Restaurant Management k. Honors
Restaurant Management. Manager shall oversee the day-to-day management of the Management Agreement Restaurants, which responsibilities shall include: (a) the hiring, training and supervising of all restaurant employees, as more particularly described below; (b) the reviewing, approving and paying of all operating expense; (c) the maintenance of business files and records; (d) the performance of general administrative functions; and (e) the preparation of the Management Agreement Restaurants’ monthly activities, as more particularly described below, and (f) such other actions as may be reasonably requested by the Company. In addition, Manager shall manage, operate, and maintain the Management Agreement Restaurants in such a manner that each Management Agreement Restaurant is at all times in substantial compliance with: (i) all zoning and use restrictions, fire codes, building codes, and other requirements issued by any governmental authority; (ii) all licenses, permits and other authorizations required in the operation of the Management Agreement Restaurants; (iii) any policy of insurance covering the Management Agreement Restaurants; (iv) any real estate lease, as applicable, to avoid any default by Company thereunder; (v) the negotiation of inventory purchase contracts with vendors; and (vi) all applicable laws and regulations.
Restaurant Management. Manager shall oversee the day-to-day management of the Restaurants, which responsibilities shall include: (a) the hiring, training and supervising of all restaurant employees, as more particularly described below; (b) the preparation of the Proposed Operating Budget and the updating of the Approved Operating Budget, as hereafter defined; (c) the reviewing, approving and paying of all operating expenses pursuant to the Approved Operating Budget; (d) the maintenance of business files and records; (e) the performance of general administrative functions; and (f) the preparation of the Restaurants' monthly activities, as more particularly described below. In addition, Manager shall manage, operate, and maintain the Restaurants in such a manner that each Restaurant is at all times in substantial compliance with: (i) all zoning and use restrictions, fire codes, building codes, and other requirements issued by any governmental authority; (ii) all licenses, permits and other authorizations required in the operation of the Restaurants; (iii) any policy of insurance covering the Restaurants; (iv) any real estate lease, as applicable, to avoid any default by Owner thereunder; (v) the negotiation of inventory purchase contracts with vendors, including combining purchasing quantity of Manager and its franchisee and/or licensees with the purchasing quantity of Owner, its affiliates and franchisee and/or licensees in order to obtain any vendor discounts, rebates or refunds; and (vi) all applicable laws and regulations. With the written consent of Owner, Manager may in the name of itself, Owner or both, take such appropriate action as necessary to challenge to protest the validity or application of any legal requirement, tax or other imposition against the Restaurants. Owner shall execute and deliver any documents which Manager deems reasonably necessary and appropriate in connection with such action.
