Common use of Duties of the Association Clause in Contracts

Duties of the Association. The Association shall take action to ------------------------- approve or disapprove the budgets proposed by Company not later than twenty-one (21) days after submission of the budgets to the Association. Notice of the action by the Association with regard to the budgets shall be delivered to Company if all aspects of the budgets as proposed by Company are not approved by the Association. If such notice of disapproval is not delivered to Company within fourteen (14) days prior to the commencement of the Association's fiscal year, the budgets shall be deemed to be approved by the Association as proposed by Company.

Appears in 2 contracts

Samples: Management and Consulting Agreement (Occusystems Inc), Management and Consulting Agreement (Occusystems Inc)

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Duties of the Association. The Association shall take action to ------------------------- approve or disapprove the budgets proposed by Company the Corporation not later than twenty-one (21) days after submission of the budgets to the Association. Notice of the action by the Association with regard to the budgets shall be delivered to Company the Corporation if all aspects of the budgets as proposed by Company the Corporation are not approved by the Association. If such notice of disapproval is not delivered to Company the Corporation within fourteen (14) days prior to the commencement of the Association's fiscal year, the budgets shall be deemed to be approved by the Association as proposed by Companythe Corporation.

Appears in 1 contract

Samples: Management and Consulting Agreement (Concentra Group Holdings Parent, Inc.)

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Duties of the Association. The Association shall take action to ------------------------- approve or disapprove the budgets proposed by Company the Corporation not later than twenty-one (21) days after submission of the budgets to the Association. Notice of the action by the Association with regard to the budgets shall be delivered to Company the Corporation and Concentra if all aspects of the budgets as proposed by Company the Corporation are not approved by the Association. If such notice of disapproval is not delivered to Company the Corporation and Concentra within fourteen (14) days prior to the commencement of the Association's ’s fiscal year, the budgets shall be deemed to be approved by the Association as proposed by Companythe Corporation.

Appears in 1 contract

Samples: Management and Consulting Agreement (Concentra Operating Corp)

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