Significant Business Unit definition

Significant Business Unit means a business unit with revenue of at least $100 million during the 12 months preceding the date of the sale of such business unit.
Sample 1Sample 2Sample 3
Significant Business Unit means a Significant Subsidiary (as defined in Rule 1-02 of Regulation S-X) of the Company in respect of which the condition specified in paragraph (c) of the definition of significant subsidiary in Rule 1-02 of Regulation S-X exceeds 30%.
Sample 1
Significant Business Unit means a functional and strategic division of a banking institution, microfinance banking institution or controlling company that work towards the achievement of the strategic objectives of the institution.
Sample 1

Examples of Significant Business Unit in a sentence

  • In connection with sale of a Significant Business Unit responsibility for which was the primary duty of Employee, the Company may assign its obligations hereunder to the purchaser of such Significant Business Unit.

  • In the case of a Change in Control as defined in item (e) of Section 4.04, in lieu of providing the equity-related benefits set forth under items (d), (e), (f) and/or (g) above, the Company may instead cause the acquiror of the Significant Business Unit to provide cash or other equity awards of substantially equivalent value, as determined in the sole discretion of the Administrator and consistent with Section 409A of the Code or an exemption therefrom.

  • In the case of a Change in Control as defined in item (e) of Section 1.4, in lieu of providing the benefits set forth under items (c), (d), (e) and/or (f) above, the Company may instead cause the acquiror of the Significant Business Unit to provide cash or other equity awards of substantially equivalent value, as determined in the sole discretion of the Administrator and consistent with Section 409A of the Code or an exemption therefrom.

  • In connection with sale of a Significant Business Unit responsibility for which was the primary duty of the Employee, the Company may assign its obligations hereunder to the purchaser of such Significant Business Unit.

  • In the case of a Change in Control as defined in item (e) of Section 1.4, in lieu of providing the equity-related benefits set forth under items (d), (e), (f) and/or (g) above, the Company may instead cause the acquiror of the Significant Business Unit to provide cash or other equity awards of substantially equivalent value, as determined in the sole discretion of the Administrator and consistent with Section 409A of the Code or an exemption therefrom.

Related to Significant Business Unit

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Separate Business means each of the activities of the Licensee connected

  • Disadvantaged Business Enterprise means a for-profit small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged individuals or, in the case of a corporation, in which 51% of the stock is owned by one or more such individuals; and whose management and daily business operations are controlled by one or more socially and economically disadvantaged individuals who own it.

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

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Micro Business means a company which either:

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria: