PEO Business definition

PEO Business has the meaning set forth in the Recitals.
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PEO Business means the worldwide activities (including the intellectual property rights (subject to Section 5.16) and the related personnel) related to the electron optics business conducted or contemplated to be conducted by PIE and its Affiliates as of the date hereof, other than the Excluded Business.
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PEO Business means the professional employer organization, or "employee leasing", line of business of Borrowers pursuant to which Borrowers assume the employer responsibilities and obligations with respect a customer's workforce and provide the services of such workforce to the customer on a contractual basis.
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Examples of PEO Business in a sentence

  • Except for patent licenses, Section 4.16 of the Disclosure Schedule does not omit any Contract (written or oral) that is material to the PEO Business.

  • No investigation or review by any Governmental Entity with respect to the PEO Business, or any corporation in the PEO Group is pending or, to the Knowledge of PIE, threatened, nor has any Governmental Entity indicated an intention to conduct the same other than routine investigations occurring in the ordinary course of business.

  • FEI and PIE hereby agree that PIE shall not enter into any agreement in respect of the Zeiss Claim that would prevent in any material way FEI or any corporation in the PEO Group from engaging in FEI's Business or the PEO Business.

  • No corporation in the PEO Group will have any legal liability for any Tax imposed on any entity not in the PEO Group, except for customs duties and value added taxes incurred in the ordinary course of business by the PEO Business and paid for their account by Nederlandse Philips Bedrijven B.V. None of the assets of the PEO Group are subject to any Encumbrances that arose in connection with any failure or alleged failure to pay any Tax.

  • The PEO Business is not required to have, and does not have, and at Closing the PEO Group will not be required to have, any industrial security clearance relating to classified information and none is needed for purposes of any Contract with any United States government department, agency or instrumentality or, any subcontract under such a Contract.

  • As of the date hereof neither the PEO Business nor any corporation in the PEO Group is the subject of any material proceeding asserting that either the PEO Business or any corporation in the PEO Group has committed an unfair labor practice nor is there pending or, to the Knowledge of PIE, threatened, nor has there been for the past five years, any labor strike, dispute, walkout, work stoppage, slow-down or lockout involving the PEO Business and the PEO Group.

  • In cases where the PEO Business uses software either itself or as product to be distributed (whether or not embedded in such product), and such software is owned or co-owned by any company within the Philips Group, other than any company transferred to PEO Holdings as part of the PEO Business, Philips will grant to FEI a license in order to enable it to continue to use such software.

  • To the Knowledge of PIE, there is no material default by the other party to or any event, occurrence or circumstance which, upon the passage of time or the giving of notice or both, would result in a material default under any Contract that is material to the PEO Business as currently conducted, which default or potential default has not been cured or waived.

  • Except as disclosed in Section 4.9(a) of the Disclosure Schedule, the PEO Business has not been, and is not being, conducted in violation of any applicable Laws except for any such violations which have not had or are not reasonably likely, individually or in the aggregate, to have a PEO Material Adverse Effect.

  • To the extent that insurance policies of the PEO Business will not survive the Closing, FEI and PIE shall cooperate to procure effective upon the Closing, insurance policies with respect to all material risks of the PEO Business, including, without limitation, fire and casualty, general liability, business interruption, product liability, and sprinkler and water damage insurance policies.


More Definitions of PEO Business

PEO Business means the business of providing clients with a mechanism to outsource the management of human resources, employee benefits, payroll and workers’ compensation through the establishment and maintenance of an employer relationship with the employees at the client's worksite and by contractually assuming certain employer rights, responsibilities, and risk.
Sample 1
PEO Business has the meaning set forth in the definition of PEO and Contingency Staffing Services Business, as conducted as of the Closing Date.
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Related to PEO Business

  • Micro Business means a company which either:

  • Auto business means the business or occupation of selling, repairing, servicing, storing or parking "autos".

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Company Business means the business of the Company as presently conducted.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Excluded Business has the meaning set forth in Section 6.10.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Retained Businesses means all businesses now, previously or hereafter conducted by Sellers or any of their Affiliates, other than the Businesses, and “Retained Business” specifically includes the Specified Retained Businesses.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Minority Business means a business:

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Trust business means the business of acting as trustee, executor or administrator;

  • Business has the meaning set forth in the Recitals.

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.