Value of Non Sample Clauses
The 'Value of Non' clause defines how the value of goods, services, or obligations that are not delivered or performed under a contract is determined. In practice, this clause sets out the method for calculating the worth of undelivered items, such as referencing market prices, agreed-upon rates, or third-party valuations. Its core function is to provide a clear and objective mechanism for assessing compensation or damages when contractual obligations are not fully met, thereby reducing disputes and ensuring fairness between parties.
POPULAR SAMPLE Copied 1 times
Value of Non. Originating Materials is the CIF value at the time of importation or the earliest ascertained price paid for all non-originating materials, parts or produce that are acquired by the producer in the production of the good. Non- originating materials include materials of undetermined origin but do not include a material that is self-produced.
Value of Non compete for Purposes of Code Section 280G. For purposes of Code Section 280G, the Employers shall ascribe a value to the restrictive covenants imposed upon the Executive pursuant to Section 20(a), with such value to not exceed one-half of the Executive’s annual compensation as of the date of the Change in Control for each six-month period covered by Section 20(a).
Value of Non originating materials The value of a material used in the production of a good shall:
(a) be the transaction value of the material determined in accordance with Article 1 of the Customs Valuation Agreement;
(b) in the event that there is no transaction value or the transaction value of the material is unacceptable under Article 1 of the Customs Valuation Agreement, be determined in accordance with Articles 2 through 7 of the Customs Valuation Agreement;
(c) where not covered under subparagraph (a) or (b), include freight, insurance, packing and all other costs incurred in transporting the material to the place of importation; or
(d) in the case of a domestic transaction, be determined in accordance with the principles of the Customs Valuation Agreement in the same manner as an international transaction, with such adjustments as may be required by the circumstances.
Value of Non cash benefits and deferred payments: the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Accounting Firm in accordance with the principles of Sections 280G(d)(3) and (4) of the Code.