Annual Financial Plan definition
Examples of Annual Financial Plan in a sentence
As such, they are to abide by the policies, procedures and financial obligations outlined in the Airshed Group’s Operating Guide and Annual Financial Plan.
When used in these By-Laws, the term "Annual Financial Plan" shall mean an annual financial plan, which shall be approved by the Board of Directors not later than the last day of the preceding fiscal year (or at such later time determined by the Board pursuant to Section 2.1).
Annual costs to be contributed by participating agencies to cover operating expenses according to contributing agency fiscal year requirements will be reviewed/updated annually and agreed to in the Annual Financial Plan (Attachment 2).
Operator shall operate and manage the Hotel for Owner in strict compliance in all material respects with the First Class Hotel Standard, the Franchise Agreement, the Mortgage, if any, the Annual Financial Plan, Legal Requirements and the requirements of any Union Agreements.
The Board shall adopt the Annual Capital Expenditure Budget and the Annual Financial Plan, both as defined in Section 3.3, for each fiscal year not later than the last day of the preceding fiscal year or at such later time as shall be determined by resolution of the Board.
Notwithstanding Section 1.1(c), the Annual Financial Plan will be subject to the review and approval of each Representative.
On or before November 1st of each Fiscal Year thereafter commencing November 1, 2007, Operator shall submit to Owner for its approval a proposed Annual Financial Plan (“AFP”) consisting of an Annual Operating Budget, Capital Budget, Marketing Plan and Management Plan as set forth hereunder, including the information described on Exhibit F attached to and made a part of this Agreement.
If I have not yet received a completed Financial Plan for a current year and I have paid some or all of my Annual Fee already, I may be entitled to a refund of the fees paid during the active planning year if my Financial Advisor has not completed at least three of the components of my Annual Financial Plan described in Section 1(c)(ii) above.
Pending Owner’s approval of the proposed Annual Financial Plan for that period, Operator shall operate the Hotel based upon budgeted expenses consistent with the historical practices for the Hotel, as required by the Franchise Agreement, or as otherwise directed by Owner.
Employee and the other members of the Company's senior management will make themselves available at the convenience of the members of the Company's Compensation Committee to discuss, analyze, review, explain, comment and if appropriate, make revisions, to the Annual Financial Plan which has been submitted by Employee and senior management of the Company.