Control Mechanisms Sample Clauses

Control Mechanisms. Repair shop control uses the priority rule Earliest-Due-Date to adhere to the Lead-time interface agreement. The part which has the earliest due-date is repaired first. The due- date is the arriving date plus the lead-time. Inventory control assigns different lead-times to parts. The mechanism behind the assignment of lead-times is based on Song & ▇▇▇▇▇▇ (2009). Before the actual assignment is explained, first the model of Song & ▇▇▇▇▇▇ is explained shortly. 1. In this figure an inventory location is displayed. When parts need to be repaired, they are sent into repair. The repair process is not displayed in the figure. Only the two different lead-times a part that can be assigned to a part when it goes into repair, are displayed. For repair there are two different lead-times; the regular lead-time, Lr + Le and the shorter emergency lead-time, Le. These lead-times are assumed to be constant. The lead-time is the total time it needed to repair a SKU, including the transportation back to the inventory location. In the model it is assumed that the demand follows a Poisson process (Song & ▇▇▇▇▇▇, 2009).
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Control Mechanisms. Plan of organization, methods and related measures adopted within a business in order to safeguard its assets, verify the exactitude and reliability of the accounting information, promoting operational efficiency and encouraging the follow up of its administrative policies. They can be divided in administrative controls and accounting controls. Administrative controls include the proceedings and registers concerning the decision-making process that precede authorization of operations on the part of the management. Accounting controls include relevant proceedings regarding the safeguard of assets and reliability of accounting registers, in order to provide reasonable security that the operations are carried out in accordance to the general or specific policies of the organization and that operations are registered according to applicable accounting standards.
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Control Mechanisms. The state of formal control mechanisms that explicitly regulate corruption appears to be weak. About 80 per- cent of faculty members report that they have never read rules explicitly regulating activities such as charging stu- dents or accepting gifts or services for grades. Similarly, about 90 percent of students report they never read any rules that explicitly regulate faculty-student exchange of money, gifts, or services for grades. University offi-
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Control Mechanisms i+solutions has put in place several operational policies in order to ensure that all staff members, (sub)contractors, external consultants and suppliers have at their disposal the necessary information to operate in an ethical, fair and professional environment on all locations i+solutions operates. These are: - Terms of Employment - Anti-harassment & bullying policy - Whistle-blower policy ANNEX I To the Code of Conduct: Ethical Trading Initiative Base Code The ETI Base Code • There is no forced, bonded or involuntary prison labour. • Workers are not required to lodge "deposits" or their identity papers with their employer and are free to leave their employer after reasonable notice.
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Control Mechanisms 
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Related to Control Mechanisms

  • Purchase Mechanism If the Focus Investor exercises its rights provided in this Section 4.5, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

  • Adjustment Mechanism If an adjustment of the Exercise Price is required pursuant to this Section 6 (other than pursuant to Section 6.4), the Holder shall be entitled to purchase such number of shares of Common Stock as will cause (i) (x) the total number of shares of Common Stock Holder is entitled to purchase pursuant to this Warrant following such adjustment, multiplied by (y) the adjusted Exercise Price per share, to equal the result of (ii) (x) the dollar amount of the total number of shares of Common Stock Holder is entitled to purchase before adjustment, multiplied by (y) the total Exercise Price before adjustment.

  • CONSULTATIVE MECHANISMS 11.1 Effective consultation is essential for continuous workplace reform and such consultation can take place at any time during the life of a project. Consultative Committees may be set up on larger projects for this purpose. The Consultative Committee will operate for the purpose of continually assessing the efficiency of working arrangements, monitoring the outcomes of this Agreement, coordinating training activities and sharing pertinent information.

  • Validation Mechanism To be eligible for articulation, the student must show evidence of their CompTIA A+ certification and it must have been issued within three (3) years prior to their enrollment in the program.

  • Reorganization Events (a) In the event that, prior to the Mandatory Conversion Date there occurs: (i) any consolidation, merger or other similar business combination of the Corporation with or into another Person, in each case pursuant to which the Common Stock will be converted into cash, securities or other property of the Corporation or another Person; (ii) any sale, transfer, lease or conveyance to another Person of all or substantially all of the property and assets of the Corporation, in each case pursuant to which the Common Stock will be converted into cash, securities or other property of the Corporation or another Person; or (iii) any reclassification of the Common Stock into securities including securities other than the Common Stock; (any such event specified in this Section 11(a), a “Reorganization Event”), then each share of Series B Preferred Stock outstanding immediately prior to such Reorganization Event shall remain outstanding but shall automatically convert, effective as of the close of business on the Mandatory Conversion Date, into the type and amount of securities, cash and other property receivable in such Reorganization Event by the holder (excluding the counterparty to the Reorganization Event or an Affiliate of such counterparty) of that number of shares of Common Stock into which the share of Series B Preferred Stock would then be convertible (and for the purpose of such calculation, shares of Common Stock sufficient for the full conversion of all shares of Series B Preferred Stock shall be deemed to be authorized for issuance under the Certificate of Incorporation on such date) (such securities, cash and other property, the “Exchange Property”). (b) In the event that holders of the shares of Common Stock have the opportunity to elect the form of consideration to be received in such transaction, the consideration that the Holders are entitled to receive shall be deemed to be the types and amounts of consideration received by the majority of the holders of the shares of Common Stock that affirmatively make an election. The amount of Exchange Property receivable upon conversion of any Series B Preferred Stock in accordance with Section 8 shall be determined based upon the Conversion Price in effect on the date of consummation of the Reorganization Event. (c) The above provisions of this Section 11 shall similarly apply to successive Reorganization Events and the provisions of Section 10 shall apply to any shares of capital stock of the Corporation (or any successor) received by the holders of the Common Stock in any such Reorganization Event. (d) The Corporation (or any successor) shall, within twenty (20) days of the occurrence of any Reorganization Event, provide written notice to the Holders of such occurrence of such event and of the kind and amount of the cash, securities or other property that constitutes the Exchange Property. Failure to deliver such notice shall not affect the operation of this Section 11. (e) Notwithstanding anything to the contrary in this Section 11 or otherwise in this Certificate of Amendment, the Corporation shall not enter into any agreement for a transaction constituting a Fundamental Change unless such agreement (i) entitles Holders to receive, on an as-converted basis, the securities, cash and other property receivable in such transaction by a holder of shares of Common Stock that was not the counterparty to such transaction or an Affiliate of such other party as described in Section 11(a), (ii) provides that each share of Series B Preferred Stock shall be converted into the number of shares of Common Stock as provided in Section 8 or (iii) provides that (1) the Series B Preferred Stock remains outstanding or, in the case of any such merger or consolidation with respect to which the Corporation is not the surviving or resulting entity, is converted into or exchanged for preferred securities of the surviving or resulting entity or its ultimate parent, that is an entity organized and existing under the laws of the United States of America, any state thereof or the District of Columbia, and (2) such Series B Preferred Stock remaining outstanding or such preferred securities, as the case may be, have such rights, preferences, privileges and voting powers, taken as a whole, as are not materially less favorable to the Holders thereof than the rights, preferences, privileges and voting powers of the Series B Preferred Stock, taken as a whole. For the avoidance of doubt, nothing herein shall prohibit the Corporation from entering into or consummating a transaction constituting a Fundamental Change provided that the Series B Preferred Stock is treated as set forth in the preceding sentence.