Beta Phase and Molex enter agreement.MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--Dec. 22, 1994--Beta Phase Inc. announced Thursday that it has entered into a consulting agreement with Molex Inc. pursuant to which Molex will make available to Beta Phase the services of certain of its employees to provide technical and management services, including serving as officers of Beta Phase, until such time as Beta Phase finds replacements for such employees. Each of Molex and Beta Phase has the right to terminate the consulting agreement at any time by giving the other party notice of termination. Molex is a significant shareholder and creditor An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence of Beta Phase and Molex's representatives hold four out of the five authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: seats on Beta Phase's board of directors. CONTACT: Beta Phase Inc., Menlo Park Bane BANE. This word was formerly used to signify a malefactor. Bract. 1. 2, t. 8, c. 1. Kesic, 415/688-7400 |
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