PURPOSE AND INTENT OF PARTIES Sample Clauses

PURPOSE AND INTENT OF PARTIES. Section 1.
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PURPOSE AND INTENT OF PARTIES. Section 1. It is the desire of the parties hereto to set forth herein the agreement between them for the term hereof in respect to rates of pay, wages, hours of employment and other conditions of employment to be observed by the parties hereto and the employees covered hereby, and to provide procedure for the prompt and equitable adjustment of grievances arising hereunder to the end that there shall be no interruptions or impeding of work, work stoppages, slowdowns, strikes, lockouts or other interference with production and maintenance of the Company’s Research Department during the term hereof. The parties recognize that for their joint benefit, increase in wages and benefits should be consistent with the long term prosperity and efficiency of the steel industry. The parties are concerned that the future for the industry in terms of employment security and return on substantial capital expenditures will rest heavily upon the ability of the parties to work cooperatively to achieve significantly higher productivity trends than have occurred in the recent past. The parties are acutely aware of the impact upon the industry and its employees of the sizeable penetration of the domestic steel market by foreign producers. The parties have joined their efforts in seeking relief from the problem of massive importation of foreign steel manufactured in low-wage countries. Thus, it is incumbent upon the parties to work cooperatively to meet the challenge posed by principle foreign competitors in recent years. It is also important that the parties cooperate in promoting the use of American-made steel.
PURPOSE AND INTENT OF PARTIES. In the event of a dispute between the ----------------------------- Stockholders, each Stockholder agrees that to the extent any such dispute shall not be resolved by voluntary agreement of the parties, such dispute shall be finally settled by arbitration in accordance with the provisions set forth below and that any such circumstance shall not constitute a grounds for termination of this Agreement or the withholding of performance under this Agreement. There shall be no resort to the courts by the parties in connection with such matters except to specifically enforce this covenant to arbitrate or to enforce the outcome of an arbitration. This Article shall not apply, however, in the event of any litigation or proceeding commenced by a third party against a party in which the other party is an indispensable party or potential third party defendant. The parties desire to provide for nonjudicial settlement of any claims of breach of this Agreement. In furtherance of the purpose and objectives of the parties, the parties shall settle all claims under this Agreement by means of the alternative dispute resolution procedure described herein so that the operation and maintenance of the Company as contemplated by this Agreement shall not be jeopardized.

Related to PURPOSE AND INTENT OF PARTIES

  • PURPOSE AND INTENT The general purpose of this Agreement is to set forth terms and conditions of employment, and to promote orderly and peaceful labor relations for the mutual interest of the Company, the employees and the Union. The parties agree that whenever masculine nouns or pronouns are used in the Agreement, such references are intended to be gender neutral. The parties recognize that the success of the Company and the job security of the employees depends upon the Company's success in building a quality product and its ability to sell such product. To these ends the Company and the Union encourage to the fullest degree friendly and cooperative relations between their respective representatives at all levels and among all employees. RECOGNITION

  • Correlation and Intent It is the intention of the Owner, Design Professional, and Contractor that the Construction Documents include all items necessary for proper execution and full and final completion of the Work. The Contract and Construction Documents (the Contract Documents) are complementary, and what is required by one is as binding as if required by all. Performance by the Contractor is required to the extent consistent with and reasonably inferable from the Contract Documents as being necessary to produce the design intent as expressed in the Contract Documents. The intention of the Owner and the Design Professional is that the Contract and Construction Documents include all labor and materials, equipment, and transportation necessary for the proper execution of the work. It is not intended, however, that materials or work not covered by or properly inferable from any heading, branch, class, or trade of the specifications shall be supplied unless noted on the drawings.

  • Intent of Agreement 3.1 Execution of this Agreement is a representation that the Contractor has carefully examined the Contract Documents and the site, and represents that the Contractor shall become familiar with the nature and location of each Project, the Worksite, the specific conditions under which the Services are to be performed, and all matters which may in any way affect the Work or its performance. The Contractor further represents that, as a result of such examinations and investigations, the Contractor thoroughly understands the Contract Documents and their intent and purpose, and is familiar with all applicable codes, ordinances, laws, regulations and rules as they apply to the Work, and that the Contractor will abide by same. Claims for additional time or additional compensation as a result of the Contractor’s failure to follow the foregoing procedure and to familiarize itself with all local conditions and the Contract Documents will not be permitted.

  • Entirety of Agreement This Agreement represents the entire and integrated agreement between the parties and supersedes all prior negotiations, representations, and agreements, whether written or oral.

  • Merger and Integration Except as specifically stated otherwise herein, this Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement. This Agreement may not be modified, amended, waived or supplemented except as provided herein.

  • INTENT AND PURPOSE 1.01 The Employer and the Union each represents that the purpose and the intent of this Agreement is to promote cooperation and harmony, to recognize mutual interests, to formulate rules to govern the relationship between the Employer and the Union and to set forth herein the basic agreement covering rates of pay, hours of work and conditions of employment.

  • Purpose and extent of the Grant 3.1 The Recipient may not use the Grant for any activities other than the Purpose, or as approved in writing by the Commissioner. Further details of the Purpose of the Grant are as defined in Schedule 1 (the “Project”).

  • EXTENT OF AGREEMENT This Agreement supersedes all prior agreements, written or oral, between Architect/Engineer and Owner and shall constitute the entire Agreement and understanding between the parties with respect to the subject matter hereof. This Agreement and each of its provisions shall be binding upon the parties and may not be waived, modified, amended or altered except by a writing signed by Owner and Architect/Engineer.

  • Definition and Procedure 26.1.1 For the purposes of this PPP Agreement, "

  • Definition and Interpretation 1.1 Except as otherwise defined in the terms or context hereof, the following terms in this Agreement shall have the following meanings:

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