Governing Board Approval Required Sample Clauses

The 'Governing Board Approval Required' clause establishes that certain actions, decisions, or transactions cannot proceed without the formal approval of the organization's governing board. Typically, this applies to significant matters such as major contracts, mergers, acquisitions, or large expenditures, ensuring that these are reviewed and authorized at the highest level of oversight. By requiring board approval, the clause provides a safeguard against unilateral decision-making, promotes accountability, and ensures that critical organizational actions align with the board's strategic direction and fiduciary responsibilities.
Governing Board Approval Required. The School’s governing board shall adopt and maintain an annual balanced budget.
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Governing Board Approval Required. Pursuant to Section 1002.33(9)(h), Florida Statutes, the School’s Governing Board shall annually adopt and maintain an operating budget.
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Related to Governing Board Approval Required

  • Approval Required This Agreement shall not become effective or binding until approved by the City of Meridian.

  • Board Approval The Board of Directors of the Company has, as of the date of this Agreement, (i) determined that the Merger is fair to, advisable and in the best interests of the Company and its stockholders, (ii) determined to recommend that the stockholders of the Company adopt this Agreement and (iii) duly approved the Merger, this Agreement and the transactions contemplated hereby.

  • Prior Approval Required Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.