Operations Council Sample Clauses
The Operations Council clause establishes a governing body responsible for overseeing and coordinating the operational aspects of a project or partnership. Typically, this council is composed of representatives from each party involved, who meet regularly to review progress, address issues, and make joint decisions on operational matters such as resource allocation or process improvements. By formalizing the structure and authority of the Operations Council, this clause ensures effective collaboration, facilitates timely decision-making, and helps resolve operational disputes, thereby promoting smooth and efficient project execution.
Operations Council. The parties shall appoint an Operations Council consisting of an equal number of representatives, but no less than four, from each party. The Operations Council shall meet regularly, but no less frequently than quarterly. The Operations Council shall also convene at any time at the request of either party so long as such party provides one week's notice to the other party. The Operations Council will be responsible for the folllowing:
(a) Reviewing Requirements Forecasts and production capacities;
(b) Reviewing and approving actual and projected expenditures for research and development and capital acquisition;
(c) Adjusting pricing and delivery targets at specified intervals;
(d) Reviewing process costs, process costs multipliers, process yields and yield drivers;
(e) Reviewing lead times including queue times and factory cycle times;
(f) Reviewing summaries of research and development progress prepared by ▇-▇ TSMD, including summaries of research and development funded by ▇-▇ TSMD that adds to the value of the Intellectual Property Rights of the parties.
Operations Council. In addition to the duties of the Operations Council set forth in Section 4(g) of the Agreement, the Operations Council shall meet on a quarterly basis. **.
Operations Council. Each Party shall appoint one or more managers to an operations council (the “Operations Council”). The Operations Council shall meet or confer monthly in order to review the Performance Report for the previous month and any failures to meet the Departure Criteria for ACMI Services, Departure Criteria for Network Services, Arrival Criteria for Network Services and the Ground Handling Criteria during that month. In the event of any such failure, the Operations Council shall agree a detailed action plan (the “Action Plan”) the purpose of which is to identify and remedy the underlying cause(s) of such failure. If within twenty-one (21) days (or such longer period as may be agreed) the Operations Council fails to agree an Action Plan, or the Operations Council agrees an Action Plan but such plan fails to improve the operating Criteria within two (2) months of the date the Action Plan was developed, then the same shall be referred to the Senior Managers. Notwithstanding the foregoing, if the Departure Criteria for Network Services or the Arrival Criteria for Network Services for any Core Service is not met for a period of two (2) consecutive Measurement Periods, DHL may, in its sole discretion (upon reasonable notice to the Company), redirect the affected DHL Material to alternative transportation services, at its own expense, and reduce the DHL Blocked Space and the Annual Minimum Volume Guarantee commitment (but not the Variable Fee) accordingly. Such redirect may continue until such time as the Departure Criteria for Network Services or Arrival Criteria for Network Services for the affected Core Service is once again met, at which time DHL shall have the obligation to place DHL Material back into the Core Network. Furthermore, in the event of a failure of the Company to meet the Departure Criteria for Network Services or the Arrival Criteria for Network Services due to an issue with the performance of the Ground Handling Criteria, then DHL may, at its sole discretion (upon reasonable notice to the Company), undertake certain of such ground handling responsibilities at the point of service giving rise to such issue. Upon the exercise of such right by DHL, the Blocked Space Rates shall be adjusted accordingly, it being understood, however, that such adjustment shall in no way affect DHL’s obligations to pay the Variable Fee under Section 3.2 of this Agreement. In addition to the above, the Operations Council shall review any Dispute that cannot be resolved by t...
Operations Council. In addition to the duties of the Operations Council set forth in Section 4(g) of the Agreement, the Operations Council shall meet on a quarterly basis. The council shall further share measurement reports to ensure compliance with the quality metrics. The Parties further agree to provide visibility of their buildout sites for the areas listed in Exhibit 8 ***. The Parties will also share propagation maps and other materials through the Operations Council to ensure both Parties’ compliance with the terms and conditions of the Agreement and this Amendment.
Operations Council