Long-Term Management definition
Examples of Long-Term Management in a sentence
Wellsford shall cause the appropriate committee to take the appropriate action under Wellsford's 1992 Share Option Plan and under its Long-Term Management Incentive Plan to cause each option to purchase Wellsford Common Shares which remains unexercised as of the Effective Time to be amended to adjust the number of shares for which such option is thereafter exercisable and the exercise price by the Exchange Ratio, as provided for in the Articles of Merger.
The Long-Term Management Account will be funded through the initial allocation of 15 percent of all fees collected from credit sales.
Mitigation fees will fund the ILF Program Account and its constituent sub-accounts: Statewide Program Administration Account, Contingency Account, Long-Term Management Account, and Mitigation Account.
The Statewide ILF Program will maintain a Long-Term Management Account, with sub-accounts for each Service Area.
Upon satisfaction of requirements and performance standards for any compensatory mitigation project under this Instrument, the Corps will certify, following consultation with MARS and the IRT, that the Establishment Phase and monitoring period component of the Long-Term Management Phase of a compensatory mitigation project has concluded, that credits associated with the establishment of the site have been released, and that the long-term management plan has been approved.
Long-Term Management Account 15% Adaptive management and remediation of mitigation site, including defense of protections and financial assurances.
All funds within Mitigation Project Accounts will be restricted to implementation and operation of respective compensatory mitigation projects, but may be used for any expenses incurred by the project during the Establishment phase or Long-Term Management phase (see Section V.B. for description of Operational Phases).
Funds from the Long-Term Management Account may be used as Financial Assurances on a statewide basis.
The Long-Term Management Account will be funded initially by deposits of 15 percent of Credit Fees collected and may be adjusted by MARS as necessary.
The Long-Term Management Account will be held in reserve to fund long-term management, including adaptive management and remediation at compensatory mitigation project sites and enforcement of protections.