Local Management Authority and Board Representation Sample Clauses

Local Management Authority and Board Representation. Buyer’s operating agreement will provide for its management by a seven person Board of Managers (the “Buyer Board”) and the Buyer Board will retain and hire local managers to operate the business and such management personnel will be authorized to make decisions that are intended to, at a minimum, assure the continued provision of quality customer service and will be authorized to use customer service expertise from Schurz Affiliates to develop new initiatives. Buyer will use commercially reasonable efforts to extend customer service hours to include off hours evening and weekend customer service. Buyer’s local management team will be empowered to work with local officials. Schurz corporate and broadband segment senior leadership teams will also use commercially reasonable efforts to visit Burlington on a regular basis and agree to periodic in-person meetings with elected public officials or members of the Burlington Telecom Advisory Board (or its successor). Buyer Board will include one member to be appointed by the City provided the City elects the required minimum purchase rights set forth in Section 8.09 below and, if the City elects its maximum purchase rights set forth in Section 8.09 below, it may appoint a total of two members of the Board, which appointee(s) will have a strong background in telecommunications, business and/or finance. Local senior management will report to a regional/segment general manager on an operational basis and will regularly update the Buyer Board. Buyer will have an annual strategic plan, budget, that will be presented and approved by the Buyer Board and conduct an independent audit that will be presented to the Buyer Board and such audit will be disseminated to the City and publicly.
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