Common use of Compliance Programs Clause in Contracts

Compliance Programs. On or prior to the date that is six (6) months after the Closing, the Executive Shareholders shall cause each member of the CMC Group to have, to the satisfaction of the OEP and at the sole expense of the Company, established and implemented oversight and compliance programs acceptable to OEP and in accordance with all applicable laws with respect to: (i) compliance with anti-corruption and anti-bribery laws (including without limitation FCPA compliance); (ii) transfer-pricing arrangements related to transactions among the CMC Group; (iii) the adoption of accounting controls and procedures sufficient to comply with applicable law (including the Securities Act, the Exchange Act and applicable NASD and Nasdaq rules); (iv) an ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy and document retention policy (v) the adoption of charters for all committees of the Board of Directors; and (vi) the adoption of any other policy or procedure reasonably requested by OEP.