Permitted Entities of a Key Executive means: (i) any person in respect of which the Key Executive has, directly or indirectly (A) control over the voting of Class B Ordinary Shares held or to be transferred to that person, (B) the ability to direct or cause the direction of the management and policies of that person or any other person having authority referred to in the immediately foregoing, or (C) the operational or practical control of that person, including through the right to appoint, designate, remove or replace the person having the authority referred to in the foregoing; (ii) any trust the beneficiaries of which consist primarily of a Key Executive, his or her family members, and/or any person controlled by a trust, including, with respect to Mr. Tan, Hibiscus Worldwide Ltd.; or (iii) any person controlled by a trust described in the immediately foregoing;
Permitted Entities have the meanings ascribed to such terms in Section 2.3(e)(ii)(B) of Article 2.
Permitted Entities shall have the meaning set forth in Section 5(a) of this R&D Agreement.
Examples of Permitted Entities in a sentence
Upon the Effective Date, Executive shall have resigned as an officer, director, and/or employee from any and all businesses with which he is or has been affiliated other than the Permitted Entities, if any, identified in the Non-Compete Agreement.
More Definitions of Permitted Entities
Permitted Entities shall have the meaning set forth in Section 4.6.
Permitted Entities has the definition set forth in the COI.
Permitted Entities means, individually or collectively, as applicable, (1) SSSHT, (2) SSSHT Student Holdco, LLC, a Delaware limited liability company, and/or (3) Operating Partnership.