Compensation for Wrong Pockets Transfers Sample Clauses

Compensation for Wrong Pockets Transfers. Following the transfer of any property, right or asset pursuant to this Clause 25 (Wrong Pockets) from any entity that is not party to a Local Separation Agreement, or where otherwise required under Applicable Law, Novartis (in respect of any property, right or asset transferred by any member of the Novartis Group) or Alcon (in respect of any property, right or asset transferred by any member of the Alcon Group) shall compensate the relevant member of its Group for the fair market value of such property, right or asset.
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Compensation for Wrong Pockets Transfers. If the transfer of any property, right or asset pursuant to this Clause 20 (Wrong Pockets) (a Correction Transfer) requires a Local Separation Agreement and the payment of an amount equal to the fair market value of the relevant property, right or asset between the relevant member of the Novartis Group and the relevant member of the Sandoz Group (a Correction Transfer Local Payment): (a) in respect of any property, right or asset transferred by any member of the Novartis Group: (i) Sandoz shall procure that the relevant transferee shall make such Correction Transfer Local Payment to the relevant transferor on or around entry into the relevant Local Separation Agreement; and (ii) Novartis shall pay an amount equal to the Correction Transfer Local Payment to Sandoz in accordance with Clause 20.6 (a Novartis Correction Transfer Global Payment); and (b) in respect of any property, right or asset transferred by any member of the Sandoz Group: (i) Novartis shall procure that the relevant transferee shall make such Correction Transfer Local Payment to the relevant transferor on or around entry into the relevant Local Separation Agreement; and (ii) Sandoz shall pay an amount equal to the Correction Transfer Local Payment to Novartis in accordance with Clause 20.6 (a Sandoz Correction Transfer Global Payment).
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Related to Compensation for Wrong Pockets Transfers

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION PCA Article B.3 does not apply in School District No. 34 (Abbotsford).

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Compensation for Basic Services 6.1.1 Compensation for Basic Services as described in Section 3.1 and 3.2 shall be as set forth in Article 11.

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.