Corrective Plan Clause Samples
A Corrective Plan clause outlines the procedures and requirements for addressing deficiencies or non-compliance identified during the performance of a contract. Typically, this clause requires the party at fault to submit a detailed plan specifying corrective actions, timelines, and responsible individuals to remedy the issue. The clause ensures that problems are systematically addressed and resolved, thereby maintaining contract performance standards and providing a structured approach to problem-solving.
Corrective Plan. At the conclusion of the meeting, a written plan to correct the violation(s), the assistance to be provided by the administration if appropriate, and a set time period in which to achieve such corrections shall be included as part of the document.
Corrective Plan. If the Executive Director determines, in his or her sole discretion, that the School is not progressing toward one or more of the performance goals set forth in the Accountability System, or that the School is not in compliance with the terms and conditions of the Charter, Indiana Charter Board policy, or any applicable State or Federal law, the Executive Director shall notify the Organizer in writing of, and give the Organizer a reasonable time, which shall not be less than fifteen (15) business days, to show cause why the Charter should not be revoked and/or a written proposal addressing the Organizer’s plan to remedy the deficiencies (the “Corrective Plan”). The Executive Director may accept or modify the Organizer’s proposed Corrective Plan, and/or order any other corrective action that the Executive Director considers necessary. Nothing in this Section may be considered a limitation on the Indiana Charter Board’s ability to revoke the Charter in accordance with Section 9.3.
Corrective Plan. If the Executive Director determines, in his or her sole discretion, that a School is not progressing toward one or more of the performance goals set forth in the Accountability System, or that a School is not in compliance with the terms and conditions of the Charter, Indiana Charter Board policy, or any applicable State or Federal law, the Executive Director shall notify the Organizer in writing of, and give the Organizer a reasonable time, which shall not be less than fifteen (15) business days, to show cause why the Charter should not be revoked, or why an individual School should not be closed, and/or a written proposal addressing the Organizer’s plan to remedy the deficiencies (the “Corrective Plan”). The Executive Director may accept or modify the Organizer’s proposed Corrective Plan, and/or order any other corrective action that the Executive Director considers necessary. Nothing in this Section may be considered a limitation on the Indiana Charter Board’s ability to revoke the Charter in accordance with Section 9.3.
Corrective Plan. (i) In the event of a Project P Excess Cost Overrun or a Project S Excess Cost Overrun (each, an “Excess Cost Overrun”), the following terms and conditions shall apply:
(A) the Borrower shall promptly (and in no event more than fifteen (15) Business Days after the applicable Measurement Date) notify DOE in writing of such Excess Cost Overrun, and within ten (10) Business Days thereafter shall deliver a proposed “Action Plan” demonstrating any projected cost savings and the amount required to be contributed by the Borrower to satisfy the Excess Cost Overrun;
(B) If the Borrower shall commit in writing in connection with the Action Plan to pay from Cash Equity the amount of the Excess Cost Overrun over the ensuing ninety (90) day period (or from time to time as and when the same becomes due) and provide evidence of the availability of Cash Equity for such payments satisfactory to DOE (the “Correction by Commitment Condition”), then DOE shall approve Advances in the amounts otherwise required under this Agreement as if there were no such Excess Cost Overrun, and the Borrower shall provide cash to cover Excess Cost Overruns required to be paid with cash in respect of each Advance;
(C) If the Borrower fails to meet the Correction by Commitment Condition in respect of an Excess Cost Overrun, or in the event at any time the Cash Equity Condition is not being satisfied, the Borrower shall submit to DOE not later than thirty (30) days following the applicable date of determination a written plan of corrective action intended to satisfy such Excess Cost Overrun or the failure of the Cash Equity Condition, either through obtaining additional equity investment, through generation of net cash from operations, or achieving cost savings under other line items in the applicable Project Budget or otherwise (a “Corrective Plan”), together with such documentation supporting such Corrective Plan as may reasonably be required by DOE;
(D) DOE shall either approve or disapprove, in its sole discretion (but subject to the safe harbor provisions of Section 2.10), any Corrective Plan within thirty (30) days following the date upon which it receives such Corrective Plan from the Borrower, together with any documentation supporting such Corrective Plan reasonably required by DOE; and
(E) In the event DOE disapproves a Corrective Plan, the parties shall cooperate in good faith to develop a Corrective Plan satisfactory to DOE in its sole discretion.