Preopening Plan Clause Samples

Preopening Plan. (a) Within one hundred twenty (120) days prior to the proposed Opening Date, Manager shall prepare and deliver to Owner for review and approval a preliminary preopening plan and budget for the execution of activities necessary to open and operate the Hotel to the Standard (the “Preopening Plan”), including the following information: (1) a preliminary budget and monthly expenditure chart for the Preopening Period, including all Preopening Expenses; (2) an organization chart of job positions for all individuals, including all Preopening Personnel, who perform the services necessary or advisable to prepare the Hotel for the Opening Date; (3) a preliminary staffing plan setting forth positions, timing of commencement of employment, and average compensation for Hotel employees as of and after the Opening Date; (4) a preliminary cost estimate and outline (including an outline of the timing of the implementation) of the critical elements of the Preopening Marketing Plan described in Section 3.6 below; (5) a description of the employee training programs to be implemented during the Preopening Period and the estimated cost of the programs; and (6) a preliminary cost estimate for Opening Inventory and for initial cash reserves, including “house banks.” (b) Within thirty (30) days following Manager’s submission of the Preopening Plan, Owner shall submit to Manager, in reasonable detail, its comments on the preliminary Preopening Plan. Owner and Manager shall work together to reach agreement on the Preopening Plan as soon as reasonably possible. Any dispute between Owner and Manager with respect to the Preopening Plan shall be resolved in the manner provided for resolution of
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Related to Preopening Plan

  • Terms and Reopening Negotiations This Agreement shall remain in full force and effect for the period of July 1, 2021 through June 30, 2023 and thereafter until modifications are made pursuant to P.E.L.R. A. Unless otherwise mutually agreed, the parties shall not commence negotiations for the next Agreement more than 90 days prior to the expiration of this Agreement.

  • ACADEMY OPENING DATE The Academy shall open as a school on 1 August replacing Harrow High School and Sports College which shall cease to be maintained by the Local Authority on that date, which date shall be the conversion date within the meaning of the Academies Act 2010.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Operating Plan To Agent and Lenders, as soon as available, but not later than thirty (30) days after the end of each Fiscal Year, an annual combined operating plan (the "Operating Plan") for Parent and its Subsidiaries, approved by the Board of Directors of Parent, for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based, (ii) includes projected monthly income statement, balance sheets and source and use of funds for the following year and (iii) Borrowing Availability projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management's good faith estimates of future financial performance based on historical performance), and including plans for personnel, Capital Expenditures and facilities.

  • Training Program It is agreed that there shall be an Apprenticeship Training Program, the provisions of which are set forth in Exhibit "D", which is attached hereto and forms part of this Agreement.