Stock and work in progress Sample Clauses

Stock and work in progress. 18.1 The Company’s stocks of raw materials, consumables, packaging and unfinished goods comprise items of the type and quality regularly used by or produced in its business and are useable in the ordinary course of its business for the purpose for which they were acquired or produced. None of it is slow moving or obsolete. 18.2 The Company’s stocks of finished goods are in good condition and saleable in the ordinary course of its business in accordance with its current price list at not less than their book value. 18.3 The Company’s stock and work in progress are at their normal levels for the time of year, are not excessive and are adequate for the current requirements of its business, having regard to current trading.
Sample 1
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Stock and work in progress. The method of valuing stock-in-trade and work-in-progress for the Accounts was consistent with that adopted in the Management Accounts which has been and remains consistently applied in the past twelve month period
Sample 1
Stock and work in progress. The stock-in-trade currently held is not excessive but is adequate in relation to the current trading requirements of the business of the Company, is in good, undamaged and merchantable condition, is not obsolete or slow-moving and is capable of being sold by the Company in the ordinary course of its business in accordance with its current price list, without rebate or allowance to a purchaser (or to the extent that this is not the case, adequate provision or reserve has been made therefor in the Audited Accounts or Management Accounts).
Sample 1
Stock and work in progress. So far as the Seller is aware, the provisions in the Management Accounts adequately provide for the Group Companies’ stocks of raw materials, consumables, packaging and unfinished goods which are not of the type and quality regularly used by or produced in its business or which are not usable in the ordinary and usual course of its business for the purpose for which they were acquired or produced or for any slow moving or obsolete items.
Sample 1
Stock and work in progress. Each Group Company's stock and work in progress are at their normal levels for the time of year, are not excessive and, so far as the Vendors are aware, are adequate for the current requirements of its business, having regard to current and reasonably anticipated demand.
Sample 1
Stock and work in progress. Stock and work in progress have been valued in the Balance Sheet on a basis in all material respects consistent with that adopted in respect of the beginning and end of the last preceding accounting period and at figures not exceeding the amounts which could in the circumstances existing at the Balance Sheet Date reasonably be expected to be realised in the normal course of carrying on business.
Sample 1
Stock and work in progress. 9.11.1. The stock-in-trade (to include Finished Products and Partly Finished Products) currently held by the Vendor is not excessive but is adequate in relation to the current trading requirements of the Business, has not been advanced invoiced, is in good, undamaged and merchantable condition, is not obsolete, slow-moving or inappropriate and is capable of being sold in the ordinary course of the Business in accordance with current price lists, without rebate or allowance to a purchaser. 9.11.2. The Vendor issues invoices only in respect of Finished Products.
Sample 1
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Stock and work in progress. Without limiting Clause 4(h)(i): (1) proper provision has been made in the Accounts: (i) for depreciation of assets; (ii) in valuing work-in-progress and stock, for any foreseeable losses which may arise on completion or realisation; (iii) for any foreseeable liabilities in relation to the disposal of any assets or the cessation or diminution of any part of the business of the Companies or closures; (iv) for bad or doubtful debts; and (v) for the future cost (calculated on an actuarial basis) of any unfunded commitments under all pension schemes (if any) involving the Companies; and (2) stock and work-in-progress have been valued in the Accounts at the lower of cost and net realisable value.
Sample 1

Related to Stock and work in progress

  • Work in Progress Upon any such early termination of the license granted hereunder in accordance with this Agreement, Licensee shall be entitled to finish any work-in-progress and to sell any completed inventory of a Licensed Product covered by such license which remain on hand as of the date of the termination, so long as Licensee pays to Scripps the royalties applicable to said subsequent sales in accordance with the terms and conditions as set forth in this Agreement, provided that no such sales shall be permitted after the expiration of six (6) months after the date of termination.

  • Computer Equipment Recycling Program If this Contract is for the purchase or lease of computer equipment, then Contractor certifies that it is in compliance with Subchapter Y, Chapter 361 of the Texas Health and Safety Code related to the Computer Equipment Recycling Program and the Texas Commission on Environmental Quality rules in 30 TAC Chapter 328.

  • Weekend Work (1) All ordinary hours of work performed between midnight on Friday and midnight on Sunday shall be paid for at the rate of time and one-half.

  • Weekend Worker A weekend schedule may be developed in order to meet the Home’s need for weekend staff, and individual employees’ preference for a weekend work schedule. A weekend schedule is defined as a schedule in which a full-time weekend worker works a weekly average of thirty (30) hours and is paid for 37.5 hours at their regular straight time hourly rate. The schedule must include two 11.25-hour tours, which fall within a weekend period as determined by the Home and the Union. An employee working a weekend schedule will work every weekend except as provided for in the provisions below. The Employer and the Union may agree to implement weekend worker position(s) if sixty-six and two thirds’ percent (66⅔%) of the full-time and part-time employees who work in the facility/unit are in agreement. The introduction of that schedule and the manner in which the position(s) are filled, shall be determined by the local parties. This schedule may be discontinued by either party with notice as determined by the local parties. The opportunity for an individual employee to discontinue this schedule shall be resolved by the local parties. Notwithstanding the voting mechanism above, a three (3) month trial period (or longer period, where agreed by the Home and the Union) for a weekend worker arrangement may be implemented without a vote in circumstances where the following additional conditions apply: ▪ An RN (or RNs) volunteers or applies for a weekend worker position and the Home and the Union agrees to accept the request. ▪ The work schedule will be modified to accommodate such a request provided there is no reduction in the regularly scheduled hours of the other RNs in the bargaining unit. ▪ Prior to the conclusion of the trial period, representatives of the Home and of the Union will evaluate and discuss the outcomes. Each Home must have the majority agreement of the full-time and part-time employees who vote on the issue to agree on a trial period of up to six months. Once the trial period is complete, each Home must have a minimum of 66⅔% agreement of the full-time and part-time employees who vote on the issue to continue with the new schedule on a permanent basis. (a) Weekend and shift premiums shall not be paid.

  • Television Equipment Recycling Program If this Contract is for the purchase or lease of covered television equipment, then Contractor certifies that it is compliance with Subchapter Z, Chapter 361 of the Texas Health and Safety Code related to the Television Equipment Recycling Program.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • UNIT WORK When the Employer deems it necessary in order to carry out a mission and operations of the campus, the Employer may contract out work provided that the contracting out does not displace bargaining unit employees or reduces their scheduled hours. The Maine Community College shall notify MSEA-SEIU when contracting out is to be implemented. MSEA-SEIU may request to meet and confer on the impact on contracting out such work. The Maine Community College shall meet with MSEA- SEIU within thirty (30) days of such request. Notice to MSEA-SEIU shall be not later than one hundred twenty (120) days prior to the commencement of the contracting out. In emergency circumstances, when the College enters into a contract under which contracting out will commence in less than thirty (30) days, when possible, notification shall be made two (2) weeks prior to implementing the contract, but in no event later than ten (10) working days after the commencement of the contracting out. Prior to the meeting and conferring on contracting out, the Maine Community College System will provide MSEA-SEIU all relevant written information, including copies of bids received, any cost analysis used by the College to evaluate the need for contracting out, and all other relevant material used by the College in making its decision regarding contracting out. Contracting out of the type of work normally performed by existing bargaining unit members for limited periods not to exceed six (6) months shall be allowed without the Union’s agreement if one or more of the following conditions are present at the affected campus or other non-campus location (such as the System Office in Augusta): 1. The skills and abilities or legally required licenses or equipment needed to perform the work are not available within the bargaining unit. 2. The opportunity to do the work is declined by any qualified and available bargaining unit employees. “Qualified” as used in this Article is defined as having special skills, abilities, license or equipment necessary to perform the work.

  • Work Week and Work Day (a) (Applicable to full-time employees only) The normal or standard work week shall be an average of thirty-seven and one-half (37½) hours, with a normal or standard work day of seven and one-half (7½) hours except in those Hospitals where agreements already provide a standard or normal work week of less than thirty-seven and one-half (37½) hours per week and seven and one-half (7½) hours per day. (Those Hospitals with the lesser required hours shall reflect in the salary rates a pro-rata lesser amount compared with salaries for other Hospitals based on the ratio that the standard or normal hours of work at the Hospital concerned are to thirty-seven and one-half (37½) hours and shall appropriately reflect such hours in this Article). The length of time over which the hours of work per week are to be averaged shall be determined locally and shall be set out in the Local Provisions Appendix. (b) (applicable to part-time employees only) The normal or standard work day shall be seven and one-half (7½) hours per day and the normal or standard full- time work week shall be an average of thirty-seven and one- half (37½) hours per week except in those hospitals where agreements already provide a normal or standard work day of less than seven and one-half hours and a normal or standard full-time work week of less than thirty-seven and one-half (37½) hours. (Those Hospitals with the lesser required hours shall reflect in the salary rates a pro-rata lesser amount compared with salaries for other Hospitals based on the ratio that the standard or normal hours work at the Hospital concerned are to thirty-seven and one-half (37½) hours and shall appropriately reflect such hours in this article.) Part-time employees shall be entitled to overtime pay at the rate of time and one-half their regular straight time hourly rate for all hours worked in excess of the normal or standard work day or in excess of the normal or standard full-time work week. The length of time over which the hours of work per week are to be averaged shall be determined locally and shall be set out in the Local Provisions Appendix. (c) Where the Hospital and the Union agree, subject to the approval of the Ministry of Labour, other arrangements regarding hours of work may be entered into between parties on a local level with respect to tours beyond the normal or standard work day in accordance with the provisions set out in Article 25.01 of the collective agreement.

  • MATERIALS AND WORKMANSHIP (a) All equipment, material, and articles incorporated into the work covered by this Agreement shall be new and of the most suitable grade for the purpose intended, unless otherwise specifically provided in this Agreement. (b) Seller shall obtain Company approval of the machinery and mechanical and other equipment to be incorporated into the work. When required by Company, Seller shall also obtain Company's approval of the material or articles which Seller contemplates incorporating into the work. When so directed, Seller shall submit samples for approval at Seller's expense. Machinery, equipment, material, and articles that do not have the required approval shall be installed or used at the risk of subsequent rejection. (c) References in the specifications or drawings to equipment, material, articles, or patented processes by trade name, make, or catalog number, shall be regarded as establishing a standard of quality and shall not be construed as limiting competition. Seller may, with Company's written approval, use any equipment, material, article, or process that is equal to that specified, unless the words "No Substitution" follow the listing of the item in the specifications or drawings. Unless otherwise agreed, modifications due to use of “or equal” supplies, is at Seller’s expense. (d) All work under this Agreement shall be performed in a skillful and workmanlike manner. Company may require, in writing, Seller to remove from the work any employee Company deems incompetent, careless, or otherwise objectionable.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

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