Cost Reduction Plans Clause Samples
Cost Reduction Plans. Without limiting the generality of Section 6.1, the Company covenants that beginning on the date hereof until Cartesian is satisfied, acting reasonably, with the implementation and execution of the Cost Reduction Plan, the Company will reimburse Cartesian for up to One Hundred and Seventy-Five Thousand Dollars ($175,000) per year of all costs related to a Cartesian employee who will spend fifty percent (50%) of such individual’s working time assisting the Company with such implementation and execution. For the avoidance of doubt, such costs shall be inclusive of such individual’s compensation as well as all other costs related to Cartesian employing such individual.
Cost Reduction Plans. Manufacturer shall develop a cost reduction plan for all products based on material and labor cost reductions. Such plans shall be reviewed by both Parties and mutually agreed upon twice a year, The goal for cost reduction is 5% (five percent) annually, but Manufacturer does not guarantee that such 5% cost reductions can be achieved annually.
Cost Reduction Plans. The Parties shall cooperate to develop and implement cost reduction plans for the Products.
Cost Reduction Plans. Cartesian shall be reasonably satisfied with the Company’s plans to launch a zero-based budgeting and asset sale exercise to ensure the Company maintains at least 18 months of operating capital (the “Cost Reduction Plan”).
Cost Reduction Plans. Cartesian shall be reasonably satisfied with the Company’s plans to launch a zero based budgeting and asset sale exercise [Redacted: remainder of commercial term which, if disclosed, would be seriously prejudicial to the interests of the parties hereto] (the “Cost Reduction Plan”). [Note: Waived by Cartesian with respect to the Convertible Note Closing in the Amending Agreement.]