Reason for term in excess of three years Sample Clauses

Reason for term in excess of three years. As Thomson Group is one of the world’s largest technology patent holders in analogue TV technology, with a portfolio of over 40,000 patents, the Directors are of the view that a term of five years is in the interests of TTE, the Company and the Shareholders. This agreement is based on the standard agreement entered into between TLSA and any licensee around the world. The Directors believe that the terms of this agreement are consistent with market practice in respect of patent licensing agreements.
Sample 1
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Reason for term in excess of three years. Save and except that the distribution network concerned is related to the PRC, the reasons in support of a term longer than three years for this agreement are similar to those for the North America Sales and Marketing Agency Agreement.
Sample 1
Reason for term in excess of three years. Given that the Group is currently sourcing components and other materials (excluding CRTs) from TCL Corp, it is in the interest of the Company if TTE is able, as the Group has been, to secure a stable supply of components and other materials at competitive market price for a period longer than three years. ANNUAL REVIEW OF CONTINUING CONNECTED TRANSACTIONS The Company undertakes to comply with the rules in relation to annual review of continuing connected transactions set out in Rules 14A.37 to 14A.41 of the Listing Rules. The Company specifically undertakes upon any variation or renewal of the above relevant agreements, the Company will comply in full with all applicable requirements set out in Chapter 14A of the Listing Rules. THE PROFORMA STATEMENT OF NET TANGIBLE ASSETS OF THE ENLARGED GROUP The following is the proforma statement of the unaudited net tangible assets of the Group as enlarged by the Combination and adjusted by the following items on the basis presented below: HK$’000 Unaudited consolidated net tangible assets of the Group as at 31 March 2004 3,548,047 Add: Estimated net tangible assets of Thomson to be injected into TTE attributable to the Group pursuant to the Combination Agreement (note 1) 1,372,964 Less: Dilution of net tangible asset of the Group pursuant to the Combination Agreement (note 1) (675,549) Issues of shares after 31 March 2004 pursuant to the exercise of: — share options 1,629 — convertible notes 5,000 Final dividend of the Group paid before the Closing Date (272,000) 3,980,091 Less: Goodwill arising on the consolidation of Wuxi and Inner Mongolia Assets (note 2) (40,418) Unaudited adjusted proforma combined net tangible assets of the Group as enlarged
Sample 1

Related to Reason for term in excess of three years

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Unpaid Leave - After Three Years For every three (3) years' continuous service, an employee may request, in writing, an extended unpaid leave of absence, giving the longest possible advance notice. Every reasonable effort shall be made to comply with such requests providing that replacements to ensure proper operation of the Employer's business can be found. Notice of the Employer's decision shall be in writing.

  • Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.

  • Term; Suspension; Termination A. This Agreement shall become effective on the date that it is approved by both parties, set forth on the first page of the Agreement, and shall continue in effect until both parties have fully performed their respective obligations under this Agreement, unless sooner terminated as provided herein.

  • Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion - Lower Tier Covered Transactions (a) The prospective lower tier participant certifies, by submission of this proposal, that neither it nor its principals is presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in this transaction by any federal department or agency.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Requiring Minimum Compensation for Covered Employees a. Contractor agrees to comply fully with and be bound by all of the provisions of the Minimum Compensation Ordinance (MCO), as set forth in San Francisco Administrative Code Chapter 12P (Chapter 12P), including the remedies provided, and implementing guidelines and rules. The provisions of Sections 12P.5 and 12P.5.1 of Chapter 12P are incorporated herein by reference and made a part of this Agreement as though fully set forth. The text of the MCO is available on the web at xxx.xxxxx.xxx/xxxx/xxx. A partial listing of some of Contractor's obligations under the MCO is set forth in this Section. Contractor is required to comply with all the provisions of the MCO, irrespective of the listing of obligations in this Section.

  • Suspension; Termination If Borrower voluntarily suspends its business or, the partnership is dissolved or terminated, other than a technical termination of the partnership for tax purposes.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • SUSPENSION & TERMINATION FOR DEFAULT Enterprise Services may suspend Contractor’s operations under this Master Contract immediately by written cure notice of any default. Suspension shall continue until the default is remedied to Enterprise Services’ reasonable satisfaction; Provided, however, that, if after thirty (30) days from such a suspension notice, Contractor remains in default, Enterprise Services may terminate Contractor’s rights under this Master Contract. All of Contractor’s obligations to Enterprise Services and Purchasers survive termination of Contractor’s rights under this Master Contract, until such obligations have been fulfilled.

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