DPD Clause Samples
The DPD (Days Past Due) clause defines the criteria and consequences for when a payment or obligation is considered overdue by a specified number of days. Typically, this clause outlines the exact period after the due date—such as 30, 60, or 90 days—at which point the account is classified as delinquent, and may trigger additional actions like late fees, interest charges, or escalation procedures. By clearly establishing when an account is in default, the DPD clause helps both parties understand their responsibilities and the timeline for addressing overdue payments, thereby reducing ambiguity and facilitating effective credit management.
DPD. You will also hold confidential any confidential information of any customer, prospective customer, vendor or other person, if you are told or if you know that the information is confidential. You will not use any Trade Secrets of TriNet VCO other than for the benefit of TriNet VCO, and you will not use any confidential information of any customer, prospective customer, vendor or other person other than for the benefit of such customer, vendor or other person if such disclosure is required in the performance of your normal work duties. These terms and conditions of this paragraph 3 are subject to further definition and requirements in the separate Proprietary Information & Inventions Agreement ("PIIA") which you may be required to execute. Your signature below constitutes your consent that the obligations herein may be expanded or otherwise modified by virtue of said ▇▇▇▇.
DPD. 990706 July 23, 1999 Page 10 of 13 EMPLOYMENT LETTER EXHIBIT A DESCRIPTION OF TRADE SECRETS . Employee list and all information contained in employee records . Vendor list and all information contained in vendor records . Customer list and all information contained in customer/subscriber records . Prospective Customer list and all information contained in prospective customer/subscriber records . Stockholder list and all information contained in stockholder records . All information concerning the financial condition of the Company, including information contained in any income statement, balance sheet or other internal financial report. . Marketing plans and strategies of the Company, including information pertaining to prospective customers.
DPD. Notwithstanding anything to the contrary herein, during the Term, McKesson agrees to sell, supply and deliver to Rite Aid, subject to availability and upon Rite Aid's Orders therefor from time to time, upon the terms and subject to the conditions of this Agreement, any Product for DPD, at the prices and on the terms applicable to DSD purchases hereunder. McKesson recognizes that as of the Effective Date, McKesson will be the second source for DPD after Rite Aid warehouses and Cardinal Health, Inc. Sales for DPD will not be included in any of the service level calculations for purposes of the Service Level Agreement.
DPD. Denmark Any Orders which are placed on a Friday, Saturday, Sunday or a public holiday in Denmark shall be processed as of the following Monday or as of the next working day. The delivery timescales are expressed in working days and shall vary depending on the destination of the goods. Without prejudice to the provisions hereinbefore and for information only, the delivery times generally noted for the various forms of delivery are as follows: - 4 (four) working days for “Express” deliveries bound for addresses in Denmark as from the confirmation of the Customer’s Order by the Vendor. In order to benefit from Express delivery, the Order must be placed by the Customer and confirmed by the Vendor before midday. - 5 (five) working days in the case of “Standard” deliveries bound for addresses in Denmark as from the confirmation of the Customer’s Order by the Vendor. - 7 (seven) working days in the case of “Collect point” deliveries bound for addresses in Denmark as from the confirmation of the Customer’s Order by the Vendor.
DPD. 990706 July 23, 1999 Page 3 of 13
DPD. TriNet VCO GENERAL EMPLOYMENT TERMS & CONDITIONS Name: Position: Date of Offer: July 23, 1999 Scheduled Commencement Date: May 19, 1999
1. Compensation: Your base salary is $_______ per year, payable semi-monthly, which represents an increase over your prior salary level, and constitutes adequate consideration for the execution of this contract. As further incentive, you will be granted an additional ______ qualified options to purchase TriNet VCO's (the "Company") common stock subject to the vesting schedule, terms and conditions of TriNet VCO's Stock Option Plan, option agreement, and subject to approval of the Company's Board of Directors. Further, the Company will supply you with additional life insurance in a face value amount not less than $500,000. In addition to these compensation components, it is anticipated that you will be eligible for annual bonus payments, subject to the Company's profitability, its anticipated performance, your contribution to that performance, the discretion of your manager, and the approval of the Board of Directors. The current budget calls for such bonus to be in the range of $25,000, but your signature on this document constitutes your acknowledgement that there is no guarantee of payment.
DPD felony involving moral turpitude which is reasonably likely to inflict or has inflicted material injury on the Company.
DPD. EXHIBIT B LIMITED EXCLUSION NOTIFICATION This is to notify you in accordance with Section 2872 of the California Labor Code that the foregoing Agreement between you and the Company does not require you to assign or offer to assign to the Company any invention that you developed entirely on your own time without using the Company's equipment, supplies, facilities or trade secret information except for those inventions that either:
1. Relate at the time of conception or reduction to practice of the invention to the Company's business, or actual or demonstrably anticipated research or development of the Company;
2. Result from any work performed by you for the Company.
DPD. ___________________________ ___________________ Hiring Manager, Title Date
DPD uses related to the performance of your job, you will not remove from TriNet VCO premises any Company Property without written consent of your manager. In the event of your termination of employment, or at any time at the request of the Company, you will return all Company Property. You will also return all copies of Company Property, and any work product derived from Company Property.