REVISION OF ANNUAL Sample Clauses

REVISION OF ANNUAL. CAPS FOR THE SINOPHARM PROCUREMENT FRAMEWORK AGREEMENT Reference is made to the announcement (the “Announcement”) issued by the Company on 24 April 2020 in relation to the continuing connected transactions for the purchase of raw materials by the Group from Sinopharm Group under the Sinopharm Procurement Framework Agreement.
Sample 1
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REVISION OF ANNUAL. CAPS Considering the Group’s actual business needs, the Company estimates the existing annual caps in relation to the provision of promotional services in respect of the year ending 31 December 2021 and the six months ending 30 June 2022 will not be sufficient. Accordingly, on 30 November 2021, the Board resolved to revise the relevant annual caps for the year ending 31 December 2021 and the six months ending 30 June 2022 to RMB10 million and RMB10 million, respectively. For the year ended 31 December 2020 and the nine months ended 30 September 2021, the amount of fees paid by the Group to Xxxxxxx Xxxxx for the promotional services were RMB56 thousand and RMB5,945 thousand, respectively. The revised annual cap has been determined with reference to, among other things, (i) the historical transaction amounts and (ii) the rapid admission progress and the estimated growing market demand of 漢曲優® in Designated Areas. The terms of the Promotional Services Agreement (as supplemented) remained unchanged. As set out in the Announcement, Henlius Biopharmaceuticals engaged Xxxxxxx Xxxxx to provide the relevant services considering Jiangsu Fosun’s experience and competitive advantage in the promotion of 漢曲優® in relevant areas. The Company believes that the revised annual caps are in line with the Company’s actual business needs and considering Xxxxxxx Xxxxx’s experience in the promotion of 漢曲優® in the Designated Areas, it is in the interest of the Group to maintain a stable relationship with Xxxxxxx Xxxxx and revise the annual caps to reflect the changes in the market.
Sample 1
REVISION OF ANNUAL. Caps As a result of the Amendments of PDA, the existing annual caps under the Product Development Agreement for the two years ending December 31, 2025 are revised as follows: For the year ending December 31, 2024 For the year ending December 31, 2025 (US$ million) Existing Annual Caps 1.0 1.0
Sample 1

Related to REVISION OF ANNUAL

  • Calculation of Annual Leave Pay Annual leave shall be paid at the employee’s ordinary weekly wage rate for ordinary hours for the period of annual leave (excluding shift allowances and weekend payments but including leading hand allowance); plus an amount equal to 17.5% of the amount

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Accumulation of Annual Leave A. During the first three (3) years of employment, a regular or limited term employee shall earn approximately five (5) hours and fifty-one (51) minutes of annual leave during each eighty (80) hour pay period (approximately one hundred fifty-two [152] hours per year), or a prorated amount for any pay period in which the employee is paid for less than eighty (80) hours.

  • Shortfall of Annual Working Hours There shall be no pay back for shortfall of annual working hours in the shift systems determined in this Agreement.

  • Taking of Annual Leave (a) An employee is entitled to take an amount of annual leave during a particular period if:

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • PAYMENT FOR MEETING ATTENDANCE 17.01 When the Employer requires an employee to be present at a meeting called by the Employer during the employee's scheduled working hours, time spent at such meeting shall be considered as time worked.

  • Compensation for Work on a Holiday (a) Where an Employee is regularly scheduled to work, in accordance with Article 14, and her regularly scheduled day of work falls on a paid holiday, as defined in Article 18.01, she shall receive compensation equal to two and one-half (2 ½) times her regular rate of pay as follows:

  • Time Off in Lieu of Payment for Overtime An employee may elect, with the consent of the Company, to take time off in lieu of payment of overtime at a time or times agreed with the Company. Overtime taken as time off during ordinary time hours will be taken at the ordinary time rate, that is an hour for each hour worked.

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

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