WEALTH SHARING Sample Clauses

WEALTH SHARING. 1. The Federal Government shall lay down a comprehensive economic and social plan to develop the country in general and to bridge the gap between the various States in particular, so that within a definite period, a parity in provision of basic needs such as security, employment, water, food, education, health and housing could be reached.
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WEALTH SHARING. On wealth sharing during the interim period the two parties agreed that the wealth of Sudan was to be shared equitably so as to enable each level of government to discharge its legal and constitutional responsibilities and duties and that the national government was to fulfil its obligation to provide transfers of revenue to the government of Southern Sudan. Without prejudice to the position of the parties with respect to ownership of land and subterranean natural resources including in Southern Sudan, the ownership of those resources was to be addressed. The parties agreed on the principle of regulation, management and the process of sharing wealth from subterranean natural resources.131 On the issue of oil, it was agreed that after the payment to an oil revenue stabilization account and at least of 2% of oil revenues allocated to the oil producing states, 50% of the net oil revenue derived from oil producing xxxxx in Southern Sudan was to be allocated to the government of Southern Sudan, XxXX and 50% to the National Government, GoS. The parties also agreed that an independent National Petroleum Commission (hereafter NPC) was to be established during the pre-interim period and its decisions were to be by consensus. The composition of the NPC was to include the President of the republic of Sudan and the President of the XXXX as co-chairs and permanent members, four permanent members representing the national government, four permanent members representing the XxXX, and not more than three representatives of an oil producing state/region in which petroleum development is being considered, non-permanent members.132 The NPC was to formulate public policies and guidelines in relation to the development and management of the petroleum sector, monitor and assess the implementation of those policies to ensure that they work in the best interests of the people of Sudan, develop strategies and programmes for the petroleum sector, negotiate and approve all oil contracts for the exploration and development of oil in the Sudan and ensure that they are consistent with the NPC‟s principles, policies and guidelines. More importantly, it was also agreed that there should be a dual banking system in the Sudan. An Islamic banking system was to operate in the Northern Sudan and a conventional banking system was to operate in Southern Sudan. In this regard, there was to be one central bank with two windows to cater for the two banking systems and the two currencies that were ...
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Related to WEALTH SHARING

  • JOB SHARING 20.01 Job sharing is defined as an arrangement whereby two or more nurses share the hours of work of what would otherwise be one full-time position. If the Hospital and the Union agree to a job sharing arrangement, the introduction or discontinuance of such job sharing arrangements will be determined locally.

  • Work Sharing SRD is calculated as if the employee is working full-time hours. (SRD has an impact on recognition of employee service at years 25 and 40, Quarter Century Club Membership and seniority (Article 64).)

  • Leave Sharing The SPS agrees to maintain a leave sharing plan that conforms to law. Shared leave will be used only for the purpose of maintaining salary and insurance benefits. The length of time a position is held for the employee’s return will not be extended by the use of shared leave.

  • Scholarly Sharing On an ad hoc basis, Authorized Users may transmit to a third party in hard copy or electronically, minimal, insubstantial amounts of the Licensed Materials for personal use or scholarly, educational, or scientific research or professional use in the nature of collaboration, comment, or the scholarly exchange of ideas but in no case for resale or commercial purposes or in a manner that would substitute for direct access to the Licensed Materials via services offered by Licensor.

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • Job Sharing / Time Sharing (a) Job sharing shall be interpreted to mean two employees sharing one full- time position (10 shifts bi-weekly).

  • Data Sharing Stripe may share information about your Stripe Account, including User Information, with Payment Method Providers and Payment Method Acquirers as Stripe believes necessary to verify your eligibility to use the Stripe Payments Services, establish any necessary accounts or credit with Payment Method Providers and Payment Method Acquirers, monitor Transactions and other activity, and conduct risk management and compliance reviews. Stripe may also share data, including Protected Data, with Payment Method Providers and Payment Method Acquirers, and they may use and share this data, for the purpose of assessing your compliance with Financial Services Terms and facilitating Stripe’s, the Payment Method Providers’, and the Payment Method Acquirers’ compliance with Law, Payment Method Rules and Payment Method Terms. You waive your right to bring any claim against Stripe arising from Stripe sharing information about User Group with Payment Method Providers and Payment Method Acquirers, including any inclusion on a Terminated Merchant List that results from this sharing. Stripe may periodically review your Stripe Account information to verify that you are eligible to use the Stripe Payments Services.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date.

  • Sick Leave Sharing The program permits employees to donate sick leave to a fellow employee who is suffering from or has a relative or household member suffering from an extraordinary or severe illness, injury, impairment, or physical, or mental condition which has caused or is likely to cause the employee to take leave without pay or to terminate employment Definition of Terms used in this program:

  • Sharing If any Lender shall obtain payment of any principal of or interest on any Loan owing to it or payment of any other amount under this Agreement or any other Loan Document through the exercise (subject to the provisions of Section 14.10) of any right of set-off, banker’s lien or counterclaim or similar right or otherwise (other than from the Administrative Agent as provided herein), and, as a result of such payment, such Lender shall have received a greater percentage of the principal of or interest on the Loans or such other amounts then due hereunder or thereunder by the Borrower to such Lender than the percentage received by any other Lender, it shall promptly purchase from such other Lenders participations in (or, if and to the extent specified by such Lender, direct interests in) the Loans or such other amounts, respectively, owing to such other Lenders (or in interest due thereon, as the case may be) in such amounts, and make such other adjustments from time to time as shall be equitable, to the end that all the Lenders shall share the benefit of such excess payment (net of any expenses that may be incurred by such Lender in obtaining or preserving such excess payment) pro rata in accordance with the unpaid principal of and/or interest on the Loans or such other amounts, respectively, owing to each of the Lenders. To such end all the Lenders shall make appropriate adjustments among themselves (by the resale of participations sold or otherwise) if such payment is rescinded or must otherwise be restored. Each Lender agrees that it shall turn over to the Administrative Agent (for distribution by the Administrative Agent to the other Lenders in accordance with the terms of this Agreement) any payment (whether voluntary or involuntary, through the exercise of any right of setoff or otherwise) on account of the Loans held by it in excess of its ratable portion of payments on account of the Loans obtained by all the Lenders.

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