Cost Improvement Program Sample Clauses
A Cost Improvement Program clause establishes a framework for systematically reducing costs associated with a contract or project over time. Typically, it requires the parties to collaborate in identifying and implementing cost-saving measures, such as process efficiencies, bulk purchasing, or technology upgrades, and may set specific targets or timelines for achieving these savings. The core function of this clause is to incentivize ongoing cost optimization, ensuring that both parties benefit from improved efficiency and reduced expenses throughout the duration of their agreement.
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Cost Improvement Program. Patheon and Client agree to work together to develop cost reduction initiatives as part of an overall cost improvement program, provided such program does not involve additional capital or extraordinary costs unless otherwise agreed to by parties in writing. All net cost savings (net of implementation costs) realized from the cost improvement program will be shared equally among the parties, unless otherwise agreed to by the parties in writing. A “cost reduction initiative” for the purpose of this Agreement will be an initiative that reduces the internal or out-of-pocket costs incurred by a party in connection with the performance of its obligations under this Agreement. It is further agreed by the parties that on-going method improvements developed or adopted by either Client or Patheon independently of the other party(ies), will not be a cost reduction initiative under this section, and there will be no obligation on such party to share the net cost savings realized from such improvement with the other party(ies) to this Agreement. For all Price adjustments under this Section 4.2, Patheon will deliver to Client on or about November 1st of each Year a revised Schedule B to be effective for the next Year.
Cost Improvement Program. Patheon and Client agree to work together to develop cost reduction initiatives as part of an overall cost improvement program, provided such program does not involve additional capital or extraordinary costs unless otherwise agreed to by parties in writing. All net cost savings (net of implementation costs) realized from the cost improvement program [***], unless otherwise agreed to by the parties in writing. A "Cost Reduction Initiative" for the purpose of this Agreement will be an initiative that reduces the internal or out-of-pocket costs incurred by a party in connection with the performance of its obligations under this Agreement. It is further agreed by the parties that on-going method improvements developed or adopted by either Client or Patheon independently of the other party(ies), will not be a cost reduction initiative under this section, and there will be no obligation on such party to share the net cost savings realized from such improvement with the other party(ies) to this Agreement.
Cost Improvement Program. Each year during the Term, Alba’s intention is to reduce the manufacturing cost for Product for each upcoming year by 3 % over the preceding year through Ortho’s and Alba’s Cost Improvement Program (“CIP”). Alba acknowledges that it is familiar with the CIP and is committed toward achieving the targeted reduction each year. Such commitment may be achieved through a number of ways, including but not limited to savings achieved through contract pricing, distribution/storage costs, quality/inspection of Products, waste, overage, Set-up reduction, inventory, design changes, reduction of field service costs, manufacturing tools, manufacturing efficiencies and leveraging from new business opportunities.
Cost Improvement Program. The Parties agree to share cost improvement measures related to the Manufacturing of API. All cost improvement investments specific for such API shall require consent of both Parties. HOVIONE shall be entitled to receive reimbursement for reasonable costs which it incurred in developing such cost improvements measures. Cost improvement benefits concerning such improvements to the Manufacturing of API shall be allocated equitably between the parties and reflected in the Purchase Price.
Cost Improvement Program. Parent will continue its cost improvement program for cannula manufacturing, with the goal, but not a guarantee, of cost reduction. The Joint Operations Group shall discuss cannula production cost improvements in its quarterly meetings until commencement of the Termination Period. The Parties will also discuss in good faith appropriate allocations of any resulting savings, including potential impact on Product Price, after deducting actual, direct and documented costs of the improvement implementation, with any such allocations to be mutually agreed upon by the Parties.
Cost Improvement Program. Patheon and PGx agree to work together to develop cost reduction initiatives as part of an overall cost improvement program, provided such program does not involve additional capital or extraordinary costs unless otherwise agreed to by parties in writing. All net cost savings (net of implementation costs) realized from the cost improvement program will be [*]. A “cost reduction initiative” for the purpose of this Agreement will be an initiative that reduces the internal or out-of-pocket costs incurred by a party in connection with the performance of its obligations under this Agreement. It is further agreed by the parties that on-going method improvements developed or adopted by either PGx or Patheon independently of the other party(ies), will not be a cost reduction initiative under this section, and there will be no obligation on such party to share the net cost savings realized from such improvement with the other party(ies) to this Agreement.
Cost Improvement Program. Each year during the Term, ▇▇▇▇’s intention is to reduce the manufacturing cost for Product for each upcoming year by 3 % over the preceding year through Ortho’s and Alba’s Cost Improvement Program (“CIP”). ▇▇▇▇ acknowledges that it is familiar with the CIP and is committed toward achieving the targeted reduction each year. Such commitment may be achieved through a number of ways, including but not limited to savings achieved through contract pricing, distribution/storage costs, quality/inspection of Products, waste, overage, Set-up reduction, inventory, design changes, reduction of field service costs, manufacturing tools, manufacturing efficiencies and leveraging from new business opportunities.
Cost Improvement Program. Patheon and Sepracor agree to work together to develop cost reduction initiatives as part of an overall cost improvement program, provided such program does not involve additional capital or extraordinary costs unless otherwise agreed to by parties in writing. All net cost savings (net of implementation costs) realized from the cost improvement program shall be shared equally among the parties, unless otherwise agreed to by the parties in writing. A "cost reduction initiative" for the purpose of this Agreement shall be an initiative that reduces the internal or out-of-pocket costs incurred by a party in connection with the performance of its obligations under this Agreement. It is further agreed by the parties that on-going method improvements developed or adopted by either Sepracor or Patheon independently of the other party(ies), shall not be a cost reduction initiative under this Section 4.6, and there shall be no obligation on such party to share the net cost savings realized from such improvement with the other party(ies) to this Agreement.
Cost Improvement Program. Both parties will, in good faith, negotiate to develop and implement a program to reduce costs ("Cost Improvement Program"). This Cost Improvement Program is intended to lower costs while maintaining or improving quality, service and productivity. The parties agree in principle that the economic benefit of any actions taken pursuant to a Cost Improvement Program shall be shared with ninety percent (90%) of such benefit accruing to Camp▇▇▇▇.