Local Registration. Maximum 10 points
i. Lesotho Registration: proportion of joint venture share assigned to Lesotho registered firms, as defined in Article 1 of the Phase II Agreement as a Lesotho National.
a. ≥ 20% JV share by Lesotho national firms –5 points
b. ≥ 15% and <20% JV share by Lesotho national firms –4 points
c. ≥ 10% and <15% JV share by Lesotho national firms –3 points
d. <10% JV share by Lesotho national firms – 0 points
ii. South African Registration: for firms based in the Republic of South Africa, points under the ownership preference will be based on accreditation under Broad-Based Black Economic Empowerment Act (using the weighted average level of certification for the JV if multiple RSA-based firms, proportional to the JV contribution of each firm). Points to be awarded as follows:
Local Registration. Reseller hereby agrees to cooperate with Paragon to the extent necessary for Paragon to register and establish Paragon’s full legal rights to the Trademarks, or any of them, in Reseller’s country, at such time as Paragon shall determine, and further agrees not to contest or take any action which would have the effect of impeding Paragon’s application for such registration or the successful completion of such registration of the Trademarks, or any of them. This obligation shall survive the expiration or termination of this Agreement.
Local Registration. The Company will provide assistance for local registration with agencies such as social security administration and bank account registration. The Company will make all reasonable efforts to support the transition of the accompanying family. Spouse support can include making connections to our partners, support for training and/or recruitment and costs up to $3,500 USD for expenses related to job search and training. The Company will cover the cost of an annual return flight to Europe for the Employee, Spouse and Dependents as applicable for the first three years. Such booking must be made in line with the companies travel policy and preferred airlines.
