Sustainable and Competitive Pricing definition
Sustainable and Competitive Pricing means stable pricing over time for the Products and Manufacturing Services provided to Company under this Agreement that is favorable against that which could be reasonably attained from other contract manufacturers for comparable volumes of substantially similar products and comparable manufacturing services for customers similarly situated in similar markets taking into account all applicable state, local and federal regulations and licensing requirements. For purposes of this Agreement, the term [*] means providing detailed Jabil [*] to Company which includes; [*] (in place as of the Effective Date).
Sustainable and Competitive Pricing means stable pricing over time for the Products and Manufacturing Services provided to iRobot under this Agreement that is favorable against that which could be reasonably attained from other contract manufacturers for comparable volumes of substantially similar products and comparable manufacturing services. For purposes of this Agreement, the term “Open Book Pricing” means providing detailed costing information to iRobot which includes; a fully-costed ▇▇▇▇ of materials, markups related to the sourcing and manufacturing of the Components and the Product and an explanation of all adders on material or value add (in place as of the Effective Date). In addition, Kin Yat shall provide detailed overviews of the relevant financial costing model to iRobot’s representatives and professional advisors. By [***], Kin Yat shall provide final fixed price quotation for upcoming iRobot fiscal year.
Sustainable and Competitive Pricing shall have the meaning set forth in Section 9.1.
Examples of Sustainable and Competitive Pricing in a sentence
Kin Yat shall at all times employ an Open Book Pricing approach to cost management and pricing of Components, Products and the Manufacturing Services to achieve Sustainable and Competitive Pricing for the Products and Manufacturing Services provided to iRobot under this Agreement.
Company and Jabil shall pursue continuous cost reduction initiatives to ensure that available Sustainable and Competitive Pricing opportunities are reviewed.
Jabil shall at all times employ an [*] approach to cost management and pricing of Components, Products and the Manufacturing Services to review Sustainable and Competitive Pricing opportunities for the Products and Manufacturing Services provided to Company under this Agreement.
More Definitions of Sustainable and Competitive Pricing
Sustainable and Competitive Pricing shall have the meaning set forth in Section 9.1. 1.76 “Term” means the Initial Term and each Renewal Term, collectively. 1.77 “Termination Effective Date” shall have the meaning set forth in Section 15.3.3. 1.78 “Transition Period” shall have the meaning set forth in Section 15.4. 1.79 “Waived NRE Costs” means, collectively, the total NRE Costs for the Metal Parts Tooling NRE, PCBA NRE, and the ICT NRE, each as set forth in Schedule 2. 1.80 “Warranty Period” shall have the meaning set forth in Section 5.3. 2 List of Schedules. This Agreement includes the following Schedules for each Product to be manufactured hereunder, which are hereby incorporated herein and made a part of this Agreement: Schedule 1 — Statement of Work and Specifications Schedule 2 — Fee and Price Schedule (Final Jabil Quote) Schedule 3 — Quality and Test Procedures Schedule 4 — Non-Disclosure Agreement Schedule 5 — Company Marks Schedule 6 — Company Quarter End Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Exchange Act — [*] denotes omissions.