Rolling Business Plan definition
Examples of Rolling Business Plan in a sentence
All subsequent compensation plans for the Company shall be incorporated into the Annual Business Plan and the Rolling Business Plan of the Company.
If, after the date that is sixty (60) months following the Effective Date, upon the expiration of the then current Rolling Business Plan, the Board shall not have adopted a new Annual Business Plan for the following Fiscal Year or a new Rolling Business Plan to commence the following Fiscal Year, this Agreement shall be deemed terminated (as provided in Section 21.2.5).
Each of Caterpillar and Navistar shall cause its respective Representatives to, subject to the second and third sentences of Section 5.12, meet and seek in good faith to adopt, prior to the commencement of each Fiscal Year, an Annual Business Plan for such Fiscal Year and a Rolling Business Plan of which the first year shall be the Annual Business Plan, as provided in Section 2.2.2.
Other than with regard to the Initial Rolling Business Plan adopted by the Parties concurrent with the execution of this Agreement, each Rolling Business Plan shall be subject to the approval of the Board upon Majority Consent.
Any approved Rolling Business Plan shall not be changed, except upon Majority Consent of the Board.
The Company shall, no later than thirty (30) calendar days following the end of each fiscal half year (unless the Board determines by Majority Consent that a distribution shall be at another time), distribute to the Members any cash of the Company not necessary for its financial obligations or working capital needs or for funding its then current Annual Business Plan and its then current Rolling Business Plan, unless the Board determines otherwise by Majority Consent.
JV Truck Models shall include all of Navistar’s models for Medium Duty Trucks and Heavy Duty Trucks set forth in the Initial Rolling Business Plan.
All subsequent staffing plans for the Company (each a “Subsequent Staffing Plan”) shall be incorporated into the Annual Business Plan and the Rolling Business Plan of the Company and shall include (i) each salaried or management direct employee of the Company, (ii) each salaried or management seconded personnel of the Company, and (iii) the approximate number of hourly direct employees of the Company.
The Parties agree and acknowledge that although the Initial Rolling Business Plan covers both the remaining portion of the 2009 Fiscal Year and the succeeding four (4) Fiscal Year period ending on October 31, 2013, all subsequent Rolling Business Plans shall cover five (5) full Fiscal Year periods.
For the avoidance of doubt, the Members shall be obligated to fund the loan commitments and the Capital Contribution commitments set forth in the Initial Rolling Business Plan for the period from the Effective Date through the date that is thirty-six (36) months after the Effective Date.