Example ContractsClausesComponent Costs
Component Costs
Component Costs contract clause examples

Component Costs. If Patheon incurs an increase in Component costs during the Year (for clarity, this excludes Client-Supplied Components), it may increase the Price for the next Year to pass through the additional Component costs at Patheon’s cost; provided, however, that in the event any proposed increase in the cost of a Component exceeds ​ of the cost for that Component upon which the most recent fee quote was based, and that a change of supplier is mutually agreed between Patheon and Client pursuant to [Section 4.2(e)], Patheon and Client will use commercially reasonable efforts to locate an equivalent alternative lower cost supplier for the applicable Component. If as a result of both parties’ efforts pursuant to [Section 4.2(e)] (but not if Patheon is acting alone) Patheon incurs a net decrease (including any rebates or discounts) in Component costs during the Year, the net cost savings will be ​ in accordance with [Section 4.2(e)] and it will decrease the Price for the next Year to pass through the additional Component cost savings allocated to Client (but not those allocated to Patheon). On or about ​ of each Year, Patheon will give Client information about the increase or decrease in Component costs which will be applied to the calculation of the Price for the next Year to reasonably demonstrate that any Price increase or decrease is in compliance with this [Section 4.2(b)]. But Patheon will not be required to give information to Client that is subject to obligations of confidentiality between Patheon and its suppliers.

Component Costs. If [[Organization A:Organization]] incurs an increase in Component costs during the Year, it may increase the Price for the next Year to pass through the additional Component costs. On or about November 1st of each Year, [[Organization A:Organization]] will give Client information about the increase in Component costs which will be applied to the calculation of the Price for the next Year to reasonably demonstrate that the Price increase is justified.

Component Costs. If Patheon incurs an increase in Component costs during the Year, it may increase the Price for the next Year to pass through the additional Component costs at Patheon’s cost. On or before ​ of each Year, Patheon will give Client information about the increase in Component costs which will be applied to the calculation of the Price for the next Year to reasonably demonstrate that the Price increase is justified. But Patheon will not be required to give information to Client that is subject to obligations of confidentiality between Patheon and its suppliers.

Component Costs. If [[Organization A:Organization]] incurs an increase or decrease in Component costs during the Year, it may ​. [[Organization A:Organization]] will give Client information about the increase or decrease in Component costs which will be applied to the calculation of the Price for the next Year to reasonably demonstrate that the Price increase or decrease is justified.

Extraordinary Increases in Component Costs. If the cost of a Component increases cumulatively by at least ​ since the last annual adjustment as a result of market factors outside of Patheon’s control, then Patheon will be entitled to adjust the Price proportionately and as otherwise agreed in the Product Agreement. The revised Price will become effective with the first use of the higher cost Component in the manufacture of the Product. For a Price adjustment under this Section 4.3(a), Patheon will deliver to Client a revised [Schedule A] to the Product Agreement.

Extraordinary Increases in Component Costs. If the cost of a Component increases cumulatively by at least ​ since ​ adjustment as a result of ​, and Patheon has ​ then Patheon will be entitled to request an adjustment of the Price proportionately, and as otherwise agreed in the [Appendix 1] of this Agreement. Patheon must provide Client with details of the specific cost drivers causing the invocation of this clause, as well as ​ as per the above. The revised Price will become effective with the first use of the higher cost Component in the manufacture of the Product. For a Price adjustment under this [Section 4.3(a)], Patheon will deliver to Client a revised [Appendix 1]. In such an instance, Client will have the right to audit Patheon records (using an independent auditor in the event of third-party confidentiality obligations) in accordance with [Section 7.4] to verify such cost drivers ​.

Final Component. The remaining ​ of your Retention Bonus (the “Final Component”) will be paid to you if, and only if, you are employed by the Company Group on the Completion Date. In the event your employment terminates before the Completion Date due to a Qualifying Termination, the Company will pay you within 90 days of your Qualifying Termination (but in any event no later than March 15 of the year following such termination) a pro rata portion of the Final Component based on the relative number of days you were employed during the Retention Period.

The discretionary component is designed to reward Participants for various factors related to their contributions to the Company during the Plan Year. Following the completion of the Plan Year, a pool of money will be distributed to each division head to allocate in their discretion (with oversight from the Plan Administrators) among their Participants in each Segment based on the division head’s assessment of various factors related to contributions to the Company during the Plan Year. This amount will then be added to the amount attributable to the Achievement Metrics component, as described above, to arrive at each Participant’s total bonus.

Cash Component. The cash component of the 2020 LTIP will be governed by this document.

Equity Component. The equity component of the 2020 LTIP will consist of restricted stock that vests in four equal annual installments. Specifically, 25% of the shares will vest on each anniversary of the grant date, with the final installment vesting in 2024. The terms and conditions, including treatment upon termination of employment, of the grant are set forth in an award agreement that will be issued to each recipient.

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