Economic Process Clause Samples

The "Economic Process" clause defines the procedures and mechanisms by which financial transactions, obligations, or calculations are managed within an agreement. Typically, this clause outlines how payments are to be made, how costs are allocated, or how economic adjustments (such as price changes or revenue sharing) are determined between the parties. For example, it may specify the timing of payments, the method for calculating fees, or the process for handling changes in economic conditions. The core function of this clause is to ensure transparency and predictability in the financial aspects of the contract, thereby reducing the risk of disputes and misunderstandings related to economic matters.
Economic Process 

Related to Economic Process

  • Academic Program A. Upon successful completion of the major requirements specified in III. B below, Dakota State University will accept 24 technical course credits from the A.A.S. degree in Business Administration for students majoring in BBA (accounting, business technology, finance, management, marketing). Students must successfully complete the A.A.S. degree in Business Administration from SETC prior to transferring to Dakota State University for the technical course credits to be accepted. General Education coursework is in addition to the 24 technical course credits. Students must meet all Board or Regents policies and university graduation requirements in order to receive a degree. B. Requirements to be completed at Dakota State University to earn a Bachelor of Business Administration degree (accounting, business technology, finance, management, marketing) are outlined below. BADM 220 Business Statistics (3 credits) BADM 310 Business Finance (3 credits) BADM 321 Business Statistics II (3 credits) BADM 344 Managerial Communications (3 credits) BADM 350 Legal Environment of Business (3 credits) BADM 360 Organization and Management (3 credits) BADM 405 International Trade and Finance (3 credits) BADM 425 Production and Operations Management (3 credits) BADM 482 Business Policy and Strategy (3 credits) CIS 325 Management Information Systems (3 credits) SOC 285 Society and Technology (3 credits) ECON 201 Principles of Microeconomics (3 credits) ECON 202 Principles of Macroeconomics (3 credits) Choose one course from the following (3 credits) CIS 123 - Problem Solving and Programming (3 credits) CIS 130 - Visual Basic Programming (3 credits) CSC 150 - Computer Science I (3 credits) Choose three credits from the following (1 credit each): CIS 206 Advanced Applications: CIS 207 Advanced Applications: Spreadsheets CIS 208 Advanced Applications: Database CIS 209 Advanced Applications: SAS CIS 210 QuickBooks I The 30 credits must meet System General Education requirements and be selected from the approved list of courses specified in BOR policy 2:7. * Note: Transferable general education course credits can be completed at MTC.

  • Cooperation with Economic Studies If ICANN initiates or commissions an economic study on the impact or functioning of new generic top-­‐level domains on the Internet, the DNS or related matters, Registry Operator shall reasonably cooperate with such study, including by delivering to ICANN or its designee conducting such study all data related to the operation of the TLD reasonably necessary for the purposes of such study requested by ICANN or its designee, provided, that Registry Operator may withhold (a) any internal analyses or evaluations prepared by Registry Operator with respect to such data and (b) any data to the extent that the delivery of such data would be in violation of applicable law. Any data delivered to ICANN or its designee pursuant to this Section 2.15 that is appropriately marked as confidential (as required by Section 7.15) shall be treated as Confidential Information of Registry Operator in accordance with Section 7.15, provided that, if ICANN aggregates and makes anonymous such data, ICANN or its designee may disclose such data to any third party. Following completion of an economic study for which Registry Operator has provided data, ICANN will destroy all data provided by Registry Operator that has not been aggregated and made anonymous.

  • CULTURAL DIVERSITY The Cultural Diversity Requirement generally does not add units to a student's program. Rather, it is intended to be fulfilled by choosing courses from the approved list that also satisfy requirements in other areas of the student’s program; the exception is that Cultural Diversity courses may not satisfy Culture and Language Requirements for B.S. students. For example, COMM 6 – Intercultural Communication, can fulfill (3) units of the Behavioral Science requirement and (3) units of the Cultural Diversity requirement. This double counting of a class may only be done with the Cultural Diversity requirement. Courses in Cultural Diversity may be taken at the lower- division or upper-division level.

  • PROFESSIONAL DEVELOPMENT AND EDUCATIONAL IMPROVEMENT A. Both the Board and the Association encourage teachers to seek professional improvement. In order to assist teachers in extending and improving their skills the following plan will be implemented. B. All Teachers will be encouraged to earn a Masters degree or coursework toward additional certification that is in the field of education and within a teacher's discipline, or in an area that is beneficial to the school. C. The Board will pay teacher's expenses for undergraduate and/or graduate credits, specialty and additional endorsements under the following conditions. 1. In allocating budgeted funds priority will be given to the teachers in a “masters” program and those teachers who need to complete coursework for certification. 2. All courses must be approved, in advance, by the Superintendent. Courses for recertification purposes must be approved in advance by the certification committee and the superintendent. The teacher shall receive a written reply from the Superintendent within ten (10) days of application for course approval (See Appendix D). 3. Each teacher will be eligible for up to six (6) semester hours of credit or, if enrolled in a matriculated, organized program, 12 semester hours of credit for undergraduate will be paid if part of a graduate program or graduate courses per contract year. The Superintendent reserves the right to request intent to take courses prior to final budget preparation. Failure to communicate such intent at the time of the Superintendent’s request may jeopardize course reimbursement due to a lack of funding. 4. The administration will pay in advance the cost of the course. Presentation of evidence of satisfactory completion of the course (A grade of B or better) is the responsibility of the teacher. In the event the course is not completed or not completed satisfactorily, the teacher will refund the payment received in advance and in accordance with Appendix D – attached. 5. Teachers who resign shall not be eligible for reimbursement after the date of resignation Teachers who have been reimbursed for any course work toward securing a masters within the last two (2) years of employment shall be required to continue their service to RSU # 78 for an additional two (2) years (twenty-four months) or will be required to reimburse the district the cost associated with Masters courses taken prior to departing, Such reimbursement to the district shall be remitted via payroll deductions as arranged between the District and employee, unless the failure to continue employment is due to illness, disability, death, or reduction of position. 6. Reimbursement will only be for tuition and fees. It will not include reimbursement for mileage, books and other expenses unless the teacher is required to take the course by the administration.

  • Strategic procurement Aim of strategic procurement: No strategic procurement