Examples of Palm Business in a sentence
At all times, 3Com and Palm will conduct the Palm Business before the Separation Date in the ordinary course, consistent with past practices.
Separation" means the transfer and contribution from 3Com to Palm, and Palm's receipt and assumption of, directly or indirectly, substantially all of the Assets and Liabilities currently associated with the Palm Business and the stock, investments or similar interests currently held by 3Com in subsidiaries and other entities that conduct such business.
Palm Business" means the business and operations of the business of Palm as described in the IPO Registration Statement and, except as otherwise expressly provided herein, any terminated, divested or discontinued businesses or operations that at the time of termination, divestiture or discontinuation primarily related to the Palm Business as then conducted.
The 3Com Board of Directors may, in its absolute discretion following the IPO, adjust the performance and other factors applicable to any employee of the Palm Business (including, for this purpose, any employees of 3Com who are designated as employees of the Palm Business for purposes of the Separation) under the 3Com Executive Bonus Plan to reflect any changes in such employee's position, duties and responsibilities following the IPO in such equitable fashion as it shall determine.
Such notice shall specify the effective date of such termination and shall clearly specify any affected Licensed Marks, Palm Business Products or services.
Palm acknowledges that the Palm Business Products permitted by this Agreement to be marked with one or more of the Licensed Marks must continue to be of sufficiently high quality as to provide protection of the Licensed Marks and the goodwill they symbolize, and Palm further acknowledges that the maintenance of the high quality standards associated with such products is of the essence of this Agreement.
Palm acknowledges and agrees that the foregoing assignment is subject to any and all licenses or other rights that may have been granted by 3Com or its Subsidiaries with respect to the Palm Business Marks prior to the Separation Date.
Notwithstanding the foregoing, Palm may use any business cards, letterhead, stationery, paper stock and other supplies, and the like throughout their useful life in connection with the conduct of the Palm Business, to the extent that, as of the Separation Date, they are in use, in inventory or on order.
If 3Com procures such an agreement, Palm shall not unreasonably withhold its consent to adopt such an agreement to constitute the Palm Business Travel Accident Insurance policy.
Authorized Dealers" means any distributor, dealer, OEM customer, VAR customer, VAD customer, systems integrator or other agent that on or after the Separation Date is authorized to market, advertise, sell, lease, rent, service or otherwise offer Palm Business Products.