BEE STATUS Sample Clauses

BEE STATUS. 20.1 In instances where the Service Provider’s B-BBEE levels are higher than a Level 4 with Empowering Supplier Status it shall endeavour to maintain its current B-BBEE level. In instances where a decrease in the B-BBEE levels is envisaged, such a decrease should not be lower than a B-BBEE Level 4 with Empowering Supplier Status. 20.2 The IDC shall also further reserve the right to, at any time, review the minimum levels and the Service Provider shall agree to a B-BBEEE commitment plan to ensure that the requisite B-BBEE levels are met and/or maintained during the tenure of this Agreement. 20.3 In instances where a lapse below a B-BBEE Level 4 occurs, the Service Provider will identify the gaps and provide a commitment plan linked to specified timelines to achieve the minimum levels or to improve thereon.
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BEE STATUS. 6.1 SERVICE PROVIDER RETAIL ’s Broad Based Black Empowerment (BBBEE) status, as wholly owned subsidiary of SERVICE PROVIDER Retail Proprietary Limited, equals to a level x contributor with a black ownership of x%. 6.2 If the BBBEE status at the Possession Date materially decreases (i.e. a decrease in two BEE levels) for any reason whatsoever, SERVICE PROVIDER RETAIL hereby undertakes to notify PRASA CRES of such decrease in writing. SERVICE PROVIDER RETAIL shall have a period of 9 (nine) months to rectify this to restore its BBBEE status as it was on the Possession Date. If however, SERVICE PROVIDER RETAIL fails to rectify the position, after PRASA CRES has put SERVICE PROVIDER RETAIL on terms, PRASA CRES shall be entitled to cancel this Agreement on 2(two) months’ notice in writing to SERVICE PROVIDER RETAIL , without prejudice to any of its rights in law.
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BEE STATUS. 6.1 s Broad Based Black Empowerment (BBBEE) status, as wholly owned subsidiary of ?? , equals to a level 3 contributor with a black ownership of 52.55%. 6.2 If the BBBEE status at the Possession Date materially decreases (i.e. a decrease in two BEE levels) for any reason whatsoever, ?? hereby undertakes to notify PRASA CRES of such decrease in writing. ?? shall have a period of 9 (nine) months to rectify this to restore its BBBEE status as it was on the Possession Date. If however, ?? fails to rectify the position, after PRASA CRES has put ?? on terms, PRASA CRES shall be entitled to cancel this Agreement on 2(two) months’ notice in writing to ??, without prejudice to any of its rights in law.
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Related to BEE STATUS

  • Tax Free Status No party shall, nor shall any party permit any of its subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a reorganization within the meaning of Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

  • Employee Status For purposes of determining the applicability of Section 422 of the Code (relating to Incentive Stock Options), or in the event that the terms of any Grant provide that it may be exercised only during employment or within a specified period of time after termination of employment, the Committee may decide to what extent leaves of absence for governmental or military service, illness, temporary Disability, or other reasons shall not be deemed interruptions of continuous employment.

  • Shell Status The Company represents that it is not a “shell” issuer and has never been a “shell” issuer, or that if it previously has been a “shell” issuer, that at least twelve (12) months have passed since the Company has reported Form 10 type information indicating that it is no longer a “shell” issuer. Further, the Company will instruct its counsel to either (i) write a 144- 3(a)(9) opinion to allow for salability of the Conversion Shares or (ii) accept such opinion from Holder’s counsel.

  • Affiliate Status The Holder is not, and has not been during the preceding three months, an “affiliate” of the Company as such term is defined in Rule 144 under the Securities Act.

  • Company Status The Company is a corporation duly formed and validly existing under the general laws of the State of Maryland, with all requisite power and authority to enter into this Agreement and to carry out its obligations hereunder.

  • Contractor’s Status At all times during the Contract Period the Contractor shall be an independent contractor and nothing in the Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and accordingly neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the terms of the Contract.

  • Travel Status Travel by an employee, outside the College region on College business, where authorization for such travel has been requested in advance on the appropriate form, and approved by the College.

  • DEFINITION OF EMPLOYEE STATUS 8.01 The status of all employees covered by this agreement shall be defined under one of the following three definitions.

  • CONTRIBUTOR’S STATUS Contributor is a corporation (or other form of artificial legal entity or juristic person) and is therefore a Constituent (defined in the Policy) and will be represented in OpenID by Representatives (defined in the Policy). Contributor’s initial Representatives are identified in Table 1 above, and in Exhibit 1 (if attached), and Contributor may change its Representatives from time to time on written notice to OIDF. Each Representative will also be required to click through the OIDF Online Contribution Agreement on its own behalf. Contributor will, as soon as commercially practicable (and in any case before the next Work Group meeting attended by any of its Representatives), notify OIDF in writing of any change of status of its Representatives.

  • Pay Status An aggrieved employee and the Union Delegate shall be in a pay status during those working hours in which a grievance, a grievance mediation, or an arbitration hearing is held. Release time for additional employee representation shall be subject to approval by the Labor Relations Officer or designee when a group grievance is filed.

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