Definitions Clause Example from Business Contracts

This example Definitions clause appears in 4 contracts from 4 companies

Definitions. As used in the Plan, the following definitions shall apply to the capitalized terms indicated below: (a) "Affiliate" means, at the time of determination, any "parent" or "majority-owned subsidiary" of the Company, as such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which "parent" or "majority- owned subsidiary" status is determined within the foregoing definition.