Common use of Report of the Financial Exigency Committee Clause in Contracts

Report of the Financial Exigency Committee. 34.4.1 The Financial Exigency Committee shall make its report to the Board within 50 working days of its appointment. If the Financial Exigency Committee finds that a state of financial exigency exists, it shall recommend the amount of reduction in expenditure required for OC’s continued viability. It shall also recommend the proportion of the reduction to be achieved by laying off employees, or by other means of reduction.

Report of the Financial Exigency Committee. 34.4.1 37.4.1 The Financial Exigency Committee shall make its report to the Board within 50 working days of its appointment. If the Financial Exigency Committee finds that a state of financial exigency exists, it shall recommend the amount of reduction in expenditure required for OCOUC’s continued viability. It shall also recommend the proportion of the reduction to be achieved by laying off employees, or by other means of reduction.

Report of the Financial Exigency Committee. 34.4.1 29.4.1 The Financial Exigency Committee shall make its report to the Board within 50 working days of its appointment. If the Financial Exigency Committee finds that a state of financial exigency exists, it shall recommend the amount of reduction in expenditure required for OC’s continued viability. It shall also recommend the proportion of the reduction to be achieved by laying off employees, or by other means of reduction.