Description of Industrial Minerals Operations Services Sample Clauses

Description of Industrial Minerals Operations Services. (a) The EVC Partnership will, subject to the direction and overriding authority of the Board of Directors and the Chief Executive Officer over the management and affairs generally of Fording ULC, provide services, and the services of personnel necessary to provide such services, to Fording ULC in order to permit Fording ULC to discharge its obligations under the Industrial Minerals Management Agreement, including: (i) management services; (ii) accounting, financial and tax services; (iii) information services; (iv) geology, engineering and technical services; and (v) human resources services. (b) Upon the reasonable request of the Chief Executive Officer or the Board of Directors, the EVC Partnership shall provide a report to Fording ULC in respect of the services to be provided by the EVC Partnership pursuant to Section 2.3(a) of this Agreement and the costs associated therewith. The report shall include a calculation of any overhead costs allocated by the EVC Partnership to Fording ULC relating to such services and shall be calculated in accordance with the allocation method approved by the Board of Directors from time to time. (c) The EVC Partnership shall make available to Fording ULC, on a full time basis for the purposes of the Industrial Minerals Operations, the services of those employees who provided services to Fording in respect of the Industrial Minerals Operations under the original agreement prior to the effective date of the Plan of Arrangement.
Sample 1
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Description of Industrial Minerals Operations Services. (a) The Partnership will, subject to the direction and overriding authority of the Board of Directors over the management and affairs generally of New Fording, provide to New Fording in respect of the Industrial Minerals Operations accounting, financial and tax services; information services; geology, engineering and technical services; and human resources services. (b) The Partnership shall provide reports as to the services and costs thereof as reasonably requested by the Chief Executive Officer or the Board of Directors. (c) In the event that those employees who provided services to the Industrial Minerals Operations prior to the Transaction become employees of the Partnership as a result of the Transaction, then the Partnership shall make the services of those employees available to New Fording on a full time basis for the purposes of the Industrial Minerals Operations.
Sample 1

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