Subsidiary Corporations definition
Examples of Subsidiary Corporations in a sentence
As part of the liquidation and winding-up of the Partnership, the Liquidator may sell Partnership assets (or assets owned by the Subsidiary Corporations, the Management Company, or any other entity in which the Partnership is an owner), at the best price and on the best terms and conditions as the Liquidator in good faith believes are reasonably available at the time.
All constructions, interpretations, rule determinations or other actions taken by the Committee shall be final, binding and conclusive on all interested parties, including the Company and its Subsidiary Corporations and all former, present and future employees of the Company or its Subsidiary Corporations.
In the event that the Grantee ceases to be employed by the Company or any of its divisions or Subsidiary Corporations, for any reason, prior to the end of the Restricted Period, all Restricted Shares with respect to which the restrictions set forth in Section 4 hereof shall not yet have lapsed (taking into account Sections 2 and 5) shall thereupon be automatically forfeited by the Grantee.
Nothing set forth herein or in the Plan shall (i) confer upon the Grantee any right of continued employment for any period by the Company or any of its divisions or Subsidiary Corporations, (ii) entitle the Grantee to remuneration or benefits not set forth in the Plan, or (iii) interfere with or limit in any way the right of the Company or any such division or Subsidiary Corporation to terminate such Grantee’s employment.
Nothing set forth herein or in the Plan shall confer upon the Option Holder any right of continued employment for any period by the Company or any of its divisions or Parent or Subsidiary Corporations, or shall interfere in any way with the right of the Company or any such division or Parent or Subsidiary Corporation to terminate such employment.
No provision of this Option Agreement shall be deemed to give to the Optionee any right to be retained in the service of the Company or of any Subsidiary Corporation in any capacity (whether as an employee, Director, independent contractor or otherwise), or to interfere in any way with the right of the Company and its Subsidiary Corporations at any time to remove any Director, or to discontinue using the services of any individual.
Continuous employment shall not be considered interrupted in the case of transfer of the duties of the Optionee among the Company and any of its Subsidiary Corporations or during leave of absence for a company-approved purpose.
Nothing contained in this Agreement shall be deemed in any way to limit or restrict the Company or any Subsidiary Corporations from making any award or payment to the Grantee under any other plan, arrangement or understanding, whether now existing or hereafter in effect.
For purposes of this Agreement, a Grantee satisfies the Rule of 75 at a certain date if, as of that date, (i) the Grantee is at least age 55, (ii) the Grantee has completed no less than five years of service for the Company and/or its subsidiaries or Affiliates, and (iii) the Grantee’s age plus years of service for the Company and/or any of its Subsidiary Corporations or Affiliates is equal to no less than 75.
Nothing set forth herein or in the Plan shall confer upon the Grantee any right of continued employment for any period by the Company or any of its divisions or Subsidiary Corporations, or shall interfere in any way with the right of the Company or any such division or Subsidiary Corporation to terminate such employment.