Cost Reduction Programs Clause Samples

A Cost Reduction Programs clause establishes the framework for implementing initiatives aimed at lowering expenses within a business relationship or contract. Typically, this clause outlines the methods by which cost-saving measures will be identified, evaluated, and executed, and may specify targets, reporting requirements, or shared responsibilities between the parties. Its core practical function is to encourage ongoing efficiency and savings, ensuring that both parties benefit from reduced costs and improved operational effectiveness over the course of the agreement.
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Cost Reduction Programs. FLEXTRONICS shall use its commercially reasonable efforts in accordance with its customary practices to implement a price reduction program that targets the reduction of the cost of specific components included in the manufacturing process for the Products and the improvement of the efficiency of the manufacturing process.
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Cost Reduction Programs. During the term of this Agreement, the Union will support Management in developing cost effective programs. Such programs may include reduced services and/or the leasing or subcontracting of District services to other parties after these concepts are studied by Management, and with such application as may be approved by Management. Any reduction in force resulting from these programs shall follow procedures in the section of this Agreement entitled LAYOFFS.
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Cost Reduction Programs. (i) DRA and GM shall use their best efforts to identify and implement productivity and other improvements to reduce DRA's cost of producing the Components. Beginning in the second model year after DRA's transition out of GM (i.
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Cost Reduction Programs. Neoprobe hereby agrees that it shall use its best reasonable efforts to minimize the costs of manufacturing the Products to the extent it may do so without compromising the quality and/or regulatory status of the Products or compliance with the terms of this Agreement. Each Party will reasonably cooperate with the other Party in the pursuit of cost reduction programs in the manufacture of the Products. Each Party shall inform the other party of cost reduction initiatives related to the manufacture of Products within fourteen (14) days after cost reduction initiatives have begun. The resulting savings will initially be allocated to the Party that has incurred documented costs until such costs have been recovered. Thereafter, *** of the savings shall be allocated to the Party which has initiated and funded the cost reduction program.
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Cost Reduction Programs. During the term of this agreement, the Union will aggressively assist Management in developing cost reduction programs. Such programs may include voluntary reduced hours/pay after this concept is studied by Management, and with such application as may be approved by Management. ARTICLE XXV - Term This Memorandum of Agreement shall take effect on ratification and signing by the parties, and shall expire on June 30, 2017. Either party may serve written notice upon the other party during the period between ninety and sixty days prior to its expiration date, of its desire to amend this Memorandum of Agreement. If, at the time this Memorandum of Agreement would otherwise terminate, the parties are negotiating a new Memorandum of Agreement, upon mutual agreement of the Union and the City Manager the terms and conditions of this Memorandum shall continue in effect. CITY OF PALO ALTO AND SEIU LOCAL 521-HOURLY UNIT January 1, 2012-June 30, 2017 FOR LOCAL 521, SEIU: ▇▇▇▇ ▇▇▇▇▇▇, Chief Spokesperson SEIU Worksite Organizing Director ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Chief ▇▇▇▇▇▇▇ FOR CITY OF PALO ALTO: Human Resources Representative CITY OF PALO ALTO AND SEIU LOCAL 521-HOURLY UNIT January 1, 2012-June 30, 2017 Performs administrative work that requires advanced skills or knowledge in support of a department/division or program. Performs more complex administrative work that requires advance skills or knowledge in specialized software programs and data analysis in specialized areas in support of a department/division or program. Two years of experience equivalent to that of an Administrative Specialist I.
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Cost Reduction Programs. Seller will cooperate with Buyer to devise process and materials improvements, including relocation of manufacturing to lower cost facilities, that permit a reduction in the unit costs of Products with a targeted goal of an overall annual Seller-initiated cost reduction of 5%. At least annually, Seller shall furnish to Buyer a specific cost reduction plan identifying Seller’s proposed cost reduction initiatives. Buyer and Seller will meet at least quarterly to identify cost reduction opportunities in internal processes and component material purchase prices. Cost savings achieved as a result of Seller’s proposals shall be (i) retained fully by Seller for a period of six (6) months from the date that the cost reduction is realized by the Seller and that any implementation costs borne by Seller are recovered, and (ii) inure fully to the benefit of the Buyer thereafter. Cost savings achieved as a result of Buyer’s proposals shall be passed on to Buyer at the point that the cost savings are realized by Seller, and after any of Seller’s inventory of Product or component material Inventory produced or purchased at a higher cost is consumed.
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Related to Cost Reduction Programs

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Commercial Price List Reductions Where NYS Net Prices are based on a discount from Contractor’s list prices, price decreases shall take effect automatically during the Contract term and apply to Purchase Orders submitted on or after the date Contractor lowers its pricing to its customers generally or to similarly situated government customers during the Contract term; or

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain:

  • Long Term Cost Evaluation Criterion # 4 READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not i ncrease your catalog prices (as defined herein) more than X% annually over the previous year for years two and thr ee and potentially year four, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIP S, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentati on, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from th e “Attachments” section, complete according to the instructions on the form, then uploading the completed form, wit h any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they ma y apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email ▇▇▇▇ ▇▇▇▇▇▇ at TIPS at ▇▇▇▇.▇▇▇▇▇▇@t ▇▇▇-▇▇▇.▇▇▇

  • Long Term Cost Evaluation Criterion # 4. READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not i ncrease your catalog prices (as defined herein) more than X% annually over the previous year for years two and thr ee and potentially year four, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIP S, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentati on, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from th e “Attachments” section, complete according to the instructions on the form, then uploading the completed form, wit h any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they ma y apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email ▇▇▇▇ ▇▇▇▇▇▇ at TIPS at ▇▇▇▇.▇▇▇▇▇▇@t ▇▇▇-▇▇▇.▇▇▇ If the vendor is awarded a contract with TIPS under this solicitation, the vendor agrees to make any Choice of Law c lauses in any contract or agreement entered into between the awarded vendor and with a TIPS member entity to re ad as follows: "Choice of law shall be the laws of the state where the customer resides" or words to that effect. Agreed In the event of litigation or use of any dispute resolution model when resolving disputes with a TIPS member entity a s a result of a transaction between the vendor and TIPS or the TIPS member entity, the Venue for any litigation or ot her agreed upon model shall be in the state and county where the customer resides unless otherwise agreed by the parties at the time the dispute resolution model is decided by the parties. Agreed