Economic benefits and flexibility Sample Clauses

Economic benefits and flexibility. The New Structure Contracts shall continue to enable the Group to receive the economic benefits derived by Culture Development through: (i) the Group’s options (if and when so allowed under applicable PRC laws) to purchase, all or part of the entire equity interests and assets in Culture Development at the minimum price as permitted under the applicable PRC laws and regulations; (ii) the business structure under which the consolidated profit before tax generated by Culture Development are retained by the Group; and (iii) the Group’s absolute right to control the management and operation of, as well as, in substance, all of the voting rights of Culture Development.
Sample 1
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Economic benefits and flexibility. The contractual arrangements shall continue to enable the Group to receive the economic benefits derived by the VIE and its subsidiaries through (i) the options (if and when so allowed under the applicable PRC laws) to acquire, all or part of the entire equity interests in the VIE for nil consideration or the minimum amount of consideration permitted by applicable PRC laws and regulations, (ii) the business structure under which the profit generated by the VIE and its subsidiaries is substantially retained by the Group, such that no annual cap shall be set on the amount of service fees payable to the WFOE by the VIE under the contractual arrangements, and (iii) the Group’s right to control the management and operation of, as well as, in substance, all of the voting rights of the VIE.
Sample 1

Related to Economic benefits and flexibility

  • Covered Benefits and Services The Contractor shall provide to its Hoosier Healthwise members, at a minimum, all benefits and services deemed “medically reasonable and necessary” and covered by the IHCP, and included in the Indiana Administrative Code and under the Contract with the State. A covered service is considered medically necessary if it meets the definition as set forth in 405 IAC 5-2-17. The Contractor shall deliver covered services sufficient in amount, duration or scope to reasonably expect that provision of such services would achieve the purpose of the furnished services. Costs for these services are the basis of the Contractor’s capitation rate and are, therefore, the responsibility of the Contractor. Coverage may not be arbitrarily denied or reduced and is subject to certain limitations in accordance with CFR 438.210(a)(4), which specifies when Contractors may place appropriate limits on services:  On the basis of criteria applied under the State plan, such as medical necessity; or  For the purpose of utilization control, provided the services furnished are sufficient in amount, duration or scope to reasonably be expected to achieve the purpose for which the services are furnished.

  • Labour Flexibility (i) An employer may direct an employee to carry out such duties as are reasonable and within the limits of the employee's skill, competence and training consistent with employee's classification, grouping and/or career stream provided that such duties are not designed to promote deskilling.

  • Individual Flexibility Arrangement The Employer and an Employee may agree to make an individual flexibility arrangement to vary the effect of the terms of this Agreement if:

  • Workplace Flexibility Where, for bona fide operational reasons the Employer schedules employees to work Saturday or Sunday, the following criteria shall apply:

  • Individual Flexibility Arrangements 7.1 An Employer and Employee covered by the Agreement may agree to make an individual flexibility arrangement to vary the effect of terms of the Agreement if:

  • Job Benefits and Protection The District shall insure the following provisions:

  • RDO Flexibility The application of this clause is dependent upon consultation and agreement between the parties provided that agreement will not be unreasonably withheld.

  • AGREEMENT FLEXIBILITY 7.1 Notwithstanding any other provision of this Agreement, an employer and an individual employee may agree to vary the application of certain terms of this agreement to meet the genuine individual needs of the employer and the individual employee. The terms the employer and the individual employee may agree to vary the application of are those concerning:

  • Operational Flexibility Each designated airline may, on any or all flights and at its option:

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

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