PARTNER FORUM Sample Clauses

PARTNER FORUM. 5.1 The Operator shall establish a partner forum (Partner Forum) for joint ventures having the same operator. Each participant in the joint ventures shall appoint one member and one alternate member, and may at any time make new appointments. 5.2 The Operator's member shall be the chairman of the Partner Forum. In his absence, his alternate member shall act as chairman. 5.3 The chairman shall convene the meetings of the Partner Forum. A meeting shall be held at least once a Year, and in any case a meeting shall be held before the Operator submits his proposal for work program and budget according to Article 13, but in any case no later than 15 September. A notice of a meeting must be received by the participants at least 10 working days in advance of the meeting. The notice shall state the time and place for the meeting and the agenda as well as requisite background materials. A participant may, giving at least 5 working days' notice to the chairman and the other participants, demand that other matters, cf. Article 5.5, be added to the agenda for the meeting. Matters not included in the agenda may only be acted upon in the meeting provided that all licensees are attending the Partner Forum and agree that the matter may be raised in the meeting. The individual joint venture may, following a decision by the management committee, demand that the chairman of the Partner Forum convene a meeting to deal with matters stated in Article 5.5. In matters relating to unsettled audit claims, the chairman shall convene a Partner Forum to handle claims according to provisions of Attachment B – Accounting Agreement. 5.4 In the Partner Forum, matters shall be subject to common discussions. The Partner Forum has no authority to make decisions. 5.5 The Partner Forum shall deal with matters that are common to all the joint ventures of the Operator concerning the Operator's charging of costs and other matters of common interest within the scope of the provisions of Attachment A – Joint Operation Agreement, Attachment B – Accounting Agreement and applicable legislation. Such matters comprise, among others: The Operator's allocation methods for the charging of costs; Criteria for charging of the Operator's costs to the Joint Account and the Operator's own costs; The Operator's hourly rates, efficiency measures and stretch targets; Benchmarking of the Operator's costs; Reorganization or restructuring costs that the Operator proposes to charge to all joint ventures according to ru...