Examples of Prohibited Company in a sentence
Employee A should review XYZ's audited annual report to ensure PQR's revenue remain below the 25% threshold, and consult the Prohibited Company List posted on Amex Central.
If an ownership interest that is impermissible under Sections VIII.E.2 or VIII.E.3 results from a spin-off, merger, other business reorganization, or change in business activities, the employee is required to dispose of the impermissible security within 90 calendar days of the date on which NASD added the security to the Prohibited Company List and notified employees that the Prohibited Company List had been updated.
If an ownership interest that is impermissible under Sections VIII.E.2 or VIII.E.3 results from a spin-off, merger, other business reorganization, or change in business activities, the employee is required to dispose of the impermissible security within 90 calendar days of the date on which Amex added the security to the Prohibited Company List and notified employees that the Prohibited Company List had been updated.
By way of example, but in no way limiting or modifying the forgoing, you may immediately seek and obtain employment with any company that is not a Prohibited Company, but may not, under any circumstances engage in the Prohibited Hiring Activities.
Xxxxxxxx opt to Transfer any shares of the common stock of the Company to an Airborne Prohibited Company, it shall be a condition of such Transfer that Airborne be offered the right to sell all, but not less than all, of the Shares owned by it to such Airborne Prohibited Company on the same terms and conditions as the sale by Kingson, X.
The Code, Trading Policy and Prohibited Company List are attached hereto as Appendix B.
By way of example only, but in no way limiting or modifying the forgoing, you shall be permitted to immediately seek and obtain employment with any company that is not a Prohibited Company, but you are not permitted and shall not, directly or indirectly, own, manage, operate, control, invest in, make loans or advances to, be employed by, act as an officer, director, agent or consultant for, or be in any other way connected with, any of the Prohibited Companies.
Section 1.5 of the Shareholders Agreement is hereby replaced in its entirety by the following new provision: "It is agreed that should the Company opt to Transfer any shares of the common stock of the Company to an Airborne Prohibited Company, Airborne shall have the right to sell all, but not less than all, of the Shares to the Company on the same terms and conditions as the sale to the Airborne Prohibited Company.
If an ownership interest that is impermissible under Sections IX.E.2 or IX.E.3 results from a spin-off, merger, other business reorganization, or change in business activities, the employee is required to dispose of the impermissible security within 90 calendar days of the date on which Amex added the security to the Prohibited Company List and notified employees that the Prohibited Company List had been updated.
For purposes of this Agreement, a "CHANGE OF CONTROL" of ChannelPoint means a: (a) sale of all or substantially all of the assets of ChannelPoint to a Prohibited Company; or (b) merger, reorganization, consolidation or other transaction pursuant to or as a result of which 50% or more of the voting power of the surviving company following the merger, reorganization or consolidation is transferred to a Prohibited Company.