Economic benefits flexibility Sample Clauses

Economic benefits flexibility. The Contractual Arrangements shall continue to enable our Group to receive the economic benefits derived by Tianrui Medical and the VIE Entities through (i) our options (if and when so allowed under the applicable PRC laws) to acquire, all or part of the equity interests or assets at a consideration which shall be the lowest price as permitted under the applicable PRC laws and regulations, (ii) the business structure under which the profit generated by Tianrui Medical and the VIE Entities is substantially retained by us, such that no annual cap shall be set on the amount of service fees payable to Dehong Medical by Tianrui Medical and the VIE Entities under the Exclusive Operation Services Agreements, and (iii) our right to control the management and operation of, as well as, in substance, all of the voting rights of the VIE Entities and Tianrui Medical.
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Economic benefits flexibility. The Contractual Arrangements shall continue to enable our Group to receive the economic benefits derived by the Consolidated Affiliated Entities through: (1) our Group’s option (if and when so allowed under the applicable PRC laws) to acquire, all or part of the entire equity interests in Guangzhou Jiu Zun for nominal consideration or the minimum amount of consideration permitted by applicable PRC laws and regulations; (2) the business structure under which the profit generated by the Consolidated Affiliated Entities is substantially retained by our Group, such that no annual cap shall be set on the amount of service fees payable to WFOE under the Management Services Agreement; and (3) our Group’s right to control the management and operation of, as well as, in substance, all of the voting rights of Guangzhou Jiu Zun.
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Economic benefits flexibility. The Structured Contracts shall continue to enable our Group to receive the economic benefits derived by our Consolidated Affiliated Entities through (i) our Group’s option, to the extent permitted under the PRC laws and regulations to acquire, all or part of the equity interest in our Consolidated Affiliated Entities at the lowest possible amount permissible under the applicable PRC laws and regulations, (ii) the business structure under which the net profit generated by our Consolidated Affiliated Entities is substantially retained by our Group, such that no annual cap shall be set on the amount of service fees payable to WFOE by our Consolidated Affiliated Entities under the Exclusive Business Cooperation Agreement and/or the Exclusive Technical Services and Management Consultancy Agreement, and (iii) our Group’s right to control the management and operation of, as well as, in substance all of the voting rights of our Consolidated Affiliated Entities.
Sample 1
Economic benefits flexibility. The Contractual Arrangements shall enable the Group to receive the economic benefits derived by the Target Company through (i) the Group’s discretion (if and when so allowed under the applicable PRC laws) to acquire part or all of the equity interest in the registered capital or part or all of the assets of the Target Company; (ii) the business structure under which the net profits generated by the Target Company are substantially retained by the Group; and (iii) the Group’s right to control the management and operation of, as well as, in substance, all of the voting rights of the Target Company held by the Registered Shareholders.
Sample 1
Economic benefits flexibility. The Contractual Arrangements shall continue to enable our Group to receive the economic benefits derived by Hygeia Hospital Management and the VIE Hospitals through (i) our Group’s option (if and when so allowed under the applicable PRC laws) to acquire all or part of the equity interests and assets attributable to Hygeia Hospital Management at the minimum amount of consideration permitted under applicable PRC laws, (ii) the business structure under which the profit generated by Hygeia Hospital Management and the VIE Hospitals is substantially retained by our Group, such that no annual cap shall be set on the amount of service fees payable to Gamma Star Tech by Hygeia Hospital Management under the Exclusive Operation Services Agreement, and (iii) our Group’s right to control the management and operation of, as well as, in substance, all of the voting rights of the VIE Hospitals and Hygeia Hospital Management.
Sample 1
Economic benefits flexibility. The VIE Contracts shall continue to enable the Group to receive the economic benefits derived by the OPCO Group through: (i) the WFOE’s right (if and when so allowed under the applicable PRC laws) to acquire part or all of the equity interest in the registered capital or part or all of the assets of the OPCO at the lowest price permitted by PRC law; (ii) the business structure under which the net profits generated by the OPCO Group are substantially retained by the WFOE (such that no annual caps shall be set on the amount of the services fees payable to the WFOE under the relevant VIE Contracts); and (iii) the WFOE’s right to control the management and operation of, as well as, in substance, all of the voting rights of the OPCO.
Sample 1
Economic benefits flexibility. The Contractual Arrangements shall continue to enable our Group to receive the economic benefits derived by Hygeia Hospital Management and the VIE Hospitals through (i) our Group’s option (if and when so allowed under the applicable PRC laws) to acquire all or part of the equity interests and assets attributable to Hygeia Hospital Management at the minimum amount of consideration permitted under applicable PRC laws, (ii) the business structure under which the profit generated by Hygeia Hospital Management and the VIE Hospitals is substantially retained by our Group, such that no annual cap shall be set on the amount of service fees payable to Gamma Star Tech by Hygeia Hospital Management under the Exclusive Operation Services Agreement, and (iii) our Group’s right to control the management and operation of, as well as, in substance, all of the voting rights of the VIE Hospitals (other than the 18.44% equity interest in Shanxian Hygeia Hospital held by the Shanxian ESOP Platforms upon the [REDACTED]) and Hygeia Hospital Management.
Sample 1
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Related to Economic benefits flexibility

  • Individual Flexibility Arrangement The Employer and an Employee may agree to make an individual flexibility arrangement to vary the effect of the terms of this Agreement if:

  • Sponsorship Benefits 3.1 INREV agrees to grant the Sponsor the above chosen and described sponsorship benefits.

  • Individual Flexibility Arrangements 7.1 An Employer and Employee covered by the Agreement may agree to make an individual flexibility arrangement to vary the effect of terms of the Agreement if:

  • Labour Flexibility (i) An employer may direct an employee to carry out such duties as are reasonable and within the limits of the employee's skill, competence and training consistent with employee's classification, grouping and/or career stream provided that such duties are not designed to promote deskilling.

  • RDO Flexibility The application of this clause is dependent upon consultation and agreement between the parties provided that agreement will not be unreasonably withheld.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

  • Workplace Flexibility Where, for bona fide operational reasons the Employer schedules employees to work Saturday or Sunday, the following criteria shall apply:

  • Provision for Generation Compensation Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

  • AGREEMENT FLEXIBILITY 7.1 Notwithstanding any other provision of this Agreement, an employer and an individual employee may agree to vary the application of certain terms of this agreement to meet the genuine individual needs of the employer and the individual employee. The terms the employer and the individual employee may agree to vary the application of are those concerning:

  • Flexibility (1) An employer and employee covered by this enterprise agreement may agree to make an individual flexibility arrangement to vary the effect of terms of the agreement if:

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