Laserfiche WebLink
3. Long-Term MOU or Legal Entity for SG Plan administration. • <br /> • The SG Plan provides that "[d]uring the provisional period, the <br /> stakeholders will develop either(a) a comprehensive Memorandum of <br /> Understanding among the participating stakeholders (or other form of <br /> agreement); (b) a formal legal entity(e.g., corporation,joint venture, <br /> partnership, etc.); or(c) both, that will govern the overall administration of <br /> the Plan." [SG Plan, Section VI. page 33; Attachment B, Section <br /> [ > p g � 3.A(2)]. <br /> The SG Plan also recognizes that this "long-term MOU or legal entity <br /> would be entered into subsequent to sunset of the Poison Pill." <br /> [Attachment B, Section 2.J and 3.A(2)]. <br /> • Consistent with the above, the Drafting Committee recommends that the <br /> content of a long-term MOU or legal entity be deferred for consideration <br /> until the SG Plan is approved and we commence operation under the <br /> provisional period of the Plan. <br /> Attachment: Draft MOU for Provisional Period <br /> • <br /> 2 <br />