Administrative Operations. The Board shall determine how to accomplish the administrative and other functions of the CMG in accordance with the CMG’s annual budget. In doing so, the Board may hire staff and delegate to such staff any decisions necessary to administer the day‐to‐day operations of the CMG. Such staff may include, without limitation, an executive director for the CMG, whose duties and responsibilities shall be set by the Board. All decisions by the Board with respect to the administrative operations of the CMG shall be made by the majority of the Board. CMG may conduct such documentary and physical inspections of the Project to audit Centennial’s compliance with the Agreement and to verify the accuracy of the Annual Reports, and Centennial shall comply with such inspection and audit requests in a timely fashion.
Appears in 2 contracts
Sources: Settlement Agreement (Tejon Ranch Co), Settlement Agreement
Administrative Operations. The Board shall determine how to accomplish the administrative and other functions of the CMG in accordance with the CMG’s 's annual budget. In doing so, the Board may hire staff and delegate to such staff any decisions necessary to administer the day‐to‐day day-to-day operations of the CMG. Such staff may include, without limitation, an executive director for the CMG, whose duties and responsibilities shall be set by the Board. All decisions by the Board with respect to the administrative operations of the CMG shall be made by the majority of the Board. CMG may conduct such documentary and physical inspections of the Project to audit Centennial’s 's compliance with the Agreement and to verify the accuracy of the Annual Reports, and Centennial shall comply with such inspection and audit requests in a timely fashion.
Appears in 1 contract
Sources: Settlement Agreement