Shared Interests Clause Samples

The Shared Interests clause defines how parties to an agreement will jointly benefit from or participate in certain activities, assets, or outcomes. Typically, this clause outlines the specific interests or resources that are to be shared, such as intellectual property, profits, or access to data, and may detail the mechanisms for managing or dividing these shared elements. Its core practical function is to ensure clarity and fairness in the allocation and management of mutual benefits, reducing the risk of disputes over shared resources.
Shared Interests. 24.1.1 - The University and the Union have an interest in addressing the work-life balance, including but not limited to, the child care needs of GAs at PSU. 24.1.2 - The University recognizes GAs' rights to seek child care resources available to them because of their student status.
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Shared Interests. This MOU is based on the following shared interests of the parties: a. Protecting the safety of all students and staff. b. Ensuring the District is providing equitable access to educational resources, technology, academic support and intervention, and services for all students and families. c. Ensuring flexibility in the instructional schedule to allow for adjustments in the delivery of instruction to students based on mandates or recommendations from governmental entities. d. Providing the highest quality instruction and educational services with the District and CEA remaining dedicated to the District’s core mission of education. e. Providing as much consistency as possible in the instructional schedules, regardless of the degree to which education/instruction and learning occur remotely or in person. f. Establishing and communicating expectations of teachers, students, parents/guardians, and the District community. g. Providing clarity and direction about how teaching and learning will be accomplished if and/or when students are not designated to be in physical attendance on a school day. h. The parties share a mutual desire and intent to return to a pre-COVID-19 traditional instructional schedule as soon as it is feasible and safe to do so.
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Shared Interests. This MOU is based on the following shared interests of the parties: a. Protect the safety of all students and staff. b. Ensure the District is providing equitable access to educational resources, technology, academic support and intervention, and services for all students and families. c. Ensure flexibility in the instructional schedule to allow for adjustments in the delivery of instruction to students based on mandates or recommendations from governmental entities. d. Provide the highest quality instruction whether we are engaged in distance learning, a hybrid model, or a traditional schedule. e. Provide as much consistency as possible in the instructional schedules, regardless of the degree to which education and learning occur remotely or in person. f. Establish and communicate expectations of teachers, students, parents, and the District community. g. Provide clarity and direction about what teaching and learning look like if/when students are not designated to be in physical attendance on a school day. h. It is the intent of the District and Association to return to a pre-COVID 19 traditional instructional schedule as soon as it is permissible and safe to do so.
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Shared Interests. Protect the safety of all students and staff by adhering to the LACDPH/CDPH Health Orders. For the purposes of this MOU, hybrid instruction shall refer to providing instruction to students through blending distance learning and in-person attendance on campus. ● The District and Association recognize that students may need flexibility to change from hybrid to distance learning and vice versa.
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Shared Interests.  The farmer must remain as an active manager of his livestock  The unease caused by the uncertainty of cohabiting with the wolf must be reversed.  Minimize the need to manage risks  Reduce damage caused to farms  Wolf presence should not condition the management and productive activity so much.  Prevention should not entail an extra cost to livestock activity.  Ensure the survival of extensive livestock in ▇▇▇▇▇  The farmer must remain key to maintaining the natural environment.  Fair compensation for damages  Avoid abandonment of livestock activity and as a consequence of rural areas’ abandonment.  Extensive livestock supported in damage prevention.  Be able to specify damage prevention measures.  Prepare and design prevention measures from the territory.  Be able to live with dignity from livestock  Strong support for extensive livestock  Set up a stable and permanent space for dialogue between the involved agents.  Value the role of the landowners in biodiversity conservation.  Minimize conflict  Reduce damage to extensive livestock  Understand better the economic impact of the bureaucratic procedures related to the wolf.  Bring the wildlife census work to the different parts landowners and farmers.
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Shared Interests. In 1977, the City was authorized to enter into an agreement with SCIDpda (under Ordinance 106367) to enable SCIDpda to purchase the ▇▇▇▇ Hotel building for the purpose of developing a community center and affordable housing and for providing public restroom facilities and pedestrian access serving users of ▇▇▇▇ ▇▇▇ Park.
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Shared Interests. ● Safety of staff and students ● Equitable, rigorous, and meaningful learning experience for all students ● Flexibility in teaching (delivery of instructions) ● Interested in doing extended distance learning to provide robust learning experience for students for at least the first trimester or semester ● Having easily navigated systems for students and teachers ● Consistency of learning experiences for all students across the District, as well as honoring flexibility of instruction for teachers ● Clear protocol of communication (ongoing dialogue) between parent, teacher, and administration
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Shared Interests. The University and the Union have an interest in addressing the work-life balance, including but not limited to, the child care needs of GAs at PSU.
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Related to Shared Interests

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • Additional Partnership Interests If the Partnership issues Partnership Interests in accordance with Section 4.2 or 4.3, the distribution priorities set forth in Section 5.1 shall be amended, as necessary, to reflect the distribution priority of such Partnership Interests and corresponding amendments shall be made to the provisions of Exhibit B.

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Shares; Membership Interests (a) The total of the membership interests in the Company shall be divided into (i) Class A Ordinary Shares having the rights and preferences as set forth herein (the “Class A Ordinary Shares”), (ii) Class A Preferred Shares having the rights and preferences as set forth herein (the “Class A Preferred Shares” and, together with the Class A Ordinary Shares, the “Class A Shares”), (iii) Class B Ordinary Shares having the rights and preferences as set forth herein (the “Class B Ordinary Shares”), and (iv) Class C Ordinary Share having the rights and preferences as set forth herein (the “Class C Ordinary Share” and, together with the Class A Ordinary Shares, the Class A Preferred Shares and the Class B Ordinary Shares, the “Shares” and each a “Share”). Class A Ordinary Shares, Class A Preferred Shares and Class B Ordinary Shares shall have the same rights, powers and duties, except as otherwise set forth in this Agreement. The number of Class A Ordinary Shares shall be limited to the maximum number of Class A Ordinary shares offered in the Offering, plus (i) the number of Class A Ordinary Shares which may be issued upon conversion of the Class A Preferred Shares, plus (ii) the number of Class A Ordinary Shares which may be issued upon conversion of the Class B Ordinary Shares. The number of Class A Preferred Shares shall be limited to the number of Class A Preferred Shares which may be issued pursuant to the Management Services Agreement. The number of Class B Ordinary Shares shall be limited to up to 1,000. The number of Class C Ordinary Shares shall be limited to one. Class A Preferred Shares issued pursuant to the Management Services Agreement (“ASA Shares”) may be subject to vesting provisions as set forth in the Management Services Agreement. The Shares of the Members shall be as set forth on Exhibit A attached hereto, which may be updated as set forth herein. For the avoidance of doubt, in the event that all of the Class A Ordinary Shares are not sold pursuant to the Offering, the Board shall, upon the final closing of the Offering, issue a number of Class A Ordinary Shares to the Initial Member equal to the aggregate number of Class A Ordinary Shares that remain unsold in the Offering, as repayment in full of any and all obligations owing to the Initial Member in respect of advances made to acquire the Artwork and true-up fees payable to the Initial Member. The name and mailing address of each Member or such Member’s representative shall be listed on the books and records of the Company maintained for such purpose by the Company or the Transfer Agent. (b) Prior to the date hereof and as set forth in the Original Agreement, the Initial Member has been issued 100% of the membership interests in the Company in return for a capital contribution of $100 (the “Prior Interests”). Upon execution of this Agreement, the Prior Interests shall be automatically converted into 1,000 Class B Ordinary Shares. As of the date of such conversion, the Class B Ordinary Shares shall constitute all of the membership interests of the Company and, prior to the issuance of Class A Ordinary Shares, Class A Preferred Shares and Class C Ordinary Share, shall have all of the rights and privileges of 100% of the membership interests in the Company afforded pursuant to this Agreement and applicable law. (c) Notwithstanding any provision to the contrary in this Agreement, the Board shall have full power and authority to schedule one or more closings to issue Class A Ordinary Shares and admit Members to the Company in accordance with the provisions of this Agreement. Any Person that acquires Class A Ordinary Shares and is admitted as a Member of the Company after the date hereof, shall, in connection with such Member’s acquisition of such Class A Ordinary Shares, be deemed to pay to the Company such Member’s pro rata share of any amounts used to acquire the Artwork, including any true-up fees and any other amounts paid to the Company by the previously admitted Members. (d) The Class A Members may elect to convert their Class A Preferred Shares into Class A Ordinary Shares, in whole or in part, at any time prior to the consummation of the Sale of the Artwork, subject to the terms and conditions herein, for no additional consideration. Each Class A Preferred Shares will automatically convert to one Class A Ordinary Share upon any Transfer of such Class A Preferred Shares to an entity that is not an Affiliate of the Administrator. (e) The Class B Members may elect to convert their Class B Ordinary Shares into Class A Ordinary Shares, in whole or in part, at any time prior to the consummation of the Sale of the Artwork, subject to the terms and conditions herein, for no additional consideration pursuant and to the following conversion formula: The number of Class A Ordinary Shares issuable upon conversion of Class B Ordinary Shares shall equal (A) the Value Increase, multiplied by (B) the Conversion Percentage, multiplied by (C) 20%, divided by (D) the Class A Ordinary Share Value. For purposes herein:

  • Varying Interests All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Member's Sharing Ratio, the Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by the Management Committee to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Members' varying Sharing Ratios.