BISP definition
Examples of BISP in a sentence
In connection with such transfer of assets and systems, it may also be desirable to transfer employees from BISP to Hydro’s other activities in accordance with the labour legislation.
Hydro’s right to acquire said assets according to this paragraph is contingent upon such transfer not having a substantial negative impact for BISP ability to deliver IT/IS-services to the Petroleum Activity.
Hydro undertakes, for a period of two years from the Implementation, not to recruit employees in BISP without the prior written consent from the Merged Company, except employment based on applications received in connection with public advertisement of the positions.
The rights and obligations of BISP, including those related to employees and pensions together with existing contractual relations, will as a main rule remain unchanged after the transfer.
BISP shall continue as Hydro’s IT/IS-supplier after the Merger based on the existing (with any adjustments made) frame -, delivery- and project agreements between BISP and Hydro’s other activities.
Hydro has the right to acquire at book value hardware, applications, software and other specified assets to be identified by the Parties in connection with the integration process, which currently are owned by BISP but which are critical for Hydro’s other activities..
The Parties shall further in connection with the integration process identify which of the external agreements BISP has entered into that shall be transferred to Hydro.
The Borrower and BISP shall (a) comply with ADB’s Anticorruption Policy (1998, as amended to date) and acknowledge that ADB reserves the right to investigate directly, or through its agents, any alleged corrupt, fraudulent, collusive or coercive practice relating to the Project; and (b) cooperate with any such investigation and extend all necessary assistance for satisfactory completion of such investigation.
The Borrower shall ensure that BISP uses the cut-off score of the nation-wide poverty scorecard survey for identifying potential Eligible Families.
The Recipient shall cause BISP to maintain its capacity with technical, social and environmental, fiduciary and other Program-related responsibilities for implementing the Program, all with powers, functions, capacity, staffing, and resources appropriate to fulfil their respective functions under the Program.