Siemens Group definition

Siemens Group means Siemens AG and any Subsidiary of Siemens AG, including the Siemens Target Companies;
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Siemens Group means Siemens, all Affiliates of Siemens (including Siemens Aktiengesellschaft), and each of their Subsidiaries, with the exception of Gamesa Corporación Technológica S.A. and Siemens Healthineers AG, and their respective group or regional companies. (u) “Siemens SI DS FG Head” shall mean the lead executive of Smart Infrastructure Distribution Systems Future Grid, which at the date hereof is ▇▇. ▇▇▇▇-▇▇▇▇▇▇▇▇▇ Heyne. (v) “SieStorage Dual Use Patents” means all Patents in all countries of the world that claim priority from the Patents identified in Exhibit E (which may be updated and amended with mutual agreement of the Parties up to and until the Closing Date). (w) “Software” means all computer programs, operating systems, applications, systems, firmware, and software of any nature, whether operational, active, under development, or design, non-operational or inactive, including all object code, source code, comment code, algorithms, processes, formulae, interfaces, navigational devices, menu structures or arrangements, icons, operational instructions, scripts, commands, syntax, screen designs, reports, designs, concepts, visual expressions, technical manuals, test scripts, user manuals, and other documentation therefore, whether in machine-readable form, programming language, or any other language or symbols, and whether stored, encoded, recorded, or written on disk, tape, film, memory device, paper, or other media of any nature and all databases necessary or appropriate to operate any such computer program, operating system, applications systems, firmware, or software. (x) “Third List for Dual Use IP” means a list of Licensed Siemens IP that does not satisfy the definition of either Listed Dual Use IP or SieStorage Dual Use Patents. Use or Preparatory Use for all IP on this list must be proven by the Company. This list can be created pre- or post-Closing, and will not serve as an Exhibit (or other annex) to this Agreement. For the
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Examples of Siemens Group in a sentence

  • The companies of Siemens Group will not be considered as a third party pursuant to this clause.

  • The Credit Guarantees are issued by a Siemens Group entity and generally provide that in the event of default or non- payment by the SMO Business the Siemens Group entity will be required to settle such financial obligation.

  • These legal proceedings could result, in particular, in entities of the Siemens Group operating the SMO Business being subject to payment of damages and punitive damages, equitable remedies or criminal or civil sanctions, fines or disgorgement of profit.

  • The Associates and Joint Ventures of both the Siemens Group and the SMO Business are also considered to be related parties.

  • The SMO Business transfers its current trade receivables to Siemens Group including all associated credit risks, but is still responsible for the service of the receivables, e.g. collection and administration of the trade receivables.

  • Plan participants receive the right to receive one Siemens share without payment of consideration (matching share) for every three investment shares continuously held over a period of about three years (vesting period) provided the plan participant has been continuously employed by Siemens Group including the SMO Business until the end of the vesting period.

  • Purchases and services received Siemens Group provides the SMO Business with central corporate services, such as tax and legal, IT, corporate communications, HR, accounting, financial services and treasury.

  • Accordingly, Siemens Group implemented a risk management concept aligned with the defined benefit obligations (Asset Liability Matching).

  • At the Siemens Group level, these share-based payment plans are predominantly designed and accounted for as equity-settled plans and to a limited extent as cash-settled plans.

  • Furthermore, there are additional contracts for individual insurance services between companies of the SMO Business and the Siemens Group, the costs for which are borne by the SMO Business.