Business Unit Sample Clauses
The 'Business Unit' clause defines the specific division, department, or segment within an organization that is relevant to the agreement or contract. It typically clarifies which part of a company is responsible for fulfilling obligations, receiving benefits, or being subject to certain terms. For example, it may specify that only the software division of a corporation is involved in a licensing agreement, rather than the entire company. This clause ensures clarity by precisely identifying the organizational scope of the contract, thereby preventing misunderstandings about which entity is accountable or entitled under the agreement.
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Business Unit. The obligations of TRPL under this Agreement are obligations of the Business Unit and MAXYGEN acknowledges that nothing in this Agreement binds any other Business Unit of TRPL in so far as the obligations of TRPL relate to the conduct of the Project.
Business Unit. The term “Business Unit” as used in this Agreement shall mean each business segment, business, line of business, or business group of the Company or of any of its subsidiaries, affiliates or joint ventures: (A) in which, at any time during the three years prior to the Separation Date, Employee worked on behalf of the Company or of such subsidiaries, affiliates or joint ventures, and/or (B) which reported to Employee or which Employee supervised, managed or led, at any time during the two (2) years prior to the Separation Date
Business Unit. 2.1. Seller hereby sells to Buyer, and Buyer hereby acquires from Seller, the Business Unit, which is transferred with all rights, title and interests therein, so that Buyer is entitled as from the date hereof to use and enjoy it as it deems proper.
2.2. In view of the foregoing, as of the date hereof the Business Unit is fully transferred to Buyer according to the applicable legal procedures under articles 1142 et seq. of the Civil Code, and Buyer succeeds Seller in all rights and obligations relating to the Business Unit as expressly provided for in this Agreement, subject to Section 9.1.(iii) of this Agreement, and Buyer automatically sub-rogates Seller to all agreements relating to the Business Unit to which Seller is a party (as identified in Exhibit 7.9 of this Agreement), according to article 1148 of the Civil Code.
2.3. KSR’s income verified up to the date hereof belongs to Seller. The Parties agree that Seller shall be liable for all obligations due and payable to the date hereof (inclusive). Buyer shall be liable for any amounts due and payable after such date and which are not deemed to be Contingency.
2.4. Seller shall remain liable for any and all principal and accessory tax obligations resulting from the Business Unit for any taxable period ended before the date hereof.
Business Unit. The Road Space Management (RSM) is responsible for maintaining and operating the circa. 6,000 traffic signal installations in London. Of these 3,000 are linked to the Directorate Urban Traffic Control (UTC) system, the majority of which run dynamic UTC SCOOT control, whilst the remainder operate UTC Fixed Time. The other circa. 3,000 operate under local control i.e. CLF, VA or MOVA control. The vast majority of London’s signals have pedestrian facilities.
Business Unit a fee based service provider model has been established for providing services to the farmers, CFUGs and other enterprises. Orientation conducted in the districts.
Business Unit. This is the five-digit VISION General Ledger Business Unit associated with the Granting Agency.
Business Unit. Location
Business Unit. A separate credit will be made for each standard violated (▇▇▇▇▇ and/or SAIDI) such that a customer on a feeder violating both standards would be credited $40. These credits will be prorated if the guarantee for this standard exceeds the total guarantee expressed above. The sum of these credits will not exceed the maximum amount of the service reliability guarantee for each of the Business Units.
Business Unit. For purposes of this Agreement, “Business Unit” shall mean a subsidiary or a business division or business segment of the Company. For the avoidance of doubt, a Change in Control pursuant to Section 9(e)(vi) shall not apply to Executive.
Business Unit. The license granted is for the benefit of the Business Unit identified on the Order Form (which may be the entire entity, a department, region, etc.), Any individual assigned to such Business Unit or performing work on its behalf pursuant to a written agreement may access the Software in connection with his or her duties. Code Climate does not automatically adjust the license fee based on the number of individuals from such Business Unit accessing the Software, but if there is a material increase in the demand on the Software for such Business Unit during the Term (i.e., a consolidation of teams as a result of a re-organization, merger, or other corporate event), the parties will engage in good faith discussions to equitably adjust the fees to reflect such event.