Reasons for and Benefits of the Proposed Sample Clauses

Reasons for and Benefits of the Proposed. Annual Caps of the Mutual Supply of Goods Framework Agreement (2025–2027) and the Mutual Supply of Services Framework Agreement (2025–2027) Production in the iron and steel industry is carried out on a continuous basis. Angang Group has rich ore reserves and advanced mining and processing capacity, as well as the supply, processing and manufacturing capacity in coal, coke, alloy and other raw materials, which is part of the Group’s supply chain, providing assurance for the Group to continuously obtain stable supply of high-quality raw materials and other goods. At the same time, Angang Group has strong specialized capabilities in providing supporting production services such as design, construction, maintenance, and transportation in the steel industry, which can provide essential supporting services for the Group’s production and operations. The Group has a strong domestic steel marketing ability and marketing network, which can provide steel trade services for Angang Group. In addition, the Group would also sell certain products, abandoned steel, abandoned materials and integrated services to Angang Group which is a client of the Company. The Group and Angang Group have strong capabilities in their respective fields and have established a positive cooperative relationship based on mutual trust over the years. By leveraging on the business synergies, it will contribute to the development of the Company’s business and enhancement of its competitiveness. The Directors are therefore of the view that the terms of the Mutual Supply of Goods Framework Agreement (2025–2027) and the Mutual Supply of Services Framework Agreement (2025–2027) are fair and reasonable, and in the interests of the Company and the Shareholders as a whole.
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Related to Reasons for and Benefits of the Proposed

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

  • Termination without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Benefits 17.01 The Employer agrees, during the term of the Collective Agreement, to contribute towards the premium coverage of participating eligible employees in the active employ of the Employer under the insurance plans set out below subject to their respective terms and conditions including any enrolment requirements:

  • Termination for Convenience TIPS may, by written notice to Vendor, terminate this Agreement for convenience, in whole or in part, at any time by giving thirty (30) days’ written notice to Vendor of such termination, and specifying the effective date thereof.

  • Scope of Services The specific scope of work for each job shall be determined in advance and in writing between TIPS Member, Member’s design professionals and Vendor. It is permitted for the TIPS Member to provide a general scope description, but the awarded vendor should provide a written scope of work, and if applicable, according to the TIPS Member’s design Professional as part of the proposal. Once the scope of the job is agreed to, the TIPS Member will issue a PO and/or an Agreement or Contract with the Job Order Contract Proposal referenced or as an attachment along with bond and any other special provisions agreed by the TIPS Member. If special terms and conditions other than those covered within this solicitation and awarded Agreements are required, they will be attached to the PO and/or an Agreement or Contract and shall take precedence over those in this base TIPS Vendor Agreement.

  • Relationship of the Parties Nothing contained in this Agreement shall be construed to make one Party an agent of the other Party nor shall either party have any authority to bind the other in any respect, unless expressly authorized by the other party in writing. The Parties are independent contractors and nothing in this Agreement creates a relationship of employment, trust, agency or partnership between them.

  • Salaries wages and other similar remuneration, other than a pension, paid by a Contracting State or a political subdivision or a local authority thereof to an individual in respect of services rendered to that State or subdivision or authority shall be taxable only in that State.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Severance If any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part- provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of this Agreement. If any provision or part-provision of this Agreement is invalid, illegal or unenforceable, the parties shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent possible, achieves the intended commercial result of the original provision.

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