PURPOSE AGREEMENT Clause Samples

A Purpose Agreement clause defines the specific objectives or intentions behind the parties entering into the contract. It typically outlines the context or project the agreement relates to, such as a joint venture, research collaboration, or service provision, and may specify the scope of activities or deliverables expected. By clearly stating the contract's purpose, this clause helps ensure that all parties share a mutual understanding of their goals, reducing the risk of misunderstandings or disputes about the agreement's intent.
PURPOSE AGREEMENT. 1.01 - The general purpose of this Agreement is to establish mutually satisfactory relations between the Employer and its employees, to provide machinery for the prompt and equitable disposition of grievances and to establish and maintain working conditions, hours of work and wages for all employees who are subject to the provisions of this Agreement and that are satisfactory to both the Employer and the Union. 1.02 - Wherever the male gender is used throughout the Articles within this Agreement, it is agreed that feminine gender is an acceptable substitute whenever and wherever the feminine gender is applicable. 1.03 - Where the singular is used throughout the Articles within this Agreement is agreed that the plural is an acceptable substitute whenever the plural gender is applicable.
PURPOSE AGREEMENT. 1.1 The Borrower enters into this Agreement to borrow Eligible Securities to settle potential failed trades resulting from the Borrower’s participation in IDSS which trades were not closed off within the same day of the transaction. 1.2 The Borrower agrees that IDSS is to be carried out for Approved Securities only by way of on market transaction. For avoidance of doubt, direct business transaction is excluded. 1.3 The Borrower further agrees that each short selling of the Approved Securities carried out for IDSS must be closed off with a buy position on the same day as the selling by way of on market transaction. 1.4 The Borrower agrees to adhere to all applicable Bursa Rules in respect of the IDSS transaction. 1.5 The Borrower further agrees that the minimum gross value of Eligible Securities that the Borrower can borrow shall be Ringgit Malaysia One hundred thousand (RM100,000) and in an event the potential failed trade is below the minimum value, the Borrower shall proceed with a buying-in instead of borrowing to cover the potential failed trades 1.6 The Borrower further agrees that the Lender has no obligation to further borrow on behalf of the Borrower to settle the Borrower’s outstanding or failed trades pursuant to the Borrower’s participation in the IDSS.
PURPOSE AGREEMENT. It is the general purpose of this Agreement to promote the mutual interest of the Company and its employees and to provide for the operation of the Company's mill under con- ditions which will further the safety and welfare of the em- ployees, economy of operations, quality and quantity of output, cleanliness of plant, and protection of property. a) In order to ensure the carrying out of the purposeof this Agreement the Company recognizes the Communica- tions, Energy and Paperworkers Union of Canada as the bargaining agency representing all the employees who are eligible for membership in the signatory Union, for the purpose of collective bargaining. The Union recognizesthat all functions of management, unless expressly and specifically limited by the terms of this Collective Agreement, are reserved to and are vested exclusively in the Company. Employees of the Company who come under this Agree- ment and are entitled to membership in the Union signa- tory to this Agreement, include all those employed in and outside the mill on occupations covered by the Certifica- tions issued to the Union by the appropriate government agency, except Superintendents and Assistants, Supervi- sory Foremen, and Watchmen who are considered as part of the Management of the Company under this Agreement and those employees who fall under the jurisdiction of Un- ions not signatory to this Agreement.
PURPOSE AGREEMENT. The purpose of this Agreement is to maintain harmonious relationships between the Employer, the Council and the employees and to set forth herein the terms and conditions of employment upon which agreement has been reached through collective bargaining.
PURPOSE AGREEMENT. The Purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Union, to set forth certain terms and conditions of employment relating to pay, hours of work, employee benefits, and general working conditions affecting employees covered by this Agreement and to ensure that all reasonable measures are provided for the safety and occupational health of the employees. The parties to this Agreement share a desire to improve the quality, to promote well-being and increase the productivity of employees to the end that the Employer will be well and efficiently served. Accordingly, the parties are determined to establish, within the framework provided by law, an effective working relationship at all levels in which members of the Bargaining Unit are employed.
PURPOSE AGREEMENT. It is the intent and purpose of the Parties to establish, as herein set forth, their full Agreement covering wages, hours of work and other working conditions and to provide a procedure for the prompt and equitable adjustment of grievances so as to prevent interruptions of work and to promote an efficient operation. The Parties hereto recognize that they are jointly engaged in providing an essential and vital service to the public and that there is an obligation on each Party for the continuous performance and availability of such service.
PURPOSE AGREEMENT. The purpose of this Agreement is to establish and maintain orderly collective bargaining procedures between the Employer and the Union.
PURPOSE AGREEMENT. 1.1. This Memorandum provides a framework for closer working between Pencombe and Little Cowarne Parish Hall [“the Trustees ”] (as managing trustee) and Pencombe Group Parish Council [“the council”] (as custodian trustee) to promote a common understanding for the running of Pencombe & Little Cowarne Parish Hall [“the hall”].
PURPOSE AGREEMENT. The purpose of this i s to maintain and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employ- ment relating to remuneration, hours of work. benefits and general working affecting employees covered by Agreement. The parties to this Agreement share a desire to improve the quality of the Public Service of Canada, to maintain professional standards and to the and increased efficiency of its employees to the end that the people will be well and effectively served. Accordingly, they are determined to establish within the provided by law, an effective working relationship at all levels of the Service in which members of the bargaining units are employed.

Related to PURPOSE AGREEMENT

  • Student Agreement It is important that I work to the best of my ability. Therefore, I shall strive to do the following:

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • PURPOSE OF AGREEMENT The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employment relating to remuneration, hours of work, employee benefits and general working conditions affecting employees covered by this Agreement.

  • Purpose and Application This document (“DPA”) is incorporated into the Agreement and forms part of a written (including in electronic form) contract between SAP and Customer. This DPA applies to Personal Data processed by SAP and its Subprocessors in connection with its provision of the Cloud Service. This DPA does not apply to non-production environments of the Cloud Service if such environments are made available by SAP, and Customer shall not store Personal Data in such environments.

  • AMENDING OPERATING AGREEMENT This Agreement may only be amended by an affirmative vote or consent of all Members.