CTO Approval Sample Clauses

The CTO Approval clause requires that certain actions, decisions, or expenditures within an organization receive formal authorization from the Chief Technology Officer before proceeding. Typically, this clause applies to technology-related projects, significant software purchases, or the implementation of new systems, ensuring that technical standards and strategic objectives are met. Its core function is to centralize oversight and maintain quality control over technological initiatives, thereby reducing the risk of misaligned or unauthorized technology investments.
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CTO Approval. The Authority will issue an approved CTO. Each CTO will include (1) a numerical designator, (2) the description of the CTO Services, (3) the period of performance, schedule of deliverables, and milestones, if applicable, and (4) the not-to-exceed price and duration for the CTO which shall not be exceeded without receipt of an approved revision to the CTO. The Contractor shall start CTO Services within two weeks of receipt of a fully executed CTO. The Contractor shall not perform work beyond the expiration date of CTO. The Contractor shall inform the Authority in writing, four (4) weeks in advance of a CTO expiration date that the date is forecasted to be exceeded. At the time of written notice, a revision to the expiration date shall be requested.
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Related to CTO Approval

  • No Approval No approval of any third party including, but not limited to, any governmental authority is required in connection with the consummation of the transactions set forth in this Agreement.

  • Director Approval The Board of Directors of Holdings shall have approved this Agreement and the transactions contemplated herein.

  • Approval This Agreement shall not be binding until it has been approved by the Committee during a duly noticed Committee meeting.

  • No Approvals No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required in order for the Borrower to execute, deliver, or perform any of its obligations under this Note.

  • Board Approval The Board of Directors of Company has, as of the date of this Agreement, (i) determined that the Merger is fair to, and in the best interests of Company and its shareholders, and has approved this Agreement and (ii) declared the advisability of the Merger and recommends that the shareholders of Company approve and adopt this Agreement and approve the Merger.