CTC Clause Samples
The CTC (Cost to Company) clause defines the total compensation package that an employee receives from an employer, encompassing all monetary and non-monetary benefits. This typically includes basic salary, allowances, bonuses, employer contributions to retirement funds, and any other perks or benefits provided as part of employment. By clearly outlining the full value of the compensation, the CTC clause ensures transparency for both parties and helps prevent misunderstandings regarding salary structure and entitlements.
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CTC. Neither CTC nor any Affiliates that it controls shall participate directly or indirectly in the Auction (including by providing debt or equity financing or other assistance to a bidder) except as a Member of the Company. So long as they hold Interests and thereafter until they have certified to the other Members as to the return or destruction of any Confidential Information of the Company pursuant to Section 11.2, neither CTC nor any Affiliates that it controls shall (except as set forth on Schedule 2) directly or indirectly own FCC licenses to provide wireless voice or data telephony in the Restricted Territory, or "attributable interests" (as defined in any applicable FCC Rules) in such licenses, or otherwise compete with the Company in the Restricted Territory; provided, that (1) CTC and its Affiliates may, subject to the provisions of Section 11.2, participate in, and acquire licenses in, the FCC's auction of licenses in the 747-762 and 777-792 MHz band (Auction No. 31); (2) this provision shall not require CTC or its Affiliates to divest themselves of FCC licenses set forth on Schedule 2 or FCC licenses acquired in any geographic territory (outside the Company Territory) prior to the time that such territory becomes part of the AWS Territory; and (3) CTC and its Affiliates may own up to three percent of the equity securities of a public company or, if less, that number of shares which, combined with other rights granted to CTC or such Affiliate, do not give CTC or such Affiliate the right to designate a member of the board of directors of such company.
CTC. Career credit is the type of credit assigned to courses or course equivalent learning that is part of an organized and specified program leading to a career certificate. It applies to postsecondary adult career courses. One (1) career credit is based on the learning expected from the equivalent of thirty (30) hours of instruction.
CTC. (a) Cosan and the Sugar and Ethanol Co shall use their respective reasonable best efforts to procure an amendment to Section 2.1.2 of the CTC Shareholders’ Agreement to enable each of them to act individually with respect to their rights as shareholders of CTC thereunder (the “Amendment”).
(b) Notwithstanding the provisions of Section 7.12(a) and pursuant to Section 3.2 of the CTC Shareholders’ Agreement, Cosan and the Sugar and Ethanol Co agree that they shall jointly appoint the COO to serve as their representative on the board of directors of CTC for the first two initial successive two year terms and (to the extent agreed by each of Cosan and the Sugar and Ethanol Co in respect of any subsequent term) any subsequent term. In the event that there is a disagreement between Cosan and the Sugar and Ethanol Co with respect to the appointment of the COO for any subsequent term, then the right to appoint the representative on the board of directors of CTC shall alternate between Cosan and the Sugar and Ethanol Co for a two-year period, with Cosan having the first right of appointment.
(c) Except as set forth in Section 7.12(d), Cosan and the Sugar and Ethanol Co shall consult with each other on all matters which require a shareholder vote or a vote of their member on the board of directors of CTC as provided under the terms of the CTC Shareholders’ Agreement or the by-laws of CTC; provided that the Sugar and Ethanol Co shall make the final determination with respect to all such matters.
(d) Notwithstanding the foregoing provisions of this Section 7.12, if the Amendment has occurred, with respect to any matter that requires the vote of the shareholders of CTC that relates to the payment of dividends by CTC, the initial public offering of CTC, the merger of CTC with another entity or any matter which bears upon the economic ownership of equity in CTC, Cosan and the Sugar and Ethanol Co shall be free to vote individually as shareholders of CTC and shall not be required to consult with each other or vote together as a block.
CTC. Del shall have executed and delivered to the Agent a pledge agreement in form and substance satisfactory to the Agent, granting to the Agent, for the benefit of the Banks, a perfected, first priority security interest in all of the issued and outstanding shares of capital stock of CTC-PR, and CTC-Del shall have delivered to the Agent stock certificates evidencing all of such shares and duly executed blank stock powers in respect thereof and shall have taken all other actions as may be required to effect the grant and perfection of the Agent's security interest in such stock.
CTC. One (1) lecture or laboratory contact hour per week = ten (10) points.
CTC. The authorized capital stock of CTC consists entirely of One Thousand (1,000) shares of Common Stock, no par value, of which a total of One Thousand (1,000) shares are issued and outstanding as of the Agreement Date. No fractional shares of CTC Common Stock are issued or outstanding except as shown on Exhibit B hereto and CTC holds no treasury shares. A list of all of the holders of CTC's outstanding capital stock, and the total number of any class or series of shares of CTC capital stock owned by each such holder is set forth in Exhibit B hereto and C-Co and the C-Co Shareholders own all right, title and interest in and to all of the issued and outstanding shares of CTC's capital stock as set forth in Exhibit B hereto, free and clear of any claim, charge, right of refusal or right of first offer, option, lien, security interest, pledge, escrow, preemptive right, encumbrance or rights of others of any kind. All of the issued and outstanding shares of CTC's capital stock have been duly authorized and validly issued, are fully paid and nonassessable, are not subject to any right of rescission, and have been offered, issued, sold
CTC. CTC and CTC Mundo shall provide CTC Internet with all telecommunications services, and supplemental and related services (such as billing, collection, commercial distribution and other similar services) that they currently provide or will provide in the future, at market conditions and, in all cases, at conditions that are at least equal to the most favorable terms that it provides such services to third parties when requested by CTC Internet. This obligation of CTC and CTC Mundo shall also extend to services provided through subsidiaries. Lastly, since CTC and CTC Mundo are affiliated, they will act diligently and in good faith in order to ensure that such companies provided the services required by CTC Internet under the same conditions as they are obliged to do themselves, as if they provided the services directly. CTC Mundo and CTC agree to preferably use the services of CTC Internet to develop their business activities related to Internet products and services for residential customers. The commitment of CTC and CTC Mundo to preferably use CTC Internet to provide these services shall be subject to said services being provided by CTC Internet at market conditions and, in all cases, at conditions that are at least equal to the most favorable terms that it provides such services to third parties when requested by CTC, CTC Mundo or the companies they control.
CTC. One (1) lecture or laboratory contact hour per week = ten (10) points. 1634 EXAMPLE: 1635 STS 0003 Introduction to Surgical Tech = 226 hours 1636 226 ÷ 16 × 10 = 141.25 Load Points 1637 7. Combination: If a course combines a lecture and laboratory section or a course 1638 combines a lecture and clinical section, points will be awarded on combined contact 1639 hours. 1640 EXAMPLE: 1641 AERC 0006 Automotive Assistor 1 = 150 hours 1642 150 ÷ 16 × 10 = 93.75 Load Points
CTC. CTC has assigned a training manager to co-ordinate and provide overall guidance in terms of strategy, policy standards and priorities as deemed appropriate for the provision of the training services and as a single point of contact. In addition it shall be the responsibility of the training manager to attend to all contractual and operational matters relating to the training services provided in terms of this agreement. The CTC Representative shall be available Monday to Friday, 07H30 to 15H30 in order to liaise with the Company on a day to day basis in respect of services provided by CTC to the Company in terms of this agreement. In the event that the Company requires the assistance of the CTC Representative outside of working hours, they will notify him or her timeously.