Annual Operating Plan (AOP) Definition - Law Insider

Annual Operating Plan (AOP) definitionAnnual Operating Plan (AOP) means the plan that serves to lay out planned activities and corresponding monetary resources for the fiscal year, measured on a quarterly basis, including, but not limited to, Revenue and EBITDA. The AOP may be revised in the discretion of the Company’s Board of Directors.View SourceBased on 3 documents3Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoAnnual Operating Plan (AOP) means the plan defining the day- to-day operation of the Club and any associated businesses and sets out the annual revenue and expenditures;View SourceBased on 2 documents2Draft with AI

Examples of Annual Operating Plan (AOP) in a sentence

• The Parties will meet annually, prior to the initiation of fire season to review and update, if necessary, the Annual Operating Plan (AOP).

• The Parties will meet annually, prior to the initiation of fire season, to review and update, if necessary, the Annual Operating Plan (AOP).

• The PARTIES will meet annually, prior to the initiation of fire season, to review and update, if necessary, the Annual Operating Plan (AOP).

• Any personnel to be mobilized under this exhibit will be listed in the Annual Operating Plan (AOP) by name, position(s), and identified as SR.

• This is a (Geographic Area, Statewide or Sub-Geographic Area) Annual Operating Plan (AOP) applicable to all signatory parties within (Geographic Area Name or the State of XXX, or Sub- Geographic Area Name).

• DPA agencies retain responsibility for wildland fire suppression as outlined within the Annual Operating Plan (AOP) for initial attack activities.

• In cooperation with the Cooperator, develop an Annual Operating Plan (AOP) once the annual ▇▇▇▇▇▇▇-▇▇▇▇ (G-T) Offset Agreement is completed which identifies projects to be completed by the Forest Service.

• Alaska Statewide Annual Operating Plan (AOP): The Alaska Statewide AOP tiers to the Alaska Master Cooperative Wildland Fire Management and ▇▇▇▇▇▇▇▇ Act Response Agreement and further defines statewide interagency working relationships, roles, responsibilities, standards and expectations.

• This ICS position serves as the point of contact for an assisting or cooperating agency which has been delegated authority to make decisions on matters affecting that Annual Operating Plan (AOP): An annually updated document authorized by the appropriate officials for implementing the Cooperative Incident Management Agreement in their respective areas of responsibilities.

• The Annual Operating Plan (AOP) will document procedures and criteria for Agency Administrators to specify direction, authority, and financial management guidelines to Incident Commanders.

Related to Annual Operating Plan (AOP)

• Annual Operating Plan has the meaning ascribed to it in Section 15.3(b)(i).

• Annual Operating Budget has the meaning set forth in Section 4.11.

• Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

• Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees’ fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series’ statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series’ “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are “extraordinary” as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Vice President The Royce Fund ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Re: Fee Waiver and Expense Reimbursement - ▇▇▇▇▇ ▇▇▇▇-Cap Value Fund (Service Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated September 18, 2007 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of ▇▇▇▇▇ ▇▇▇▇-Cap Value Fund (the “Series”) and Royce & Associates, LLC (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement effective as of and for the period beginning May 1, 2014 and ending April 30, 2015 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for its Service Class of shares (the “Class”) are not more than 1.35% of the Class’ average net assets for the Period. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2021 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series’ Annual Operating Expenses for the Class are not more than 1.99% of the Class’ average net assets for such annual period. The Adviser’s obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

• Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

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Related Definitions

• Annual Operating Plan
• Annual Operating Budget
• Operating Plan
• Annual Operating Expenses
• Annual Work Plan and Budget