Content and Submission of Programs Sample Clauses

Content and Submission of Programs. Proposed Programs and Budgets shall be prepared and submitted by the Operator; provided, however, that if the Operator fails to prepare and submit to Non-Operator a proposed Program and Budget or carry out a Program and Budget in any calendar year, then, after thirty (30) days advance notice that, unless the Operator proposed a Program and Budget within such thirty (30) days, the Non-Operator may propose to the Operator a Program and Budget. If the Operator is not prepared to convene the Management Committee and is not prepared to agree to fund its Participating Interest share of the Non-Operator's proposed Program and Budget within thirty (30) days of receipt of the Non-Operator's proposed Program and Budget then, provided that Non-Operator is willing to fund 100% of the Budget for its proposed Program, Non-Operator shall assume the duties of the Operator for the period required to carry out its proposed Program and Budget and all the provisions of this Agreement relating to the Operator shall apply mutatis mutandis to Non-Operator for the period it is conducting such Program. Each Program shall be accompanied by and shall include a corresponding Budget and shall designate precisely the area on which Operations are to be performed, describe work to be performed and state the estimated period of time required to perform the work. Each Program shall state whether it is an Exploration, Development or Mining Program;
Sample 1
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Content and Submission of Programs. Proposed Programs and Budgets shall be prepared and submitted by the Manager to the Management Committee for review and consideration. Each Program shall be accompanied by and shall include a corresponding Budget and shall designate precisely the area on which Operations are to be performed, describe the work to be performed and state the estimated period of time required to perform the work.
Sample 1

Related to Content and Submission of Programs

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  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the policies and procedures of the Company and IAC as they may exist from time to time.

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