Organizational Choice Sample Clauses

Organizational Choice. Unit members have the absolute right to form, join, or participate in the organization(s) of their choice.
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Organizational Choice. The timing of events is as follows. First, the firm chooses the organizational form β ∈ {βV , βO} and the amount of transmitted knowledge δ ∈ [0, 1]. Second, the firm posts a contract for the provision of the customized input, stating the chosen organizational form and knowledge transmission. Both are verifiable by third parties and thus contractible. Third, a large number of identical potential suppliers competitively bid for the contract and the firm selects one among them. Fourth, the selected supplier decides how much to invest in the relationship with the firm, that is, how much to supply of the intermediate input x. Fifth, the firm and the supplier bargain on how to share their joint surplus consisting of revenues from final sales. Sixth and last, final production takes place, output is sold and revenues are shared according to the agreed split rule. Given this timing, the model has to be solved backwards, characterizing first the supplier’s decision on x and then the firm’s decisions of β and δ. As for the former, taking β ∈ {βV , βO} and δ ∈ [0, 1] as given, the supplier chooses x so as to maximize its profit πS = (1 − β) r(x) − c x, (4) where c is the marginal cost of input production, r(x) = θρA1−ρ(δx)ρ is revenues from final sales, and (1 − β) is the supplier’s share of these revenues. The profit-maximizing amount of input supplied 2For example, in the case of protection through patenting, κ(ω, λ) would compound the difficulty of filing and getting a patent approved with the cost of enforcing the patent.

Related to Organizational Choice

  • Organization; Powers Each of the Borrower and its Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required.

  • Organizational Rights CSEA shall have the following rights in addition to the rights specifically contained in other portions of this Agreement:

  • Formation The Company has been organized as a Delaware limited liability company by the filing of a Certificate of Formation (the “Certificate”) under and pursuant to the Act.

  • Organizational Conflict of Interest The guidelines and procedures of FAR 9.5 will be used in identifying and resolving any issues of organizational conflict of interest at the Order level. In the event that an Order requires activity that would create an actual or potential conflict of interest, the Contractor shall:

  • Governing Documents Manager will provide Subadviser with copies of (i) the Trust’s Declaration of Trust and By-laws, as currently in effect, (ii) the Fund’s currently effective prospectus and statement of additional information, as set forth in the Trust’s registration statement under the Investment Company Act and the Securities Act of 1933, as amended, (iii) any instructions, investment policies or other restrictions adopted by the Trustees or Manager relating to its performance of oversight of the Subadviser supplemental thereto, and (iv) the Management Contract. Manager will provide Subadviser with such further documentation and information concerning the investment objectives, policies and restrictions applicable to the Fund as Subadviser may from time to time reasonably request.

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