Approval of Management Clause Samples

The 'Approval of Management' clause establishes that certain actions, decisions, or transactions require the formal consent of the company's management before proceeding. Typically, this clause applies to significant business matters such as entering into major contracts, making large expenditures, or implementing strategic changes, and may specify which level of management or which individuals must provide approval. Its core practical function is to ensure oversight and control by management, thereby reducing the risk of unauthorized or imprudent actions and maintaining organizational accountability.
POPULAR SAMPLE Copied 1 times
Approval of Management. Contractor recognizes the importance of establishing a successful relationship between its management and Agency and SBWMA staff. Before extending an offer of employment for the position of general manager, both initially and throughout the Term, Contractor shall provide the SBWMA with the description of the proposed position, an opportunity to review and comment upon the position description, the background, experience and qualifications of each candidate being considered for the position, and an opportunity to meet with each candidate. Contractor shall give thoughtful consideration to the SBWMA’s comments on the descriptions of the proposed position and each candidate, but shall have the ultimate right to make employment decisions in its best business judgment. If the Agency is dissatisfied with the performance of the management personnel, the Agency shall contact the general manager to discuss the employee’s performance. If the Agency is dissatisfied with the general manager, the Agency shall contact the group manager to discuss the general manager’s performance. 2592 2593 2594 2595 2596 2597 2598 2599 2600 2601 2602 2603 2604 2605 2606 2607 2608 2609 2610 2611 2612 2613 2614 2615 2616 2617 2618 2619 2620 2621 2622 2623 2624 2625 2626 2627 2628 2629 2630 2631 2632 2633 2634 2635 2636 Contractor shall advise the affected management employee of any complaints made by the Agency regarding the employee’s performance. The Parties shall meet and confer in good faith to address the Agency’s concerns, and shall agree on a corrective course of action to be implemented immediately. Contractor agrees to consider in good faith, but shall not be bound by, any requests by the Agency to transfer or re-assign a management employee should the Agency maintain in good faith that it can no longer work constructively with said employee.
View SourceView Similar (3)
Approval of Management. Contractor recognizes the importance of establishing a successful relationship between its management and Agency and SBWMA staff. Before extending an offer of employment for the position of general manager, both initially and throughout the Term, Contractor shall provide the SBWMA with the description of the proposed position; an opportunity to review and comment upon the position description, the background, experience, and qualifications of each candidate being considered for the position, and an opportunity to meet with each candidate. Contractor shall give thoughtful consideration to the SBWMA’s comments on the descriptions of the proposed position and each candidate, but shall have the ultimate right to make employment decisions in its best business judgment. If the Agency is dissatisfied with the performance of the management personnel, the Agency shall contact the general manager to discuss the employee’s performance. If the Agency is dissatisfied with the general manager, the Agency shall contact the group manager to discuss the general manager’s performance. Contractor shall advise the affected management employee of any complaints made by the Agency regarding the employee’s performance. The Parties shall meet and confer in good faith to address the Agency’s concerns, and shall agree on a corrective course of action to be implemented immediately. Contractor agrees to consider in good faith, but shall not be bound by, any requests by the Agency to transfer or re-assign a management employee should the Agency maintain in good faith that it can no longer work constructively with said employee.
View SourceView Similar (2)
Approval of Management. The Buyer shall have received the approval of the transaction contemplated hereby by its managing members, and if applicable, its Board of Directors.
View SourceView Similar (2)
Approval of Management. Lender shall have approved the make-up of the Company's executive management team; provided that for these purposes, Victor Alhadeff shall be approved to serve as the Company's chief ex▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and chairman of the board of directors.
View Source
Approval of Management. Lender shall have approved the make-up of the Company's executive management team; provided that for these purposes, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall be approved to serve as the Company's chief executive officer and chairman of the board of directors.
View Source

Related to Approval of Management

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

  • Approval of Plan Approval of the Plan by the Commissioner of Internal Revenue as referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and the Securities and Exchange Commission, and their approval means their confirmation with respect to any matter within their regulatory authority that the Plan does not conflict with applicable law.

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Approval of Documents The form and substance of all certificates, instruments and other documents required to be delivered to the Seller under this Agreement shall be reasonably satisfactory in all respects to the Seller and its counsel.

  • Change of Management Not to make any substantial change in the present executive or management personnel of the Borrower.