Mandatory Prior Consultation with Advisory Board Sample Clauses

Mandatory Prior Consultation with Advisory Board a. Prior to making an amendment to the Policies and Procedures, CRISP will provide the Advisory Board and the Participant with a copy of the terms of the amendment in accordance with Section 23.2, stating whether the amendment is deemed Material or Non- Material, as defined below, and with a summary of the reasons for the amendment. CRISP will thereafter consult with the Advisory Board and, upon Participant’s written request, made within thirty (30) days of receipt of the foregoing information, with the Participant, about the amendment. In the event that the Advisory Board, applying the standards set forth in Section 12.03 below, disagrees with CRISP’s decision that an amendment is Material or Non-Material, the decision of the Advisory Board will govern, unless these Terms and Conditions specify that an amendment will be deemed Material or Non-Material. In addition, CRISP will give due consideration to the input of the Advisory Board as to the need for and the specific terms of the amendment, but the final decision as to the need for and/or the terms of the amendment will be made by CRISP. b. When approval of the Advisory Board is required under this Agreement for purposes of reviewing secondary uses of data and public purposes (other than in connection with an amendment), CRISP will provide the Advisory Board and Participant with information about the matter requiring approval and CRISP’s position on the matter. The Advisory Board may receive comments from Participant, so long as such comments are provided within thirty
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Mandatory Prior Consultation with Advisory Board. Procedure for the Amendment to the Policies and Procedures and the Terms and Conditions a. Prior to making an amendment to the Policies and Procedures, CRISP will provide theconsult with the appropriate Advisory Committee.Board and the Participant with a copy of the terms of the amendment in accordance with Section 23.2, stating whether the amendment is deemed Material or Non- Material, as defined below, and with a summary of the reasons for the amendment. CRISP will thereafter consult with the Advisory Board and, upon Participant’s written request, made within thirty (30) days of receipt of the foregoing information, with the Participant, about the amendment. In the event that the Advisory Board, applying the standards set forth in Section b.a. below, disagrees with CRISP’s decision that an amendment is Material or Non-Material, the decision of the Advisory Board will govern, unless these Terms and Conditions specify that an amendment will be deemed Material or Non-Material. In addition, CRISP will give due consideration to the input of the Advisory Board as to the need for and the specific terms of the amendment, but the final decision as to the need for and/or the terms of the amendment will be made by CRISP.
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Mandatory Prior Consultation with Advisory Board a. Prior to making an amendment to the Policies and Procedures, CRISP will provide the Advisory Board and the Participant with a copy of the terms of the amendment in accordance with Section 21.2, stating whether the amendment is deemed Material or Non-Material, as defined below, and with a summary of the reasons for the amendment. CRISP will thereafter consult with the Advisory Board and, upon Participant’s request, with the Participant, about the amendment. In the event that the Advisory Board, applying the standards set forth in Section 10.03 below, disagrees with CRISP’s decision that an amendment is Material or Non-Material, the decision of the Advisory Board will govern, unless these Terms and Conditions specify that an amendment will be deemed Material or Non-Material. In addition, CRISP will give due consideration to the input of the Advisory Board as to the need for and the specific terms of the amendment, but the final decision as to the need for and/or the terms of the amendment will be made by CRISP. b. When approval of the Advisory Board is required under this Agreement for purposes of reviewing secondary uses of data and public purposes other than in connection with an Amendment, CRISP will provide the Advisory Board and Participant with information about the matter requiring approval and CRISP’s position on the matter. The Advisory Board may receive comments from Participant, so long as such comments are provided within thirty (30) days of Participant’s receipt of a copy of CRISP’s notice to the Advisory Board. Within thirty (30) days of providing the notice, CRISP may meet formally or informally with the Advisory Board to discuss the matter requiring the Advisory Board’s decision. Within forty-five (45) days of the receipt of CRISP’s notice, the Advisory Board shall provide CRISP with its decision in writing, which may accept CRISP’s request, accept it with modifications, or deny the request. The decision of the Advisory Board shall be binding on CRISP and Participant. If a CRISP’s decision is accepted with modifications, CRISP may, in its sole discretion, decline to implement its request. CRISP shall provide Participant with a copy of the Advisory Board’s decision. The provisions of this Section 10.02 b shall not apply when this Agreement specifies that CRISP consult with the Advisory Board. In such cases, CRISP will consult in good faith with the Advisory Board but the final decision is that of CRISP.
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Related to Mandatory Prior Consultation with Advisory Board

  • CONSULTATION WITH OTHER SUB-ADVISERS In performance of its duties and obligations under this Agreement, the Sub-Adviser shall not consult with any other sub-adviser to the Fund or a sub-adviser to a portfolio that is under common control with the Fund concerning transactions for the Fund, except as permitted by the policies and procedures of the Fund. The Sub-Adviser shall not provide investment advice to any assets of the Fund other than the assets managed by the Sub-Adviser.

  • Consultation with Experts The Administrative Agent may consult with legal counsel, independent public accountants, and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts.

  • Trustee's Good Faith Action, Expert Advice No Bond or Surety. The exercise by the Trustees of their powers hereunder shall be binding upon everyone interested in or dealing with the Trust. A Trustee shall be liable to the Trust and to any Shareholder solely for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and shall not be liable for errors of judgment or mistakes of fact or law. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission in accordance with such advice nor for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required.

  • Removal from any Boards and Positions Upon Executive’s termination of employment for any reason under this Agreement, Executive shall be deemed to resign (i) if a member, from the Board and board of directors of any Affiliate and any other board to which Executive has been appointed or nominated by or on behalf of the Employer, (ii) from each position with the Company or any Affiliate, including as an officer of the Company, the Bank, or any of their respective Affiliates and (iii) as a fiduciary of any employee benefit plan of the Employer.

  • Consultation with Attorney He or she has been advised to consult with his or her own attorney regarding all legal matters concerning an investment in the Company and the tax consequences of participating in the Company, and has done so, to the extent he or she considers necessary.