COMPANY PRINCIPLES Clause Samples
The COMPANY PRINCIPLES clause defines the fundamental values, standards, or ethical guidelines that govern the company's operations and decision-making. Typically, this clause outlines expectations for behavior, such as integrity, respect, compliance with laws, and commitment to quality or sustainability, and may apply to employees, contractors, or business partners. Its core function is to establish a clear framework for conduct within the organization, promoting a consistent culture and helping to prevent misconduct or misunderstandings about acceptable practices.
COMPANY PRINCIPLES. F or many years, AECL's compensation programs have operated under four main principles as briefly described below. As of January 1996, these principles are under review by the AECL Board of Directors and Executive and may be subject to revision or change. The Company’s four operating principles and their meaning follow: 3Chalk River Professional Employees Group 4Certified Scientists and Engineers CSE Compensation System Page 3
2.1 External Comparability
COMPANY PRINCIPLES. (a) The COMPANY shall be formed in such a manner as to comply with reasonable criteria of profitability and financial capacity, so as to ensure to the fullest extent possible that the Parties can get a fair return on investment in a reasonably timely manner, consistent with the Business Plan. (b) [***].