5.0. 6.0. EDSR 03-08-1999 - Laserfiche WebLink

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3.2. Annual Objectives. The Company shall maintain a written policy statement on an annual basis defining its objectives with respect to its growth and development, and shall provide EDA with copies of such written policy statement. The Company shall also provide to EDA periodic reports on the Company's growth and development, as may be reasonably requested by EDA from time to time. 3.3. Regular Meetings. The Company shall conduct and hold regular periodic meetings with the EDA Executive Director and members of the EDA Commission as determined appropriate for the purpose of reviewing the Company's progress. The Company acknowledges that as part of the services provided to it hereunder, the Company shall receive advice and counsel from such Executive Director and EDA Commissioners. The Company shall hold and conduct such meetings at least once every quarter during the term of this Agreement. 3.4. Board Meetings. The Company shall provide EDA with 7,42' written notice of, and allow an EDA representative or designee to attend, all regular and special meetings of the Company's Board of Direeters-and/or Board of Advisors (collectively the `Boards"). Although an EDA 6°v `kAngs representative or designee may offer guidance or advice to the Boards, no officer, director, agent, or employee of EDA shall be deemed a member of the • Company's Boards. Any EDA representative or designee attending the meetings for the Company's Boards shall attend without a vote, without compensation, and without fiduciary or legal responsibility to the Company, its officers, directors, or unitholders. The Company shall indemnify the EDA, including its representative or designee attending such Board meetings, against all costs and liabilities to the same extent as the Company so indemnifies its officers and/or directors. The EDA, or its representative or designee, shall hold all Company information in strict confidence. 3.5. Job Openings. The Company agrees to post all job openings with the Private Industry Council 5 at 657 Main Street NW, Elk River, Minnesota 55330, Phone 441-5903, and the Company agrees to keep a written record of all persons interviewed and hired by completing the Notice to Employee attached as Exhibit B. The Company acknowledges that a portion of the funds used to facilitate the Elk River Business Incubator are provided from Federal Community Development Block Grants and as such, the EDA and Company are required to meet certain standards for the use of such funds. 3.6. Vendor Contracts. The Company shall make available to the EDA Executive Director, its vendor contracts. Such vendor contracts will be used to provide opportunities to local manufacturing companies and • service providers in order to create and retain jobs in our community. The Company is strongly encouraged to utilize local businesses in its eda/doc/watagrmt 4