Shareholders' Agreements · glossary
The company's yearly spending plan, approved by Ferris and Aldous & Wren as a reserved matter. The managing director presents a draft by 31 January, and the two owners approve it by 28 February. Capital spending the approved budget provides for needs no further consent under item 5. Definition: Budget · Clause 8.2 · Chapter 4 · Chapter 6
Explained in Chapter 4, Reserved Matters, of Shareholders' Agreements.
Item 5 controls capital spending, and it works together with the yearly budget…Read Chapter 4, Reserved Matters →
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the operating and capital budget of the Company for a Financial Year, approved under clause 8.1 or 8.2;Read the definition in the document →
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