Examples of Pentair Board in a sentence
Any determination made by the Pentair Board prior to the Distribution concerning the satisfaction or waiver of any or all of the conditions set forth in this Section 3.3 shall be conclusive and binding on the Parties.
In addition, none of the Separation, the Distribution, or any employment transfer described in Section 3.01 shall constitute a termination of employment or service for any Employee or any member of the Pentair Board or the nVent Board for purposes of any Adjusted Pentair Equity Award or any nVent Equity Award.
With respect to nVent Equity Awards held by members of the Pentair Board, service on the Pentair Board shall be treated as service on the nVent Board.
Pentair shall be responsible for the payment of any fees for service on the Pentair Board that are earned at, before, or after the Effective Time, and nVent shall not have any responsibility for any such payments.
This Agreement is not, and shall not be deemed to constitute, a general obligation of the Commonwealth of Virginia or any political subdivision thereof, including the City, and neither the Commonwealth of Virginia nor any political subdivision thereof shall be liable thereon, nor in any event shall this Agreement be payable out of funds or properties other than as set forth herein.
A new section entitled "Change in Control" be and hereby is added to the end of the EOPP, which section shall read as follows: CHANGE IN CONTROL For purposes of the EOPP, a "Change in Control" is a change in control of Pentair as defined in the KEESA, and the "KEESA" is the Key Executive Employment and Severance Agreement, as approved by the Pentair Board of Directors effective August 23, 2000.
Pentair shall be responsible for the payment of any fees for service on the Pentair Board that are earned at, before, or after23the Effective Time, and nVent shall not have any responsibility for any such payments.