Basic Concept. Subject to Sections 8.6(a) and 8.6(b), the Parties shall share all Operating Profits and all Operating Losses (as applicable) for each Product in the U.S. on a [****]* to BMS, [****]* to PDL basis. Specifically, the Net Sales of Product in the U.S. shall be allocated first to reimburse each Party for its share of Allowable Expenses for Product in the U.S., which shall be allocated [****]* to BMS and [****]* to PDL, and any remaining sums, shall be Operating Profit or Operating Loss (as applicable), which shall be shared as follows: [****]* by BMS and [****]* by PDL. For clarity, any upfront fees, milestone payments or royalties payable to Third Parties that are subject to Section 8.6(a) or 8.6(b) shall not be allocable to Development Costs or Allowable Expenses.
Basic Concept. The Parties shall share equally all Operating Profits and all Operating Losses (as applicable) for each Co-Developed Product in the U.S. Specifically, the Net Sales of such Product in the U.S. shall be allocated first to reimburse each Party for fifty percent (50%) of its Allowable Expenses for such Product in the U.S., and any remaining sums, shall be Operating Profit or Operating Loss (as applicable), which shall be shared fifty percent (50%) by each Party. The JFC will determine future financial flows regarding the sharing of Operating Profits and Allowable Expenses consistent with the first sentence of this Section 8.2(a) and with each Party’s then existing tax and transfer pricing policies.
Basic Concept. In determining whether work should be contracted out or accomplished by the employees the guiding principle is that work the employees can do, or can be reasonably trained to do, shall be performed by the employees. Accordingly, the Company shall not contract out work for performance inside or outside Xxxxxxxx Works unless it demonstrates that such work meets one of the following exceptions.
Basic Concept of the cluster-head or possible authority. This issue is out of scope in this paper. We assume that nodes of each cluster have already agreed on their own group key through GKA protocol and thus, two different group keys are maintained in ad-hoc networks. These group keys will be referred to as the established group key in the rest of paper. In this model, finally we assume two clusters intend to merge themselves.
Basic Concept. Agents are those who sell on account of others and generally are paid a commission on sales by the foreign supplier. Distributors buy and resell on their own account and the profit results from the differential, which is received directly from the final customer. There are not many practical variations to those generalized concepts in the Dominican Republic.
Basic Concept. 3.1.1 Participants will pursue a dual-track SALIS to address both the NATO and EU assured access requirements for outsized cargo and their individual national needs for outsized air lift flying hours and assured access to them.
Basic Concept. The basic objectives and goals of continuing education are the growth of knowledge, cultivation of skills, and greater understanding, with a continual striving for excellence in chiropractic care, and improvement in the health and welfare of the public. [Eff and comp 6/28/85; am and comp 6/1/89] (Auth: HRS §442-5) (Imp: HRS §442-11)
Basic Concept. The Seller operates the Existing Facility to provide the Company with thirty (30) MW of energy under the Current PPA. The Seller will design, construct, permit, own, operate and maintain the Expansion Facility at the Site to provide an additional eight (8) MW of energy to the Company under this Agreement. The Seller will also use the Expansion Facility to partially supplement some of the Seller’s obligations under the Current PPA as well as meet certain operational requirements and dispatch rights from the Seller to the Company. During the Term, the Committed Capacity from that Expansion Facility will be sold to the Company under the Company Dispatch for use in the Company’s System. The Expansion Facility shall be designed, constructed, permitted, operated and maintained by the Seller so that it will be available by the Commercial Operation Date Deadline and thereafter meet its Firm Obligation to be available for service within the parameters set forth herein. In addition, the Existing Facility shall be modified to meet certain operational requirements and dispatch rights from the Seller to the Company.
Basic Concept. 2.1. The following terms have the following meanings for the purposes of this Agreement:
Basic Concept. Academic freedom shall be guaranteed to teachers in the study, investigation, presentation and interpretation of facts and ideas concerning man, human society, the physical and biological world, and other branches of learning subject to accepted standards of professional responsibility with due regard to the maturity level of the student, District rules and policies, and the laws of the State of Oregon. The Board retains the right to set the curriculum for the District.
