Common use of Long Term Plan Clause in Contracts

Long Term Plan. The Operator shall submit a proposal for a long-term plan to the management committee that shall reflect the goals and strategies that have been decided, adapted to the relevant phase of the activities and the challenges the joint venture is facing. Consistency between the long-term plan and the annual work programs and budgets shall be aimed at. The long-term plan shall describe the long-term and overall ambitions of the joint venture, its goals and main activities. The management committee shall each year decide whether an update of the long-term plan is needed. When preparing the long-term plan, the activities of the joint venture shall be considered in relation to possible synergies through collaboration with licensees of other licence areas.

Long Term Plan. The Operator shall submit a proposal for a long-term plan to the management committee Management Committee that shall reflect the goals and strategies that have been decided, adapted to the relevant phase of the activities and the challenges the joint venture Unit is facing. Consistency between the long-term plan and the annual work programs and budgets shall be aimed at. The long-term plan shall describe the long-term and overall ambitions of the joint ventureUnit, its goals and main activities. The management committee Management Committee shall each year decide whether an update of the long-term plan is needed. When preparing the long-term plan, the activities of the joint venture Unit shall be considered in relation to possible synergies through collaboration with licensees of other licence areas.

Long Term Plan. The Operator shall submit a proposal for a long-term plan to the management committee that shall reflect the goals and strategies that have been decided, adapted to the relevant phase of the activities and the challenges the joint venture Joint Venture is facing. Consistency between the long-term plan and the annual work programs and budgets shall be aimed at. The long-term plan shall describe the long-term and overall ambitions of the joint ventureJoint Venture, its goals and main activities. The management committee shall each year decide whether an update of the long-term plan is needed. When preparing the long-term plan, the activities of the joint venture Joint Venture shall be considered in relation to possible synergies through collaboration with licensees of other licence areas.