Common use of Operating Review Process Clause in Contracts

Operating Review Process. Until the Second Trigger Date, upon ▇▇▇▇▇▇▇ Parent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Emerson Parent shall meet with members of Emerson Parent’s senior management at least four times a fiscal year to discuss matters relating to ▇▇▇▇▇▇▇’▇ investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the ▇▇▇▇▇▇▇ Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.

Appears in 1 contract

Sources: Transaction Agreement and Plan of Merger (Aspen Technology Inc /De/)

Operating Review Process. Until the Second Trigger Date, upon ▇▇▇▇▇▇▇ Parent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Emerson Parent shall meet with members of Emerson Parent’s senior management at least four times a fiscal year to discuss matters relating to ▇▇▇▇▇▇▇’▇ investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the ▇▇▇▇▇▇▇ Emerson Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.

Appears in 1 contract

Sources: Transaction Agreement and Plan of Merger (Aspen Technology Inc /De/)

Operating Review Process. Until the Second Trigger Date, upon ▇▇▇▇▇▇▇ Emerson Parent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Emerson Parent shall meet with members of Emerson Parent’s senior management at least four times a fiscal year to discuss matters relating to E▇▇▇▇▇▇’▇ investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the E▇▇▇▇▇▇ Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.

Appears in 1 contract

Sources: Transaction Agreement and Plan of Merger (Emerson Electric Co)

Operating Review Process. Until the Second Trigger Date, upon ▇▇▇▇▇▇▇ Parent▇▇▇▇▇▇’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Emerson Parent ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ shall meet with members of Emerson Parent▇▇▇▇▇▇▇ ▇▇▇▇▇▇’s senior management at least four times a fiscal year to discuss matters relating to ▇▇▇▇▇▇▇’▇ investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the ▇▇▇▇▇▇▇ Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.

Appears in 1 contract

Sources: Transaction Agreement and Plan of Merger (Aspen Technology, Inc.)