The Operating Committee Sample Clauses

The Operating Committee. (a) The Parties hereby establish a committee (the "Operating Committee") to oversee and review the conduct of the Credit Card Business pursuant to this Agreement. The Operating Committee shall consist of six voting members and up to four non-voting members, with an equal number appointed by the Company and by Household Bank. The voting members appointed by each of the Company and Household Bank shall include its chief financial officer, general counsel and senior credit officer or other personnel of comparable rank as may from time to time be designated by it.
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The Operating Committee. 8.1 Establishment and Powers There is hereby established an Operating Committee which shall exercise general supervision and control over all matters pertaining to the Joint Operations. Without limiting the generality of the foregoing, but subject as otherwise provided in this Agreement, the powers and duties of the Operating Committee shall include: (i) the consideration and determination of all matters relating to general policies, procedures and methods of operation hereunder;
Sample 1
The Operating Committee. The costs actually incurred by the CENTRAL BILLING PARTY in carrying out the central billing functions shall be charged to the MAINTENANCE AUTHORITIES as described in Article 18.7.
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The Operating Committee. (a) The Operating Committee shall consist of one representative and an alternate representative of each Party. Each Party shall notify the other Party of its appointments in writing. Such appointments may be changed at any time by providing similar advance notice in writing to the other Party.
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The Operating Committee. (a) The Operating Committee will, upon establishment, be comprised of four (4) members, of which two (2) members shall be appointed by the Shareholders’ Nominees and two (2) members shall be appointed by the incumbent members of the Board of Directors other than Shareholders Nominees.
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The Operating Committee. Bylaws may amend the provisions contained in paragraphs 1.8 to 1.15, 1.41 and 1.42 and their respective sub-paragraphs.
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The Operating Committee 
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Related to The Operating Committee

  • Operating Committee Composition and duties The Operating Committee, management and decision-making body of the Consortium, is composed of representatives of the Manager, the Operator, and other Consortium Members. The Operating Committee shall be composed of one (1) full member of each Consortium Member. Each full member may be replaced by one (1) alternate member. Any Consortium Member may appoint or replace their regular and alternate representatives in the Operating Committee at any time. Each full member shall have the right to be escorted by consultants in any Operating Committee meeting. The Operating Committee shall be chaired by the representative of the Manager. The Manager’s performance in the Operating Committee shall be guided by the principles of legality, morality, reasonability, proportionality, economy, efficiency, and impersonality, pursuant to the Best Practices of the Oil Industry. Acts performed by the Manager that affect the Contractors’ rights shall be grounded. The Operating Committee shall be responsible for: resolving upon the issues listed in the Table of Competences and Resolutions; ensuring full compliance of the clauses of this Agreement; supervising Operations performed; resolving upon plans, programs, reports, projects, and other matters required for the performance of the Operations subject matter of this Agreement. ensuring compliance with the Local Content contracted, pursuant to Section Twenty-Five, in addition to the provisions in the subsequent paragraphs and in Annex IX. Expenditures approved by the Operating Committee shall be recognized as Cost Oil, according to Section IV of Annex VII to this Agreement, except for events expressly provided for in this Agreement or made explicit by the Manager in the Operating Committee. Deadline for creation The Operating Committee shall be created by the Consortium Members within sixty (60) days of the date of execution of this Agreement. The Operating Committee shall be considered created after its first meeting. Failure to create the Operating Committee within the term established shall not entail extension of the terms established in this Agreement. Meetings The Operating Committee shall meet on an ordinary basis on the date, time, and place established in the Internal Regulation of the Operating Committee. Frequency of meetings shall be defined in the Internal Regulation of the Operating Committee. Extraordinary meetings may be requested at any time by any Consortium Member, notifying the chairman of the Operating Committee pursuant to the Internal Regulation of the Operating Committee. Discussions and resolutions made in the Operating Committee meetings shall be recorded in minutes and in voting records and signed by the full members present at the meeting or their respective alternates, when acting as full members, under the Internal Regulation of the Operating Committee. The meeting minutes and voting records shall be kept by the Operating Committee during the effectiveness of the Agreement. When the Agreement is terminated, the collection of meeting minutes and voting records shall be submitted to the Manager. At the meetings, the chairman of the Operating Committee is responsible for, among other duties: setting the agenda, calling, and preparing and distributing the schedule of the meetings; coordinating and guiding the meetings; coordinating, when applicable, the postal votes set forth in paragraphs Error: Reference source not found to 1.29. The Operator shall be responsible for appointing one executive secretary, without voting right, with the following duties, among others: prepare the meeting minutes and voting records; prepare and distribute the draft meeting minutes; consolidate the meeting minutes after receiving comments; prepare the voting record; provide copies of the meeting minutes and voting record to the members of the Operating Committee.

  • Management Committee The Parties will act in good faith and use commercially reasonable efforts to promptly resolve any claim, dispute, claim, controversy or disagreement (each a "Dispute") between the Parties or any of their respective subsidiaries, affiliates, successors and assigns under or related to this Agreement or any document executed pursuant to this Agreement or any of the transactions contemplated hereby. If the Parties cannot resolve the Dispute within such time frame, the Dispute will be submitted to the Management Committee for resolution. For ten (10) days following submission of the Dispute to the Management Committee, the Management Committee will have the exclusive right to resolve such Dispute; provided further that the Management Committee will have the final and exclusive right to resolve Disputes arising from any provision of the Agreement which expressly or implicitly provides for the Parties to reach mutual agreement as to certain terms. If the Management Committee is unable to amicably resolve the Dispute during the ten-day period, then the Management Committee will consider in good faith the possibility of retaining a third party mediator to facilitate resolution of the Dispute. In the event the Management Committee elects not to retain a mediator, the dispute will be subject to the resolution mechanisms described below. "Management Committee" will mean a committee made up of a senior executive from each of the Parties for the purpose of resolving Disputes under this Section 7 and generally overseeing the relationship between the Parties contemplated by this Agreement. Neither Party will seek, nor will be entitled to seek, binding outside resolution of the Dispute unless and until the Parties have been unable amicably to resolve the Dispute as set forth in this Section 7 and then, only in compliance with the procedures set forth in this Section 7.

  • Project Steering Committee 1. For a sound implementation and management of the project, a steering committee shall be set up in line with provisions of the programme implementation manual.

  • The Joint Committee (a) shall be composed of representatives of the Governments of the Parties; and

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • Steering Committee The Project Manager shall set up a Steering Committee for the Project, consisting of representatives from the Department, the Contractor, and any other key organisations whom the project will impact on, to be agreed between the parties. The function of the Steering Committee shall be to review the scope and direction of the Project against its aims and objectives, monitor progress and efficiency, and assess, manage and review expected impact and use of the findings from the Project. The Committee shall meet at times and dates agreed by the parties, or in the absence of agreement, specified by the Department. The Contractor’s representatives on the Steering Committee shall report their views on the progress of the Project to the Steering Committee in writing if requested by the Department. The Contractor’s representatives on the Steering Committee shall attend all meetings of the Steering Committee unless otherwise agreed by the Department.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board.

  • Labour Management Committee Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour-Management Committee Meeting during the term of this Agreement, the following shall apply. An equal number of representatives of each party as mutually agreed shall meet at a time and place mutually satisfactory. A request for a meeting hereunder will be made in writing prior to the date proposed and accompanied by an agenda of matters proposed to be discussed, which shall not include matters that are properly the subject of grievance or negotiations for the amendment or renewal of this agreement. Any representative(s) attending such meetings during their regularly scheduled hours of work shall not lose regular earnings as a result of such attendance. It is agreed that the topic of a rehabilitation program for drug and alcohol abuse is an appropriate topic for the Labour-Management Committee. It is understood that joint meetings with other Labour-Management Committees in the Hospital may be scheduled concerning issues of mutual interest if satisfactory to all concerned. Where two or more agreements exist between a Hospital and CUPE the Committee may be a joint one representing employees under both agreements, unless otherwise agreed."