12.1. Major Obligors to Canada are required to submit a Strategic Plan to the IRB Authority annually. If the Contractor is a Major Obligor, as defined in Article 1.1.24 then;
12.1.1. The Contractor and the IRB Authority will meet annually to update, review and discuss the Contractor's Strategic Plan.
12.1.2. Representatives at senior levels of the corporation and senior levels of Industry Canada will be available for annual meetings.
12.2. The Contractor's Strategic Plan should include:
12.2.1. a description of the Contractor's broad corporate plans for Canada over the medium-term (3-5 years) and long-term (5+ years);
12.2.2. how these corporate plans may translate into IRB activities;
12.2.3. an overview of the Contractor's current and anticipated IRB Obligations to Canada;
12.2.4. IRB Partnerships with tier-one suppliers or other Eligible Parties.
12.3. Contractors with multiple IRB Obligations totaling less than $1 billion may also submit a Strategic Plan to the IRB Authority; however, neither the IRB Authority, nor the Contractor will be required to meet annually to discuss the Strategic Plan.
12.4. Contractors with a Strategic Plan may be permitted to "pool" high value, strategic IRB business activities.
12.5. Pooled IRB Transactions must meet the following criteria:
12.5.2. have a value of over $100 million measured in CCV; and
12.5.3. provide long term impact to the Canadian recipient including R&D support, first purchase of innovative Canadian technologies, market leadership, world product mandate, global value chain activities, or technology advancement.
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