Examples of Westwood Group in a sentence
As of the Distribution Date, all SWS medical, dental, disability, life insurance and similar plans provided by SWS Group to its employees shall terminate as to employees of Westwood Group.
Each option to purchase SWS Common Stock held by an employee of Westwood Group will be amended to substitute Westwood or one of its Subsidiaries for SWS as the employer of such employee.
As of the Distribution Date, employees of Westwood Group will no longer be deemed employees of SWS Group.
Except as otherwise contemplated hereby or by the other Distribution Documents, all prior agreements and arrangements, including those relating to goods, rights or services provided or licensed, between the Westwood Group and the SWS Group shall be terminated effective as of the Distribution Date, if not theretofore terminated.
As of the date of this Agreement, neither the members of the SWS Group nor the members of the Westwood Group shall have any further rights or liabilities under any such preexisting tax sharing agreements, and this Agreement shall be the sole tax sharing agreement between SWS and Westwood as well as the respective members of SWS Group and the Westwood Group.
As of the Distribution Date, SWS will retain responsibility for all of its current employees (other than employees of Westwood Group), and Westwood will retain responsibility for all employees of Westwood Group (including persons absent from active service by reason of disability or otherwise).
As of the Distribution Date, SWS shall provide for 100% vesting of options to purchase SWS Common Stock held by employees of the Westwood Group.
SWS will indemnify, defend and hold harmless the Westwood Group from and against any and all liabilities for any Consolidated Taxes of the SWS Consolidated Group, other than Consolidated Taxes allocated to the Westwood Group by this Agreement.
SWS will indemnify, defend and hold harmless the Westwood Group from and against any and all liabilities for (i) Separate Taxes attributable to the Separate Tax Returns described in Sections 3(A)(ii) and 3(A)(iii) of this Agreement and (ii) the SWS Share of any Separate Tax of any member of the Westwood Group attributable to a Straddle Period.
Following the sale of the Securities by any Purchaser to Subsequent Purchasers in accordance with the terms of this Section 6, such Purchaser shall not be liable or responsible to the Company for any losses, damages or liabilities suffered or incurred by the Company, including any losses, damages or liabilities under the Securities Act, arising from or relating to any resale or transfer of any Security by such Subsequent Purchaser.