Common use of Subsequent Years Clause in Contracts

Subsequent Years. For the 2014 budget year and each subsequent budget year during the Permit Term, each Party will prepare and submit its Annual Party Work Plan and Cost Estimate for inclusion into the Annual Program Budget, in accordance with the requirements in Sections 4.4 and 4.5 but reflecting the activities and costs for the relevant budget year. The schedule for the submittal of the Annual Party Work Plan and Cost Estimate and the development and approval by the Implementing Committee and the EAA Board of Directors of the Annual Program Budget will be consistent with the schedule for the 2013 budget year, unless the Implementing Committee, with the approval of the EAA, establishes a different schedule.