Mismanagement Sample Clauses

Mismanagement. The Company may terminate this Agreement without cause by making a payment to the Consultant equal to three (3)

Mismanagement. Norec has a zero-tolerance approach to corruption. In the event of any financial mismanagement or suspicion of such mismanagement, further disbursements will be stopped, and legal action will be considered. As a party to the collaboration agreement, the coordinating partner is legally and financially responsible to Norec on behalf of the partnership, and must establish the necessary routines to prevent or detect any financial mismanagement within the partnership. Norec reserves the right to claim any repayments from the coordinating partner and any other party to this agreement receiving funds directly from ▇▇▇▇▇. MONITORING, EVALUATION AND REPORTING The parties to this partnership agreement agree: That the coordinating partner shall prepare the consolidated progress, results, financial and audit reports for the rounds. The other partners commit to preparing inputs for these reports in good time, according to the requirements, standards and deadlines set by ▇▇▇▇▇ and the coordinating partner. The project accounts shall be audited in accordance with the ISA 805 standard. All audits must be carried out by independent chartered/certified auditors. The audit must be carried out in accordance with the Norec template for financial reports (C04). The auditor must confirm the amount transferred from Norec and/or the coordinating partner. The exchange rate used for each transfer or the average for the round must also be specified and confirmed. The auditor must also confirm any unspent funds and currency gain/loss. The coordinating partner shall monitor the project as required. The coordinating partner is responsible for informing Norec of any relevant managerial issues related to the programme, personnel or financial administration. Norec and the Auditor General of Norway shall have general access to monitor all aspects of the project. Such monitoring may include following up on the activity and the financial reports and audits, attending midterm reviews, and conducting field visits to individual partners and participants in the partnership. Norec may hire external consultants to evaluate the project or conduct such evaluations themselves. PARTICIPANT ADMINISTRATION The parties to this partnership agreement agree that: The home and host partners shall mutually assess each other’s potential exchange participants in the recruitment phase. All participants shall have a contract of employment valid for the exchange period, i.e. from the first day of the preparatory tr...

Mismanagement. Either party may terminate this Agreement without cause upon 30 days’ prior written notice to the other Party.

Mismanagement. Failure to perform duties to the standard set by the City;