Structural Savings Projects Sample Clauses

Structural Savings Projects. (a) From time to time during the Term, Supplier and Buyer may provide each other with recommendations for improving the efficiency of the manufacturing and supply processes and for reducing costs (each, a "Structural Savings Project"). Any provision hereof to the contrary notwithstanding: (i) any project designated as a Structural Savings Project shall not be treated as a Product Development Project governed by Section 4.2 and Section 4.3; and (ii) any program implemented for the purpose of managing any ingredients or packaging costs (including, but not limited to, flour and butter costs) shall not be governed by this Section 4.5. Buyer and Supplier shall mutually determine which, if any, proposed Structural Savings Project are to be implemented on a project-by-project basis, and shall work together to implement such mutually agreed-upon Structural Savings Project and, if applicable, shall provide for the sharing of rights to any Proprietary Information jointly developed in the course of such project upon such terms as are mutually-agreed upon in a written agreement entered into pursuant to Section 14.3. Each Structural Savings Project may involve expenditures which are classified in accordance with generally accepted accounting principles as capital expenditures and/or non-capital expenditures. All such expenditures (whether capital or non-capital) shall be allocated as mutually agreed-upon by the parties, consistent with the following principles: Reductions in costs resulting from changes in Operating Standards shall be initially (and temporarily) shared between Buyer and Supplier by their mutual agreement to phase-in appropriate reductions to Product Direct Costs in the applicable Bills of Materials resulting from the Structural Savings Project. Buyer and Supplier shall mutually determine the amount of cost savings to be included in Product Direct Costs and the time - 15 - EXECUTION COPY during which such cost savings shall be realized, commencing upon a mutually agreed-upon implementation date of the project. After such agreed-upon phase-in period, the reduction in Product Direct Costs shall be permanent.
Sample 1
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Related to Structural Savings Projects

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • Compensation Plans and Programs Executive shall be eligible to participate in any compensation plan or program maintained by the Company from time to time, which compensation plans and programs are intended to be comparable to those currently maintained by the Company, in which other senior executives of the Company participate on terms that are intended to be comparable to those applicable to such other senior executives.

  • Capital Projects 25.1 All capital projects, whether already underway or beginning during this period, are subject to the Department’s investment appraisal processes. Any capital expenditure that exceeds the BFI’s delegated capital limit must be referred to the DCMS Finance Committee for approval at three stages of development, as set out in guidance issued by the Department. The figure used in calculating whether the costs exceed the delegated limit is the lifetime cost of the capital project, including non- exchequer funding and any increased running costs ensuing from it.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Structural Changes Owner expressly withholds from Pinnacle any power or authority to make any structural changes in any building, or to make any other major alterations or additions in or to any such building or to any equipment in any such building, or to incur any expense chargeable to Owner other than expenses related to exercising the express powers vested in Pinnacle through this Agreement, without the prior written consent of Owner. However, such emergency repairs as may be required because of danger to life or property, or which are immediately necessary for the preservation and safety of the Project or the safety of the tenants and occupants thereof, or required to avoid the suspension of any necessary service to the Project, or to comply with any applicable federal state or local laws, regulations or ordinances, shall be authorized pursuant to section 4.2 of this Agreement, and Pinnacle shall notify Owner appropriately.

  • Budgets and Leasing Plans On or before November 15 of each calendar year, the Manager shall prepare and submit to the Owner for its approval an operating budget (a “Budget”) and a marketing and leasing plan (a “Plan”) on the Properties for the calendar year immediately following such submission. Each Budget and Plan shall be in the form approved by the Owner prior to the date thereof. As often as reasonably necessary during the period covered by any Budget or Plan, the Manager may submit to the Owner for its approval an updated Budget or Plan incorporating such changes as shall be necessary to reflect cost overruns and the like during such period. If the Owner does not disapprove a Budget or Plan within thirty (30) days after receipt thereof by the Owner, such Budget or Plan shall be deemed approved. If the Owner shall disapprove any Budget or Plan, it shall so notify the Manager within said thirty (30) day period and explain the reasons therefor. The Manager will not incur any costs other than those estimated in an approved Budget except for:

  • Pension and Profit Sharing Plans Executive shall be entitled to participate in any pension or profit sharing plan or other type of plan adopted by Company for the benefit of its officers and/or regular employees.

  • Structural (i) Structural floor plans and sections with detailing well advanced.

  • Information Systems Acquisition Development and Maintenance Security of System Files. To protect City Information Processing Systems and system files containing information, Service Provider will ensure that access to source code is restricted to authorized users whose specific job function necessitates such access.

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