SECTION 612:25-4-60. Ninety day replacement

  If the licensed manager defaults on the Manager's Agreement for any reason (i.e. resignation, removal by the SLA or death) during the first 90 days from the date of selection, the BEP Operations Coordinator will, following such default and completion of any resulting due process action, offer the business enterprise to the applicant who ranked second in the previous selection process. If the second person decides to remove his/her name from consideration, it will be offered to the next applicant with the highest accumulated points. In the event of a tie, or there are scores within five (5) points of the now highest ranking score, the procedures identified in 612:25-4-59 will be followed. This procedure will be exercised until a qualified licensed manager accepts the business enterprise. If all the applicants have removed their names from consideration, a determination will be made by the BEP Operations Coordinator, in consultation with the ECM Chairperson, to combine, remove, re-announce, or satellite the business enterprise.

[Source: Added at 14 Ok Reg 1472, eff 7-1-97; Amended at 22 Ok Reg 2222, eff 7-1-05; Amended at 29 Ok Reg 1447, eff 7-1-12; Amended at 31 Ok Reg 2397, eff 9-12-14; Amended at 32 Ok Reg 1312, eff 8-27-15]