Common use of Budgets Approval Clause in Contracts

Budgets Approval. Not later than thirty (30) days prior to the commencement of each fiscal year, prepare and submit to, and obtain the approval of a majority of, the Board of Directors, an annual budget with monthly operating budgets in detail for such fiscal year, including capital and operating expense budgets, cash flow projections and profit and loss projections, all itemized in reasonable detail (including itemization of provisions for officers' compensation).

Budgets Approval. Not later than At least thirty (30) days prior to the commencement of each fiscal year, prepare and submit to, and obtain in respect thereof the approval of a majority of, two-thirds of the members of the Board of Directors, an annual budget with a business plan and monthly operating budgets budget in detail for such each fiscal year, including capital and monthly operating expense budgets, cash flow projections expenses and profit and loss projections, all itemized in reasonable detail (quarterly cash flow projections and a capital expenditure budget for the fiscal year, and including itemization a summary of provisions for officers' compensation).proposed research and development

Budgets Approval. Not later than thirty (30) 30 days prior to the commencement of each fiscal year, prepare and submit to, and obtain the approval of a majority of, of the Board of DirectorsDirectors of, an annual budget with a business plan and monthly operating budgets in detail for such the upcoming fiscal year, including capital and operating expense budgets, cash flow projections and profit and loss projections, all itemized in reasonable detail (including itemization of provisions for officers' compensation).