KIC ACTIVITIES AND OPERATIONS Sample Clauses

KIC ACTIVITIES AND OPERATIONS. ‌ 7.1 Sound portfolio management principles‌ a) The KIC must ensure sound management in carrying out its activities and operations. This includes:  sound financial management: principles of economy, efficiency and effectiveness, including a lean and cost-efficient structure that keeps administrative and management costs to a minimum;  sound portfolio selection and management: – principles of transparency, equal treatment, avoidance of conflict of interest, confidentiality; – pre-defined criteria and selection procedure ensuring impactful and quality KIC activities which contribute to the KIC's strategic objectives; – risk management in place, including cases when some KIC partners cannot meet the original commitments; – systemic, effective and reliable monitoring of progress towards KIC strategic objectives and other aspects of EIT KIC model, in line with Article 11, allowing the KIC to fast-track, re-orient or stop KIC activities. b) KIC activities must:  have clear outputs / results contributing to the KIC strategic objectives;  implement communication, dissemination and exploitation plan(s);  be subject to a formal ex-post impact assessment within at least five years after the end of the activity, to follow the impact of the activity’s outputs, unless the nature of the activity justifies it otherwise.
Sample 1
AutoNDA by SimpleDocs

Related to KIC ACTIVITIES AND OPERATIONS

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Specific Activities Please give detailed information about the specific activities of the Project promoter and the Partner(s), with budget allocations 7.1 The main tasks of [name of the Project Promoter], referred to as the ‘Project Promoter’, are summarized as follows: Name Project activities Project budget 1 .... [mention the budget allocated to Project Promoter for the respective activity] EUR.... Activity 2 .... EUR... 7.2 The main input/responsibilities of [name of the Project Partner(s)], referred to as Partner 1, 2, etc., are summarized as follows: Name Project activities Project budget Partner 1... [briefly present the project activity implemented by Partner]. Activity 1 .... [mention the budget allocated to Partner 1 for the respective activity] EUR.... Activity 2 .... EUR... Name Project activities Project budget

  • High Risk Activities 1. The Software is not fault-tolerant and is not designed, manufactured or intended for use or resale as on-line control equipment in hazardous environments requiring fail-safe performance, such as in the operation of nuclear facilities, aircraft navigation or communication systems, air traffic control, direct life support machines, or weapons systems, in which the failure of the Software could lead directly to death, personal injury, or severe physical or environmental damage ("High Risk Activities"). Syncro and its suppliers specifically disclaim any express or implied warranty of fitness for High Risk Activities.

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Suspended Operations If the University President or designee determines that the public health, property or safety is jeopardized and it is advisable due to emergency conditions to suspend the operation of all or any portion of the University, the following will govern represented individuals: A. When prior notice has not been given, represented individuals released until further notice after reporting to work will be compensated for hours worked on the first day of suspended operations. B. Represented individuals who are not required to work during suspended operations may request and may be granted a schedule change during their workweek. C. Represented individuals who are required to work during suspended operations will receive their regular hourly rate for work performed during the period of suspended operation. Overtime worked during suspended operations will be compensated in accordance with Section 5.3, above.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Typical activities Manage a large functional unit with a diverse or complex set of functions and significant resources.

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Delegation and Operation OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!