Common use of Co-Management Clause in Contracts

Co-Management. It is anticipated that through its early stages, SSA will be con-managed by ▇.▇. ▇▇▇▇▇▇▇ and ▇. ▇. ▇▇▇▇▇▇ to achieve the overall objectives of Marathon and Ashland for MAP. During such stages, it is anticipated that ▇▇▇▇▇▇’ emphasis will be on SSA operations and Yammine’s on SSA financial and other support functions, but they will share responsibility for managing SSA, ensuring that best practices guide the integration process in the manner and on the timetable described in this protocol, and ensuring that the non-integrated segments on SSA continue to operate smoothly and efficiently. References in this protocol to the executive management of SSA are references to ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇. ALL SSA EXECUTIVE MANAGEMENT DECISIONS, RECOMMENDATIONS AND OTHER ACTIONS RELATIVE TO INTEGRATION AND TO ONGOING OPERATION OF SSA’S BUSINESS ARE TO BE MADE JOINTLY BY YAMMINE AND ▇▇▇▇▇▇; PROVIDED THAT IF ▇▇▇▇▇▇▇ AND ▇▇▇▇▇▇ ARE UNABLE TO AGREE ON A DECISION, RECOMMENDATION OR ACTION, THEY WILL REPORT TO THE PRESIDENT OF MAP WHO WILL RESOLVE ANY DIFFERENCE AND REPORT HIS RECOMMENDATION TO THE MAP BOARD ON ANY MATTER REQUIRED HEREUNDER, INCLUDING LEVEL III DECISIONS.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ashland Inc), Limited Liability Company Agreement (Marathon Oil Corp)