Statement of Intention. It is the intention of the parties hereto that, prior to the Effective Date, this Agreement shall not create any rights or obligations in the Employee or the company, or require any payments by the Company to the Employee.
Statement of Intention. The parties hereto intend that the income and gift tax consequences of this split-dollar arrangement be governed by traditional split-dollar economic benefit concepts, in accordance with the interim guidance provided in the Notices, for arrangements entered into prior to the adoption of final regulations. The parties hereto agree to consistently treat this arrangement in accordance with such concepts on all tax returns and other documents filed by them in connection herewith.
Statement of Intention. It is the intention of the parties hereto that, prior to the Change of Control Date, this Agreement shall not create any rights or obligations in Executive or the Company, or require any payments by the Company to Executive, except as expressly provided herein.
Statement of Intention. Segami is in the business of the development and sale of software for gamma camera image acquisition, processing and display. Segami's current software is called ***
Statement of Intention. It is the intention of the parties hereto that, prior to the Effective Date, this Agreement shall not create any rights or obligations in the Employee or the Company , or require any payments by the Company to the Employee.
Statement of Intention. 2.01 The Member acknowledges to the Corporation that it is requesting membership in the Corporation because it is a Xxxxxxx of Designated Materials and wishes to take advantage of membership in the Corporation in order to have access to one or more of the Stewardship Programs, and thereby meet the requirements of having such a program, as required of Stewards by the Regulations, or is a person or organization who purchases Designated Materials from a Xxxxxxx and resells or otherwise supplies them in Manitoba and is interested in supporting the objectives of the Corporation.
Statement of Intention. Because the California Supreme Court held in Xxxxxx Construction Co. v. City of Camarillo, 37
Statement of Intention. The purpose of this Agreement is to resolve contested matters in a manner consistent with the public interest. The contested matters were generated, in large measure, as a result of the Commission's Retail Electric Competition Rules and APS' regulatory filings made in response thereto. The parties recognize that the electric utility industry is undergoing a transition to competition, which is scheduled to begin on January 1, 1999. It is the intention of the parties, APS and Commission Staff ("Staff"), through this Agreement, to provide resolution of the contested matters regarding APS' unbundled tariffs, APS' requested stranded cost recovery, and certain outstanding matters related to the Commission's Retail Electric Competition Rules. This settlement is intended to be comprehensive, fair to APS, its shareholders and customers and will serve to make an efficient and cost effective transition to a new era of customer choice in a competitive market structure. Therefore, the parties believe that this settlement is in the public interest. The parties also agree that in exchange for APS divesting its Transmission Assets, as defined below, APS shall fully recover its stranded costs, as described herein. Under this Agreement, the basis for APS' opportunity to recover its stranded cost is the divestiture of APS' Transmission Assets including 345 kV and above. The failure of APS to divest of its Transmission Assets as provided herein will eliminate APS' opportunity to recover its stranded costs in the manner provided by this Agreement. Instead, the Commission may award transition revenues to APS in order to maintain its financial viability. For purposes of this Agreement, the term "divestiture" under the Commission's rules includes APS' divestiture of Transmission Assets as agreed to herein. Staff believes that APS' divestiture of these Transmission Assets limits the potential for APS to exercise vertical market power and as such constitutes a change in market structure in the transition to competition.
Statement of Intention. 2.1 It is the objective of the Parties to maintain the Company’s operations as a world class operation, delivering competitively priced, quality products and services to our customers. We will do this by:
2.1.1 Carrying out all our operations and activities with a focus on safety.
2.1.2 Focusing on the needs of our customers
2.1.3 Continually improving all facets of our operation through flexibility and efficiency.
2.2 The parent Award for this Agreement is the NSW Transport Industry - Mixed Enterprises Interim (State) Award
a) The employees will not pursue any extra wage claims, whether award or over award;
b) The employees will not seek any changes to conditions of employment,
c) The agreement will cover all matters or claims regarding the employment of the employees, which could otherwise be the subject of protected actions pursuant to section 170ML of the Workplace Relations Act or the equivalent legislation under the NSW Industrial Relations Xxx 0000; and
d) Neither the employees, nor any party to this agreement, will engage in protected action pursuant to section 170ML of the Workplace Relations Act or the equivalent legislation under the NSW Industrial Relations Xxx 0000; in relation to the performance of any work covered by this agreement.
Statement of Intention. The Settlor hereby expresses the intention to establish an revocable trust for the benefit of the Beneficiaries upon the terms and conditions set forth in this Agreement, by hereby transferring to the Trustee the current balance of the Operating Endowment Fund (the “Settled Amount”), which together with any other additional or further sums or property which may be received by the Trustee from time to time and any accretions or additions thereto, shall constitute the Trust Property.
