Common use of Strategic Plans Clause in Contracts

Strategic Plans. (a) Within one hundred twenty (120) days of the date of this Agreement and, for each subsequent year, at least thirty (but not more than ninety) days prior to the beginning of EMBRATEL's fiscal year, MCI shall use its management expertise and experience to assist EMBRATEL in the development of a Strategic Plan for EMBRATEL and for the approval of EMBRATEL's Board of Directors. MCI shall provide Management Services to assist EMBRATEL in implementing such Strategic Plan as requested. Such strategic Plan shall address: (i) Business strategies; planning (including technical, commercial, acquisitions, information systems and real property) and short, medium and long term timetables for the fulfillment of the plans; (ii) Financial aspects, with particular emphasis on the analysis of the financial performance which may include the financing needs and the utilization of the most suitable financing sources, improving EMBRATEL's return on capital invested; and assistance regarding the relationship with financial institutions and entities in order to obtain improved financing terms; and (iii) Administration and human resources with particular reference to the adoption of the most advisable administrative, accounting, tax, budgetary and fiscal practices, methods and controls. (b) Each Strategic Plan shall be developed by Embratel with MCI's assistance and presented to the Board of Directors of EMBRATEL (the "Board") for its approval.

Strategic Plans. (a) Within one hundred twenty (120) days of the date of this Agreement and, for each subsequent year, at least thirty (but not more than ninety) days prior to the beginning of EMBRATEL's ’s fiscal year, MCI shall use its management expertise and experience to assist EMBRATEL in the development of a Strategic Plan for EMBRATEL and for the approval of EMBRATEL's ’s Board of Directors. MCI shall provide Management Services to assist EMBRATEL in implementing such Strategic Plan as requested. Such strategic Plan shall address: (i) Business strategies; planning (including technical, commercial, acquisitions, information systems and real property) and short, medium and long term timetables for the fulfillment of the plans; (ii) Financial aspects, with particular emphasis on the analysis of the financial performance which may include the financing needs and the utilization of the most suitable financing sources, ; improving EMBRATEL's ’s return on capital invested; and assistance regarding the relationship with financial institutions and entities in order to obtain improved financing terms; and (iii) Administration and human resources with particular reference to the adoption of the most advisable administrative, accounting, tax, budgetary and fiscal practices, methods and controls. (b) Each Strategic Plan shall be developed by Embratel with MCI's ’s assistance and presented to the Board of Directors of EMBRATEL (the "“Board"”) for its approval.