SSD Business definition

SSD Business means the Seller Parent’s business, as operated by certain Sellers, of developing, designing, manufacturing, assembling, testing, marketing and selling solid-state drives that utilize NAND Memory Technology. For the avoidance of doubt, “SSD Business” does not include (a) the Seller Parent’s business of developing, designing, manufacturing, and selling (i) Wafers using NAND Memory Technology, (ii) 3DXP Memory Technology, or (iii) solid-state drives that utilize 3DXP Memory Technology or (b) any First Closing Excluded Assets or any Retained Liabilities.
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Examples of SSD Business in a sentence

  • The Buyer Parent or the relevant Buyer shall use reasonable best efforts to employ the SSD Business Employees who are foreign nationals working in the United States or who are working outside of the jurisdiction of his or her citizenship under terms and conditions such that the Buyer Parent or the relevant Buyer will be considered, to the extent permitted by applicable Law, the successor-in-interest to the applicable Business for the applicable country’s immigration purposes.

  • From and after the First Closing, if the Buyer Parent, any other Buyer or any of their respective Affiliates receives or collects any funds relating to any First Closing Excluded Asset (including any trade accounts receivable arising out of or relating to the SSD Business or the First Closing Transferred Assets), such receiving or collecting Person shall promptly remit any such funds to the Seller Parent.

  • For a period of thirty (30) days after the First Closing Date, the Buyer Parent shall not, and shall ensure that no Buyer shall, engage in any conduct which would result in an employment loss or layoff for a sufficient number of SSD Business Employees which, when aggregated with conduct on the part of the Seller Parent or its Affiliates prior to the First Closing, would constitute a “plant closing,” “mass layoff” or similar event under the WARN Act.

  • Seller Parent shall provide Buyer Parent with an updated SSD Business Employee Equity Award Schedule no later than ten (10) days prior to the First Closing Date.

  • As of the First Closing or, with respect to Inactive SSD Employees, such later date contemplated by Section 6.1(b), the Seller Parent and its Affiliates shall ensure that each Transferred SSD Employee is released from any post-termination or employment restrictions but only to the extent that such restrictions would prohibit or restrict such employee from performing his or her duties for the Buyer Parent or any of the other Buyers solely with respect to the SSD Business.