Common use of Implementation of Budgets and Discretionary Expenditures by CEO Clause in Contracts

Implementation of Budgets and Discretionary Expenditures by CEO. (a) After a Strategic Plan and an Annual Budget have been approved by the Partnership Governance Committee (or an Annual Budget has been developed in accordance with Section 8.2(b)), the CEO will be authorized, without further action by the Partnership Governance Committee, to cause the Partnership to make expenditures consistent with such Strategic Plan and Annual Budget; provided, however, that all internal control policies and procedures, including those regarding the required authority for certain expenditures, shall have been followed.

Appears in 6 contracts

Samples: Agreement (Millennium Chemicals Inc), Lease Agreement (Millennium Chemicals Inc), Agreement (Equistar Chemicals Lp)

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Implementation of Budgets and Discretionary Expenditures by CEO. (a) After a Strategic Plan and an Annual Budget have been approved by the Partnership Governance Committee (or an Annual Budget has been developed in accordance with Section 8.2(b)), the CEO will be authorized, without further --------------- action by the Partnership Governance Committee, to cause the Partnership to make expenditures consistent with such Strategic Plan and Annual Budget; provided, -------- however, that all internal control policies and procedures, including those ------- regarding the required authority for certain expenditures, shall have been followed.

Appears in 2 contracts

Samples: Lease Agreement (Lyondell Chemical Co), Lease Agreement (Equistar Chemicals Lp)

Implementation of Budgets and Discretionary Expenditures by CEO. (a) After a Strategic Plan and an Annual Budget have been approved by the Partnership Governance Committee (or an Annual Budget has been developed in accordance with Section 8.2(b)), the CEO will be authorized, without further -------------- action by the Partnership Governance Committee, to cause the Partnership to make expenditures consistent with such Strategic Plan and Annual Budget; provided, -------- however, that all internal control policies and procedures, including those ------- regarding the required authority for certain expenditures, shall have been followed.

Appears in 1 contract

Samples: Lease Agreement (Equistar Funding Corp)

Implementation of Budgets and Discretionary Expenditures by CEO. (a) After a Strategic Plan and an Annual Budget have been approved by the Partnership Governance Committee (or an Annual Budget has been developed in accordance with Section 8.2(b)), the CEO will be authorized, without further action by the Partnership Governance Committee, to cause the Partnership to make expenditures consistent with such Strategic Plan and Annual Budget; provided, however, that all internal control policies and procedures, including those regarding the toe required authority for certain expenditures, shall have been followed.

Appears in 1 contract

Samples: LyondellBasell F&F Holdco, LLC

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Implementation of Budgets and Discretionary Expenditures by CEO. (a) After a Strategic Plan and an Annual Budget have been approved by the Partnership Governance Committee (or an Annual Budget has been developed in accordance with Section 8.2(b)), the CEO will be authorized, without further action by the Partnership Governance Committee, to cause the Partnership to make expenditures consistent with such Strategic Plan and Annual Budget; provided, however, that all internal control policies and procedures, including those regarding the required authority for certain expenditures, shall have been followed.Section

Appears in 1 contract

Samples: Occidental Petroleum Corp /De/

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