Define: Operational Control
What does "Operational Control" mean? The meaning differs based on the contract. We found 4 definitions across 3 companies in SEC filings.
Definition 1 (Salesforce, Inc., seen in 2 filings)
Operational Control means as defined in 14 C.F.R. Paragraph 1.1 and for the purpose of this Agreement, with respect to a flight, means the exercise of authority over initiating, conducting or terminating a flight, which shall include, without limitation, providing the flight crew, selecting the Pilot-In-Command and all other physical and technical operations of the Aircraft.
Source: Salesforce, Inc. 10-Q
Definition 2 (CATERPILLAR INC, seen in 1 filing)
Operational Control means as defined in FAR 1.1 and Federal Aviation Administration's interpretation thereof, includes, but is not limited to, possession, command, and, except for the independent obligations of the pilots under the FARs, exclusive control over (a) the pilots (b) determinations of whether any particular flight may be safely operated (c) assignment of pilots to particular flights (d) initiation and termination of all flights (e) directions to pilots to conduct flights and (f) dispatch or release of flights.
Source: CATERPILLAR INC 10-Q
Definition 3 (CATERPILLAR INC, seen in 1 filing)
Operational Control means possession, command, and, except for the independent obligations of the pilots under the FARs, exclusive control over (a) the pilots (b) determinations of whether any particular flight may be safely operated (c) assignment of pilots to particular flights (d) initiation and termination of all flights (e) directions to pilots to conduct flights and (f) dispatch or release of.
Source: CATERPILLAR INC 10-Q
Definition 4 (Salesforce, Inc., seen in 1 filing)
Operational Control means the exercise of authority over initiating, conducting or terminating a flight, which shall include, without limitation, providing the flight crew, selecting the Pilot-In-Command and all other physical and technical operations of the Aircraft.
Source: Salesforce, Inc. 10-K
Data extracted from 5 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.