Evaluation of Management. Dealer and Seller understand and acknowledge that the personal qualifications, expertise, reputation, integrity, experience and ability of the Dealer Principal and Executive Manager and their ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this Agreement. Seller may from time to time develop standards and/or procedures for evaluating the performance of the Dealer Principal and Executive Manager and of Dealer's personnel generally. Seller may, from time to time, evaluate the performance of the Dealer Principal and Executive Manager and will advise Dealer, the Dealer Principal and the Executive Manager of the results of such evaluations and the way in which any deficiencies affect Dealer's performance of its obligations under this Agreement.
Evaluation of Management. Dealer and Seller understand and acknowledge that the personal qualifications, expertise, reputation, ability, integrity, experience and ability of the Executive Manager and his or her ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this Agreement. Seller may from time to time develop standards and/or procedures for evaluating the performance of the Executive Manager and of Dealer's personnel generally. Seller may, from time to time, evaluate the performance of the Executive Manager and will advise Dealer and the Executive Manager of the results of such evaluations, and Dealer shall promptly take such action as may be required to correct any deficiencies in the Executive Manager's performance to the reasonable satisfaction of Seller.
Evaluation of Management. The parties agree to the principle of evaluation of management. Recognizing that evaluation is a responsibility of the Employer, the Employer will ensure that the annual evaluation of all persons in management positions, both those excluded from and those included in the Bargaining Unit, will include input from peers, supervised individuals, and other relevant stakeholders.
Evaluation of Management. Dealer and Seller understand and acknowledge that the personal qualifications, expertise, reputation, integrity, experience and ability of the Executive Manager and his or her ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this Agreement. Seller may from time to time develop standards and/or procedures for evaluating the performance of the Executive Manager and of Dealer's personnel generally. Seller may, from time to time, evaluate the performance of the Executive Manager and will advise Dealer and the Executive Manager of the results of such evaluations and the way in which any deficiencies affect Dealer's performance of its obligations under this Agreement.
Evaluation of Management. Dealer and Seller understand and acknowledge that the personal qualifications, expertise, reputation, ability, integrity, experience and ability of the Executive Manager and his or her ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this Agreement. Seller may from time to time develop standards and/or procedures for evaluating the performance of the Executive Manager and of Dealer's personnel generally. Seller may, from time to time, evaluate the performance of the Executive Manager and will advise Dealer and the Executive Manager of the results of such evaluations, and Dealer shall promptly take such action as may be required to correct any deficiencies in the Executive Manager's performance to the reasonable satisfaction of Seller. <PAGE> ARTICLE FIFTH: Additional Provisions The additional provisions set forth in the attached "Nissan Dealer Sales and Service Agreement Standard Provisions," bearing form number NDA-4S/9-88 are hereby incorporated in and made a part of this Agreement. The Notice of Primary Market Area, Dealership Facilities Addendum, Product Addendum, Dealer Identification Addendum, Holding Company Addendum, if applicable, and all Guides referred to in this Agreement (including references contained in the Standard Provisions referred to above) are hereby incorporated in and made a part of this Agreement. Dealer further agrees to be bound by and comply with: the Warranty Manual; Seller's Manuals or Instructions heretofore or hereafter issued by Seller to Dealer; any amendment, revision or supplement to any of the foregoing; and any other manuals heretofore or hereafter issued by Seller to Dealer. ARTICLE SIXTH: Termination of Prior Agreements This Agreement cancels, supersedes and annuls all prior contracts, agreements and understandings except as stated herein, all negotiations, representations and understandings being merged herein. No waiver, modification or change of any of the terms of this Agreement or change or erasure of any printed part of this Agreement or addition to it (except filling of blank spaces and lines) will be valid or binding on Seller unless approved in writing by the President or an authorized Vice-President of Seller. ARTICLE SEVENTH: Term This Agreement shall have a term commencing on the effective date hereof and continuing until terminated by either party in accordance with Section 12 of the Standard Provisions. ARTICL...
Evaluation of Management. Dealer and Seller understand and ------------------------ acknowledge that the personal qualifications, expertise, reputation, integrity, experience and ability of the Dealer Principal and Executive Manager and their ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this
Evaluation of Management. A critical area of the underwriting is the accurate assessment of management’s strengths and weaknesses. Past performance of the company, past experience of management, references, how management reacts under stress and to poor business conditions and the quality of a company’s MIS are important indicators of the quality of management. Management needs to be capable of making the difficult decisions that may be necessary to get a company through difficult times. Equally important is determining management’s commitment to the business. The Investment Officer and Underwriter are always to be involved in this analysis. When necessary, Senior Management of the Company should supplement this process. In the case of an LBO, we should evaluate not only the buying or sponsor group but also the management who will be executing the business plan. The qualities that should be addressed in making this evaluation are as follows: Performance-What has been management’s track record in delivering projected performance? Accountability-Are key aspects of the business plan identified and assigned to specific persons for execution? Decisiveness-Is management capable of making timely decisions? Industry Knowledge-Does management possess an in-depth knowledge of their industry? Are they capable of quickly adapting to changes in the industry? Commitment-Is management sufficiently committed (subject to non-competition agreement) to the business so that if a downturn should occur they will remain in place? Communication-Does management do a good job of openly communicating with customers, vendors, employees, lenders, etc.? Keeping all parties informed of good and bad news? Organization Intelligence-Does management have the MIS in place to intelligently run its business? Is management sufficiently informed about its competitors, customers, vendors, etc. in order to anticipate problems?
Evaluation of Management. Group 1 and NMC understand and acknowledge that the personal qualifications, expertise, reputation, integrity, experience and ability of the Dealer Principal and Executive Manager and their ability to effectively manage a dealership's day-to-day operations is critical to the success of such dealership in performing its obligations under the respective Agreement. NMC may from time to time develop standards and/or procedures for evaluating the performance of the Dealer Principal and Executive Manager and of Group 1's Nissan and Infiniti dealership personnel generally. NMC may, from time to time, evaluate the performance of the Dealer Principal and Executive Manager, based on the standards established in the dealership's business plan, and will advise Group 1, the respective Dealer Principal and the Executive Manager of the results of such evaluations and the way in which any deficiencies affect such dealership's performance of its obligations under the applicable Agreement.
Evaluation of Management. Sunbelt and NMC understand and acknowledge that the personal qualifications, expertise, reputation, integrity, experience and ability of the Dealer Principal and Executive Manager and their ability to effectively manage a dealership's day-to-day operations is critical to the success of such dealership in performing its obligations under the respective Agreement. NMC may from time to time develop standards and/or procedures for evaluating the performance of the Dealer Principal and Executive Manager and of Sunbelt's Nissan and Infiniti dealership personnel generally. NMC may, from time to time, evaluate the performance of the Dealer Principal and Executive Manager, based on the standards established in the
Evaluation of Management. Dealer and Seller understand and acknowledge that the personal qualifications, expertise, reputation, ability, integrity, experience and ability of the Executive Manager and his or her ability to effectively manage Dealer's day-to-day Dealership Operations is critical to the success of Dealer in performing its obligations under this Agreement. Seller may from time to time develop standards and/or procedures for evaluating the performance of the Executive Manager and will advise Dealer and the Executive Manager of the results of such evaluations, and Dealer shall promptly take such action as may be required to correct any deficiencies in the Executive Manager's performance to the reasonable satisfaction of Seller.
