Common use of FINANCIAL PLANNING AND GOALS Clause in Contracts

FINANCIAL PLANNING AND GOALS. Subject to Section 4.2.2. of this Agreement, Company shall prepare annual capital and operating budgets reflecting in reasonable detail anticipated revenues and expenses, and sources and uses of capital for growth in ROAII's practice and medical services rendered at the Practice Office. Said budgets shall reflect amounts, if any, allocated for capital purchases, improvements, expansion and any new leasing arrangements. Thereafter, but no later than thirty (30) days prior to the end of the fiscal year, the Policy Board and the Company shall agree upon a budget for the upcoming fiscal year. The budget, as described in Section 4.2.2., shall be binding upon Company and ROAII. Company shall consult with ROAII and the Policy Board in the preparation of all budgets. Company and ROAII acknowledge and agree that once a budget has been approved, neither Company nor ROAII shall make expenditures or incur expenses in excess of budgeted amounts without the prior approval of the Policy Board.

FINANCIAL PLANNING AND GOALS. Subject to Section 4.2.2. of this Agreement, Company shall prepare annual capital and operating budgets reflecting in reasonable detail anticipated revenues and expenses, and sources and uses of capital for growth in ROAIIGCOA's practice and medical services rendered at the Practice Office. Said budgets shall reflect amounts, if any, allocated for capital purchases, improvements, expansion and any new leasing arrangements. Thereafter, but no later than thirty (30) days prior to the end of the fiscal year, the Policy Board and the Company shall agree upon a budget for the upcoming fiscal year. The budget, as described in Section 4.2.2., shall be binding upon Company and ROAIIGCOA. Company shall consult with ROAII GCOA and the Policy Board in the preparation of all budgets. Company and ROAII GCOA acknowledge and agree that once a budget has been approved, neither Company nor ROAII GCOA shall make expenditures or incur expenses in excess of budgeted amounts without the prior approval of the Policy Board.

FINANCIAL PLANNING AND GOALS. Subject to Section 4.2.2. of this Agreement, Company shall prepare annual capital and operating budgets reflecting in reasonable detail anticipated revenues and expenses, and sources and uses of capital for growth in ROAIIVERO II's practice and medical services rendered at the Practice Office. Said budgets shall reflect amounts, if any, allocated for capital purchases, improvements, expansion and any new leasing arrangements. Thereafter, but no later than thirty (30) days prior to the end of the fiscal year, the Policy Board and the Company shall agree upon a budget for the upcoming fiscal year. The budget, as described in Section 4.2.2., shall be binding upon Company and ROAIIVERO II. Company shall consult with ROAII VERO II and the Policy Board in the preparation of all budgets. Company and ROAII VERO II acknowledge and agree that once a budget has been approved, neither Company nor ROAII VERO II shall make expenditures or incur expenses in excess of budgeted amounts without the prior approval of the Policy Board.