Cost Cutting Measures. The Commission and COMELEC-EU agrees to implement cost-cutting measures to effectively generate higher savings for the CNA Incentive including but not limited to the following;
Cost Cutting Measures. The Company agrees to use its commercially reasonable best efforts to reduce its “Total General and Administrative,” “Legal” and “Accounting” expenses as such terms are used with reference to the line items in the Company’s financial statements by at least $200,000 in total from the aggregate of approximately $3.2 million in such expenses budgeted for the 2015 fiscal year in the 2016 fiscal year and to maintain such reduced expenditures to a total of no more than $3.0 million for each subsequent fiscal year through the 2018 fiscal year.
