Heâs served Modesto, California as Planning Commissioner, City Councilman, and Vice Mayor and Stanislaus County as a Supervisor, then Chairman of the Board of Supervisors for eight consecutive terms. Ray became CEO of Freese & Gianelli in 1960, and founded Pegasus Risk Management with his son, Jeff in 1995. Jeff Simon, CEO & President â Jeffâs varied and distinguished career sets the company standard for leadership and integrity.
Definition of Affiliate. As used in this Agreement, an Affiliate of the Company shall mean a parent, subsidiary, brother or sister corporation or other corporation or entity which controls the Company or which the Company controls or which is under common control with the Company.
Not to be confused with subsidiarity. A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company.In some cases it is a government or state-owned enterprise. In the United States railroad industry, an operating subsidiary is a company that is a subsidiary but operates with its own identity, locomotives and rolling stock. parent company does not have to be the larger or more powerful entity; it is possible for the parent company to be smaller than a subsidiary, such as DanJaq, a closely held family company, which controls Eon Productions, the large corporation which manages the James Bond franchise.