Partner Performance Committee Clause Samples
The Partner Performance Committee clause establishes a designated group responsible for monitoring, evaluating, and addressing the performance of partners within an organization or joint venture. This committee typically reviews partner activities, sets performance benchmarks, and may recommend corrective actions or incentives based on periodic assessments. By formalizing oversight and accountability, the clause ensures that partner contributions align with organizational goals and provides a structured mechanism for addressing underperformance or disputes.
Partner Performance Committee. (a) Establishment. The General Partner hereby establishes a partner performance committee (the “Partner Performance Committee”), initially consisting of ▇▇▇▇▇▇ ▇. Och, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇, with ▇▇▇▇▇▇ ▇. Och serving as its Chairman, until its membership is changed in accordance with Section 4.3(b). The Partner Performance Committee shall have the powers and responsibilities described in Section 4.3(d).
Partner Performance Committee