Common use of Review of Objectives Clause in Contracts

Review of Objectives. For each Objective, the President shall promptly notify the Management Committee as to whether such Objective has been satisfied prior to its scheduled completion date as soon as the President has such information and in any event no later than 30 days following the scheduled completion date for such Objective. If, within 10 Business Days following receipt of such notification (or, if no such notification is given, within 10 Business Days following the applicable scheduled completion date), the Management Committee shall not have determined that the Company has met such Objective, the President shall, by no later than 45 days following the scheduled completion date for such Objective, submit to the Management Committee for approval a written recovery plan, including any proposed revisions to such Objective. The Management Committee shall review such plan and the President shall consult with the Management Committee as requested.

Review of Objectives. For each Objective, the President shall -------------------- promptly notify the Management Committee as to whether such Objective has been satisfied prior to its scheduled completion date as soon as the President has such information and in any event no later than 30 days following the scheduled completion date for such Objective. If, within 10 Business Days following receipt of such notification (or, if no such notification is given, within 10 Business Days following the applicable scheduled completion date), the Management Committee shall not have determined that the Company has met such Objective, the President shall, by no later than 45 days following the scheduled completion date for such Objective, submit to the Management Committee for approval a written recovery plan, including any proposed revisions to such Objective. The Management Committee shall review such plan and the President shall consult with the Management Committee as requested.