Applicable Brands definition
Examples of Applicable Brands in a sentence
Termination of Participation Following any period of special review, whether or not such period has been extended by the Board, the Board of Directors may terminate the participation of a Participating Company in the Associations monitoring process if the Company has not effectively addressed the issues which required such special review period and the Board determines that the Participating Company is still not in Compliance with the Fair Labor Association Standards with respect to its Applicable Brands.
Such list shall be representative across the Participating Companys Applicable Brands, and shall be modified by the Company as necessary to reflect any material changes in the Monitoring Plan or in the Companys business.
If a Participating Company fails to meet or maintain the participation criteria set forth in Section II above, or if the Company fails to achieve or maintain Compliance with the Fair Labor Association Standards with respect to its Applicable Brands, the Companys status may be placed on a 90-day period of special review by the Board of Directors.
Determinations of Compliance At the end of the Initial Implementation Period, and annually thereafter, the Executive Director of the Association shall advise the Board of Directors whether the production of the Applicable Brands of a Participating Company should be certified to be in Compliance with the Fair Labor Association Standards and shall recommend the level of accredited independent external monitoring to be undertaken by the Company in the following year.
Upon the expiration of the 90-day special review period, the Board may extend such special review period for such time as the Board reasonably believes the Company needs to effectively address the issues which required such special review period or otherwise to achieve Compliance with the Fair Labor Association Standards with respect to its Applicable Brands.