Common use of Monitoring Performance Clause in Contracts

Monitoring Performance. ‌ ONE JIB shall exercise prudence in selecting an Agent, in establishing the terms of the Agent’s authority and in monitoring the Agent’s performance to ensure compliance with those terms. Prudence in monitoring an Agent’s performance includes: (a) reviewing the Agent’s reports; (b) regularly reviewing the agreement between ONE JIB and the Agent and how it is being put into effect, including assessing whether the requirements included in each applicable IPS and each applicable Investment Plan are being complied with; (c) considering whether directions should be provided to the Agent or whether the Agent’s appointment should be revoked; and (d) providing directions to the Agent or revoking the appointment if ONE JIB considers it appropriate to do so.

Monitoring Performance. ‌ ONE JIB shall exercise prudence in selecting an Agent, in establishing the terms of the Agent’s authority and in monitoring the Agent’s performance to ensure compliance with those terms. Prudence in monitoring an Agent’s performance includes: (a) reviewing the Agent’s reports; (b) regularly reviewing the agreement between ONE JIB and the Agent and how it is being put into effect, including assessing whether the requirements included in each applicable IPS and each applicable Investment Plan are being complied with; (c) considering whether directions should be provided to the Agent or whether the Agent’s appointment should be revoked; and (d) providing directions to the Agent or revoking the appointment if ONE JIB considers it appropriate to do so.

Monitoring Performance. ‌ ONE JIB shall exercise prudence in selecting an Agent, in establishing the terms of the Agent’s authority and in monitoring the Agent’s performance to ensure compliance with those terms. Prudence in monitoring an Agent’s performance includes:includes:‌ (a) reviewing the Agent’s reports; (b) regularly reviewing the agreement between ONE JIB and the Agent and how it is being put into effect, including assessing whether the requirements included in each applicable IPS and each applicable Investment Plan are being complied with; (c) considering whether directions should be provided to the Agent or whether the Agent’s appointment should be revoked; and (d) providing directions to the Agent or revoking the appointment if ONE JIB considers it appropriate to do so.