Target Operating Model definition

Target Operating Model means the service delivery model to be implemented once Transition has been successfully completed;
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Target Operating Model has the meaning given to it in Schedule 4; and “Worker”, in respect of persons engaged in the United Kingdom only, has the meaning in section 230(3)(b) of the Employment Rights Xxx 0000, and includes any director and any other officer of any Group Company whether or not he is a worker (as so defined), and includes any individual engaged by any Group Company in a similar capacity in any Cash Territory or Secure Solutions Territory.
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Target Operating Model has the meaning given to it in Schedule 4; and
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Examples of Target Operating Model in a sentence

  • The Target Operating Model will indicate the need for a future restructure of the service, this will be presented with a business case by the Managing Director.

  • We propose to introduce MHHS on the basis of the Target Operating Model recommended by the Design Working Group last year.

  • It is expected that during this period every effort will be made for both the CRCs and NPS to move towards autonomous arrangements in readiness for share sale, except where interdependency is stipulated by the final Target Operating Model.

  • Whilst the new Target Operating Model is intended to revise the organisational structure and deliver significant financial savings to achieve a balanced Medium-Term Financial Plan, it also creates an opportunity to look at how all departments and institutions can benefit from working closely together and staying connected so that – as a whole - we can be greater than the sum of our parts.

  • The City Corporation is changing with the implementation of a Target Operating Model (TOM).

  • Simply put, the Target Operating Model (TOM) provides an opportunity for the City of London Corporation to update and simplify, to enable us to be radical, more agile and proactive to withstand both internal and external challenges.

  • This pilot is part of the wider Target Operating Model programme to assess the organisation’s agility to removing barriers to collaboration, causes of friction, inertia and non-value adding activity.

  • There are no direct impacts, as a result of this report, in relation to the Local Outcome Improvement Plan Themes of Prosperous Economy, People or Place, or Enabling Technology, or on the Design Principles of the Target Operating Model.

  • Within the Wholesale segment, Bank has adopted Target Operating Model for different client segments that is based, inter alia, on internal risk ratings, availability of security and other risk parameters.

  • This would also provide an opportunity to apply and trial the principle of empowerment in the Target Operating Model.

Related to Target Operating Model

  • net non-operating income means the difference between:

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • SPS AER Value means the Underlying Reference Value.

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;