NRE definition
Examples of NRE in a sentence
Any cost savings which are achieved by Supplier as a result of changes proposed solely by Supplier, or jointly by the Parties, after Supplier has recovered its NRE Items associated with the cost reduction, shall be shared equally by the Parties for a period of twelve (12) months and shall be retained exclusively by the Buyer after twelve (12) months.
The Buyer shall have an option at any time, which shall be exercised by written notice to Supplier, to pay not more that the balance of the outstanding NRE Item cost for its outright ownership.
Any cost savings which are achieved by Supplier as a result of implementing cost reductions proposed solely by the Buyer shall reduce the price of the Products by the entire amount of Supplier’s cost savings, after Supplier has recovered its NRE Items associated with the cost reduction.
The Network Huts shall be maintained, erected, placed, or altered in a safe, commercially and good and workmanlike manner and free from debris and litter on an ongoing basis.
Upon such request, Jabil shall provide to Company reasonably detailed supporting documentation and/or descriptions of the NRE Costs for which Jabil seeks reimbursement.