Structure of the Scheme Clause Samples

The 'Structure of the scheme' clause defines the overall framework and organization of a particular program, arrangement, or contractual scheme. It typically outlines the key components, roles, and relationships between the parties involved, as well as the sequence of actions or processes that will be followed. For example, it may specify how funds are managed, how decisions are made, or how responsibilities are allocated among participants. This clause is essential for ensuring all parties have a clear understanding of how the scheme operates, thereby reducing confusion and potential disputes.
Structure of the Scheme i. The Fund shall offer various Allocation Plans based on their structure of fixed maturity or perpetual investing in the investable avenues as defined in the Offering Document of the Fund. ii. Each Allocation Plan may have one or more unit types, for example “Growth” Units & “Income” Units, and will announce separate NAVs which will rank pari passu inter se according to the number of units of the respective Allocation Plans. iii. The Management Company may, with the prior approval of the Commission, introduce new Allocation Plans through supplement to the Offering Document. iv. Investors of the Fund may hold different types of units of Allocation Plans and may invest in any one or more of the available Allocation Plans.
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Structure of the Scheme. Five years before reaching statutory retirement age and after working for the employer for at least 10 years, employees are entitled to shorten their workweek to 4 days or 3 days according to the provisions in this article in accordance with the standard weekly schedule as included in Appendix G.
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Structure of the Scheme. (a) The Scheme (i) the cancellation of the Scheme Shares (as reclassified—see further paragraph 11(c) of this Part 2) in accordance with the Scheme and the subsequent issue of New Halcrow Shares by Halcrow to CH2M HILL Europe in accordance with the Scheme; (ii) the payment of the Cash Consideration by CH2M HILL Europe to the Scheme Shareholders in consideration for the issue of New Halcrow Shares by Halcrow to CH2M HILL Europe and the issue of one New CH2M HILL Europe Share by CH2M HILL Europe to CHIL; (iii) the issue of one New CHIL Share by CHIL to CH2M HILL in consideration for the issue of the aforementioned New CH2M HILL Europe Share by CH2M HILL Europe to CHIL; and (iv) the issue of New CH2M HILL Shares and Loan Notes by CH2M HILL to those Scheme Shareholders who have made valid CH2M HILL Securities Alternative Elections in consideration for the issue of the New CHIL Share by CHIL to CH2M HILL.
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Structure of the Scheme. 1. Under the provisions of this article, employees with a full-time employment contract are entitled to shorten their working week to a working week of four days or three days, up to five years before they have reached entitlement to their personal old-age pension, i.e. their retirement age. 2. Notwithstanding the provisions in paragraph 5 of this article, employees with an employment contract for less than the full-time amount of working hours may take part in this scheme proportionally. Article 1.4, paragraph 5 of the cao shall apply in this respect. 3. Employees will be able to shorten their working week by 0.2 FTE (four-day variant). The conditions for this option are as follows: a. Such employees will be granted 0.2 FTE in extraordinary leave with continued payment of part of their salary; b. Such employees will have a working week of four days consisting of eight hours, for which they will receive 85% of their gross salary. With effect from 1 August 2023, employees in a salary scale below scale 8 will be paid 90% of their gross salary;; c. The employees will waive part of their right to non-statutory leave as referred to in Article 4.7, paragraph 1, and will be able to claim five times the remaining amount of working hours per week, plus 1.6 holiday hours per week because the new working week comprises four working days of eight hours. As such, their claim to leave amounts to 228 holiday hours. This leave balance is reduced by the collective office closing days, established under Article 4.7, paragraph 5, which coincide with the duty roster. 4. Employees will be able to shorten their working week by 0.4 FTE (three-day variant). The conditions for this option are as follows: a. Such employees will be granted 0.4 FTE in extraordinary leave with continued payment of part of their salary; b. Such employees will have a working week of three days consisting of eight hours, for which they will receive 70% of their gross salary. With effect from 1 August 2023, employees in a salary scale below scale 8 will be paid 80% of their gross salary; c. The employees will waive part of their right to non-statutory leave as referred to in Article 4.7, paragraph 1, and will be able to claim five times the remaining amount of working hours per week, plus 1.2 holiday hours per week because the new working week comprises three working days of eight hours. As such, their claim to leave amounts to 171 holiday hours. This leave balance is reduced by the collective office clos...
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Related to Structure of the Scheme

  • Procurement of the Site (i) The Authority Representative, the Contractor and Authority’s Engineer shall, within 10 (ten) days of the date of this Agreement, inspect the Site and prepare a detailed memorandum containing an inventory of the Site including the vacant and unencumbered land, buildings, structures, road works, trees and any other immovable property on or attached to the Site (hereinafter referred to as the “Handover Memorandum”). Subject to the provisions of Clause 8.2 (iii), the Handover Memorandum shall have appended thereto an appendix (the “Appendix”) specifying in reasonable detail those parts of the Site to which vacant access and Right of Way has not been given to the Contractor along with details of hindrances in the Construction Zone. For sake of clarity the Handover Memorandum shall clearly specify the parts of Site where work can be executed. Signing of the Handover Memorandum, in three counterparts (each of which shall constitute an original), by the authorized representatives of the Authority, Contractor and Authority’s Engineer shall be deemed to constitute a valid evidence of giving the Right of Way to the Contractor for discharging its obligations under and in accordance with the provisions of this Agreement and for no other purpose whatsoever. (ii) Whenever the Authority is ready to hand over any part or parts of the Site included in the Appendix, it shall inform the Contractor, by notice, of the proposed date and time such of hand over. The Authority Representative and the Contractor shall, on the date so notified, inspect the specified parts of the Site, and prepare a memorandum containing an inventory of the vacant and unencumbered land, buildings, structures, road works, trees and any other immovable property on or attached to the Site so handed over. The signing of the memorandum, in three (3) counterparts (each of which shall constitute an original), by the authorised representatives of the Parties shall be deemed to constitute a valid evidence of giving the relevant Right of Way to the Contractor. If the contractor fails to join for site inspection or disputes the parts of the site available for work, the Authority’s Engineer shall decide the parts of the site where work can be executed and notify to both the parties within 3 days of the proposed date of inspection. The parties agree that such notification of the Authority’s Engineer as mentioned hereinabove shall be final and binding on the parties. (iii) The Authority shall provide the Right of Way to the Contractor in respect of all land included in the Appendix by the date specified in Schedule-A for those parts of the Site referred to therein, and in the event of delay for any reason other than Force Majeure or breach of this Agreement by the Contractor, it shall pay to the Contractor, Damages in a sum calculated in accordance with Clause 8.3. The Contractor agrees that it shall not be entitled to claim any other damages on account of any such delay by the Authority. (iv) Notwithstanding anything to the contrary contained in this Clause 8.2, the Authority shall specify the parts of the Site, if any, for which Right of Way shall be provided to the Contractor on the dates specified in Schedule-A. Such parts shall also be included in the Appendix prepared in pursuance of Clause 8.2 (i). (v) The Authority further acknowledges and agrees that prior to the Appointed Date, it shall have procured issuance of the statutory notification under Applicable Laws for vesting of all the land comprising the Project in the Authority and has taken possession of area for Construction Zone for at least 90% (ninety per cent) of the total length of the Project Highway. The Parties also acknowledge and agree that the conditions specified in this Clause 8.2 (iii) shall not be modified or waived by either Party. (vi) For the avoidance of doubt, the Parties expressly agree that the Appendix shall in no event contain sections of the Project Highway the cumulative length of which exceeds 10% (ten percent) of the total length of the Project Highway. (vii) Pursuant to signing of Handover Memorandum under clause 8.2 (i), Contractor shall submit to the Authority’s Engineer, a monthly land possession report till expiry of 180 (one hundred and eighty) days from Appointed Date, in respect of those parts of the site to which vacant access and right of way was not given to the contractor and included in Appendix to the memorandum signed under clause 8.2 (i), duly specifying the part of the site, if any, for which the right of way is yet to be handed over.

  • Scope of the Services UNOPS intends to retain the Contractor for the implementation of the Services, and the Contractor intends to provide the Services. The Contractor has represented to UNOPS that it has the appropriate experience, expertise, licences, and resources to undertake the Services and has agreed to undertake the Services in accordance with the Contract. In reliance on the Contractor’s representations UNOPS has entered into the Contract. The Contract sets out the terms and conditions upon which the Contractor will undertake the Services.

  • Nature of the processing MailChimp provides an email service, automation and marketing platform and other related services, as described in the Agreement.

  • Conduct of the Study 3.1 Athenex shall act as the sponsor of the Study and shall hold the IND/CTA relating to the Study; provided, however, that in no event shall Athenex file a separate IND/CTA for the Study unless required by Regulatory Authorities to do so. If a Regulatory Authority requests a separate IND/CTA for the Study the Parties will meet and mutually agree on an approach to address such requirement. 3.2 Athenex shall ensure that the Study is performed in accordance with this Agreement, the Protocol and all Applicable Law, including GCP. 3.3 Athenex shall ensure that all directions from any Regulatory Authority and/or ethics committee with jurisdiction over the Study are followed. Further, Athenex shall ensure that all Regulatory Approvals from any Regulatory Authority and/or ethics committee with jurisdiction over the Study are obtained prior to initiating performance of the Study. Athenex shall participate in and lead all discussions with any Regulatory Authority regarding the Study, provided, however, that Lilly shall have the right (but no obligation) to participate in any discussions with a Regulatory Authority, and prior review and approval of any written communications with a Regulatory Authorty, regarding matters related to the Lilly Compound. 3.4 Athenex shall maintain reports and all related documentation (paper or electronic versions as applicable) in good scientific manner and in compliance with Applicable Law. Athenex shall provide any Study information and documentation reasonably requested to enable Lilly to (i) comply with any of its legal and regulatory obligations, or any request by any Regulatory Authority, in each case, to the extent related to the Study or such the Lilly Compound, (ii) satisfy any contractual obligation to a subcontractor engaged pursuant to Section 2.4 hereof, and (iii) to determine whether the Study has been performed by Athenex in accordance with this Agreement. 3.5 Athenex shall ensure that all patient authorizations and consents, and all consents from other data subjects, for the processing, use and disclosure of their data and the Clinical Data, required under HIPAA, the EU Data Protection Directive, EU General Data Protection Regulation, and any other similar Applicable Law in connection with the Study, permit the use and sharing of the Clinical Data as set forth in this Agreement, including the sharing of Clinical Data with Lilly. 3.6 All Clinical Data, including raw data and results, generated under this Agreement, as well as the protocol(s), analyses, plans and any other documentation prepared by one or more of the Parties under this Agreement specifically for use in connection with the Study and related to the Lilly Compound, shall be jointly owned by Lilly and Athenex.

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.