Fair and Reasonable definition

Fair and Reasonable means that the deduction is proportionate to the goods or services being provided. It must not compromise the employee’s ability to ensure a decent living income for themselves and their family, or bring their total remuneration below the minimum wage level.
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Fair and Reasonable means equitable terms for access to or receipt of any item pertaining to Agricultural Equipment, including any Tools, Specialty Tools, Software and Documentation, in light of relevant factors, including and subject to the limitations of Section II.A., the Manufacturer's suggested retail price and the distribution model of any respective item.
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Fair and Reasonable has the meaning set forth in the definition of “Special Purpose Entity”.
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Examples of Fair and Reasonable in a sentence

  • Subject to Article II.33.2 of the Grant Agreement and any applicable restrictions shown below, the MRC hereby confirms that it will be able to provide for-profit members of the Consortium with such Access Rights on Fair and Reasonable Conditions.

  • Fair and Reasonable, The contract or transaction is fair and reasonable to the Corporation at the time the contract or transaction is authorized, approved or ratified, in the light of circumstances known to those entitled to vote thereon at that time.

  • Fair and Reasonable ................................................11 19.

  • Such Access Rights to Affiliated Entities shall be granted on Fair and Reasonable conditions and upon written bilateral agreement.

  • The Purchase Price for the Sale of the EINI's Corporate ------------------------------------------------------- Assets is Fair and Reasonable.


More Definitions of Fair and Reasonable

Fair and Reasonable means the price that a prudent businessperson would pay for an item or service under competitive market conditions, given a reasonable knowledge of the marketplace. A “fair and reasonable” pricing determination must be made during every procurement prior to award.
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Fair and Reasonable means appropriate conditions, including possible financial terms or royalty-free conditions, taking into account the specific circumstances of the request for access, for example the actual or potential value of the Results or Background to which access is requested and/or the scope, duration or other characteristics of the Exploitation envisaged.
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Fair and Reasonable. The outcome from a request for a refund of student fees will be fair and reasonable to all. • EACH DECISION MADE ON ITS OWN MERITS : St Bede’s College will provide a framework that allows for the merits of each individual request for a refund to be considered. The conditions of the refund policy will apply to all students in all situations with due consideration of the individual merits of a request each and any request.
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Fair and Reasonable standard means one thing to an economist: rates should reflect the operation of the utility at minimum long run average cost. Costs in a competitive market naturally gravitate towards minimum long run average cost and by definition do not include charges that are unfair and unreasonable (or unjust), while this cost ensures that the regulated services are provided at a cost that promotes the overall efficiency of the economic system.
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Fair and Reasonable terms" means appropriate conditions including financial terms (where appropriate) taking into account the actual or potential value of the foreground or background to which access is requested and other characteristics of the research use envisaged;
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Fair and Reasonable means as stated and as referred to in Clause 7.1.1 of this CA and in Annex II Clause 34 and where reference is made to ‘appropriate conditions’ thereat, such appropriate conditions shall include such financial conditions more favourable than arms-length market conditions;
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Fair and Reasonable means that the proposed prices or rates charged are comparable to those that would be charged by another provider for a service of comparable quality and circumstances. This requires some level of knowledge of the market and comparison to other providers or activities. The term is used, despite its greater subjectivity, because much PDG grant funding occurs outside of an openly contestable process.
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