Content of Entrusted Operation Sample Clauses

Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not limited tomajor decision right management, capital management, financial management,assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A,Party A shall unconditionally provide necessary assistance. 1.4.1 Major Decision Right Management Page3 / 19 (1) Pursuant to Power of Attorney issued by the shareholders of Party A on the same dayas this Agreement (“Power of Attorney”), Party B shall have the right to participate inthe shareholder’s meeting of Party A, vote on the matters proposed at the meeting,suggest the holding of temporary shareholders’ meeting as the agent of theshareholders of Party A, and have other shareholders’ voting rights as stipulated inthe Articles of Association of Party A and the Companies Law of the PXX.Xxxxx B shall also have the right to make the following major decisions: a) to decide the operation plan and investment scheme for Party A; b) to discuss and approve the reports of the Executive Director and the supervisor; c) to discuss and approve the annual financial budget and settlement plan; d) to discuss approve the profit distribution plan and the loss compensation plan; e) within the authorization of the shareholder’s meeting, to decide suchmatters of Party A as investment, assets purchase or sale, assetsmortgage, external guarantee, assets management and related partytransaction; f) to resolve on the increase or decrease of the registered capital; g) to resolve on the issuance of the corporate bond; h) to resolve on the matters including merger, division, change of corporate form, dissolution and liquidation of the company; i) to amend the articles of association; j) to retain or replace the Certified Public Accounting (“CPA”) firm providingauditing service for Party A. (2) Party B shall have the right to designate candidatesof theexecutive director and supervisorof Party A. (3) Party B shall have the right to prepare the scheme to purchase or repurchase theshares of Party A, the scheme of reorganization and the scheme to gopublic for Party A; Party A should make sure that the shareholders of Party A shallagree such schemes and go through the necessary legal procedures to complete saidschemes.
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Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not be limited to the right to make major decisions, capital management, financial management, assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A, Party A shall unconditionally provide necessary assistance.
Sample 1

Related to Content of Entrusted Operation

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  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

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  • Safety Inspection During inspection of County facilities conducted by the State Division of Occupational Safety and Health for the purpose of determining compliance with the California OSHA requirements, an OCEA designated employee shall be allowed to accompany the inspector while the inspector is in the employee's agency/department. The employee so designated shall suffer no loss of pay when this function is performed during the employee's regularly scheduled work hours.

  • MANAGEMENT OF EVALUATION OUTCOMES 12.1 Where the Employer is, any time during the Employee’s employment, not satisfied with the Employee’s performance with respect to any matter dealt with in this Agreement, the Employer will give notice to the Employee to attend a meeting; 12.2 The Employee will have the opportunity at the meeting to satisfy the Employer of the measures being taken to ensure that his performance becomes satisfactory and any programme, including any dates, for implementing these measures; 12.3 Where there is a dispute or difference as to the performance of the Employee under this Agreement, the Parties will confer with a view to resolving the dispute or difference; and 12.4 In the case of unacceptable performance, the Employer shall – 12.4.1 Provide systematic remedial or developmental support to assist the Employee to improve his performance; and 12.4.2 After appropriate performance counselling and having provided the necessary guidance and/or support as well as reasonable time for improvement in performance, the Employer may consider steps to terminate the contract of employment of the Employee on grounds of unfitness or incapacity to carry out his or her duties.

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  • Working Environment The Parties agree that a safe and clean working environment is essential in order to carry out work assignments in a satisfactory manner. It will be the Employer's responsibility to ensure that all working areas and Employer-owned vehicles are maintained in a safe and clean condition.

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