Cost Improvements Sample Clauses

The Cost Improvements clause defines how cost savings or efficiencies achieved during the performance of a contract are handled between the parties. Typically, this clause outlines the process for identifying, documenting, and sharing any reductions in costs that arise from improved methods, technologies, or processes implemented during the project. For example, if a contractor finds a way to complete a task more efficiently and at a lower cost, the clause may specify whether those savings are retained by the contractor, shared with the client, or used to reduce the overall contract price. Its core practical function is to incentivize innovation and cost-saving measures while ensuring that the benefits of such improvements are fairly distributed, thereby aligning the interests of both parties.
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Cost Improvements. Promptly after a Product has been launched, LONZA will in good faith continuously seek to improve and reduce direct material costs, direct operating labor costs and indirect expenses attributable to the manufacture of the Product throughout the term of this Agreement and, at the request of MODERNA, provide MODERNA with written evidence demonstrating the efforts and activities undertaken by LONZA in furtherance thereof. LONZA and MODERNA agree to periodically, but not less than [***], review the cost of materials, labor, expenses and other matters
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Cost Improvements. TEREX, TDC and MANUFACTURER shall use their commercially reasonable efforts in the ordinary course of business to identify and implement productivity and other improvements to reduce TDC's cost of distribution of the Parts, including all Warehousing Services (as defined in Section 3 hereof), Computer Services (as defined in Section 4 hereof), Accounting Services (as defined in Section 5 hereof), and any additional services required by MANUFACTURER as provided under Section 6.01. Commencing January 1, 1997, TDC and MANUFACTURER shall share on a pro rata basis in any "Cost Savings" (as such term is defined below) achieved by TDC in the distribution of the Parts, with TDC to retain forty-six percent (46%) of the amount of the Cost Savings and fifty-four percent (54%) of the Cost Savings to be passed on to MANUFACTURER by means of a credit to the Base Fees payable by MANUFACTURER under Section 6.01. TDC shall calculate the amount of the Cost
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Cost Improvements. During the Term of this Agreement the Parties shall work together to develop reasonable and implementable cost reduction projects related to the Manufacture of any Contracted Product. The Parties shall allocate any resulting cost savings between themselves, in pro rata proportion to the financial investment made by each Party to recognize such cost improvements.
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Cost Improvements. TEREX, TDC and MANUFACTURER shall use their commercially reasonable efforts in the ordinary course of business to identify and implement productivity and other improvements to reduce TDC's cost of distribution of the Parts, including all Warehousing Services (as defined in Section 3 hereof), Computer Services (as defined in Section 4 hereof), Accounting Services (as defined in Section 5 hereof), and any additional services required by MANUFACTURER as provided under Section 6.01. Commencing January 1, 1997, TDC and MANUFACTURER shall share on a pro rata basis in any "Cost Savings" (as such term is defined below) achieved by TDC in the distribution of the Parts, with TDC to retain forty-six percent (46%) of the amount of the Cost Savings and fifty-four percent (54%) of the Cost Savings to be passed on to MANUFACTURER by means of a credit to the Base Fees payable by MANUFACTURER under Section 6.01. TDC shall calculate the amount of the Cost Savings on a quarterly basis, with any credit due to MANUFACTURER to be applied against the Base Fee due for the second month of the following quarter. For purposes of this Agreement, the term "Cost Savings" shall mean the net reduction to TDC in the full cost of distribution of the Parts, including the costs of all Warehousing Services, Computer Services, Accounting Services and any additional services provided under Section 6.01, calculated utilizing a consistent accounting procedure agreed upon by the parties. The parties shall mutually agree upon a method for calculating Cost Savings no later than ninety (90) days from the date hereof. MANUFACTURER or its designee shall have the right to audit all of TEREX's and TDC's books and records relating to the distribution of the Parts at TDC, upon ten (10) days advance written notice, for the purpose of confirming the extent of any Cost Savings achieved by TDC, provided MANUFACTURER shall not have the right to conduct such an audit more than twice in any 12-month period. In the event that MANUFACTURER or its designee should find that TDC has not complied with the terms of this Section 6.03, TDC shall promptly reimburse MANUFACTURER for the amount of any Cost Savings due to MANUFACTURER, with interest calculated at 10% per annum, from the date such Cost Savings would have been credited to the Base Fee in accordance with the terms of this Section 6.03. The auditing fees and expenses incurred by MANUFACTURER or its designee shall be borne by MANUFACTURER.
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Cost Improvements. 17 6.04 Transfer........................................ 18 Section 7 Control and Rights of Parties 7.01 Independent Contractor Status................... 18 7.02 Employment of Workers by TDC.................... 19 Section 8 Insurance 8.01 General......................................... 19
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Cost Improvements. During the Term, Catalent and Client agree to jointly develop a program aimed at achieving continuous improvement in the quality of the Product and reducing Processing costs where possible, which may include refinement of manufacturing processes or procedures, identification of new Vendors or changes in the pricing or availability of Third-Party materials. Any changes to the Process resulting from this program (a) shall be subject to the change control requirements in the Quality Agreement and (b) [***]. Such program will not involve capital or other extraordinary costs being incurred by any Party without the prior written consent of both Parties. Cost reductions resulting from this program and the costs to implement any such programs shall be allocated as agreed between Catalent and Client.
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Cost Improvements. Promptly after a Product has been launched, LONZA will in good faith continuously seek to improve and reduce direct material costs, direct operating labor costs and indirect expenses attributable to the manufacture of the Product throughout the term of this Agreement and, at the request of MODERNA, provide MODERNA with written evidence demonstrating the efforts and activities undertaken by LONZA in furtherance thereof. LONZA and MODERNA agree to periodically, but not less than [***], review the cost of materials, labor, expenses and other matters that influence the price MODERNA pays for the Product and determine whether any price decreases may be appropriate. Upon the request of MODERNA, LONZA will provide to MODERNA reasonable evidence of any and all improvements as they are achieved and of the availability of any potential improvements hereunder. LONZA agrees to reflect and incorporate into this Agreement achieved price reductions realized by LONZA after the effective date of such price change. MODERNA and LONZA will set specific key performance indicators defining timing and percent reduction for the manufacture of the Product (“KPIs”) once a Product has been launched. KPIs may include, but are not limited to, manufacturing operations (including inventory reductions, process improvement, and lead-times), sourcing, international operations and logistics, and business practices. Progress of these goals will be reviewed periodically, but in any case no less than [***]. All savings achieved through these cost improvements by LONZA will be [***].
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Cost Improvements. 17 6.04 Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 7 Control and Rights of Parties 7.01 Independent Contractor Status . . . . . . . . . . . . . . . . . . . 18 7.02 Employment of Workers by TDC . . . . . . . . . . . . . . . . . . . . 19 Section 8 Insurance 8.01 General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
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Related to Cost Improvements

  • Improvement Plans A professional improvement plan is a clearly articulated assistance program for a teacher whose student growth measure dimension of the evaluation is below the expected level of student growth. For the purposes of this agreement, improvement plans shall be based on the individual student growth measure level, and not for overall subjects or classes taught.

  • Existing Improvements All improvements located on the Site as of the date of execution of the Construction Contract, whether above or below the surface of the ground, including but not limited to existing buildings, utilities, infrastructure improvements and other facilities.

  • Tenant's Improvements If the Lessor is the Insuring Party, the Lessor shall not be required to insure Lessee Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. If Lessee is the Insuring Party, the policy carried by Lessee under this Paragraph 8.3 shall insure Lessee Owned Alterations and Utility Installations.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);