Company Officers. At the Effective Time, pursuant to the terms hereof and of the employment contracts referred to in Section 8.15:
Company Officers. At the Effective Time, Xx. Xxxxxx shall hold the position of President and Chief Executive Officer.
Company Officers. The Manager may appoint a President or Chief Executive Officer, a Chief Financial Officer, Vice Presidents, a Secretary, a Treasurer, and such other officers as they shall deem necessary to perform the duties assigned to officers of the Company by the Manager. Any person may hold two or more offices. The officers of the Company shall have such authority to perform such duties in the management of the Company as may be provided in any employment agreements to which the Company and such officers are parties or as determined by resolution of the Manager, in each case to the extent not inconsistent with this Agreement. The appointment of an officer shall not of itself create any contract rights in favor of the officer, and, subject to the terms of any employment agreement to which the Company and any officer of the Company are parties, any officer of the Company may be removed summarily with or without cause, at any time, by the Manager. All officers shall hold office until their successors are appointed unless sooner removed from office as provided below or there is a resignation. Vacancies shall be filled by the Manager.
Company Officers. Officers of the Company shall be jointly agreed upon by the Advisor and the Sub-Advisor, subject to the approval of the Board of Directors. The Advisor and the Sub-Advisor shall consult with each other and jointly agree upon any officers to be recommended to the Board of Directors, and the Advisor agrees to recommend such officers to the Board of Directors for approval. If an officer jointly recommended by the Advisor and the Sub-Advisor to serve as an officer is not appointed to hold the designated office by the Board of Directors or following appointment by the Board of Directors is no longer retained as such officer of the Company as a result of death, disability, retirement, resignation or removal, the Advisor and the Sub-Advisor shall consult with each other and jointly recommend a replacement for such officer subject to approval by the Board of Directors. The Parties acknowledge that the following initial slate of officers of the Company has been previously submitted to and approved by the Board of Directors: Name Title Xxxxxxxx Xxxxxxx Chief Executive Officer Xxxxxx XxxXxxxxx President Xxxxxxxxx X. Xxxxx Chief Financial Officer and Treasurer Xxxxxx Xxxxx Chief Investment Officer Xxxxxxxx X. Xxxxxx Vice President and Secretary
Company Officers. 78 Section 8.15 Employment Contracts . . . . . . . . . . . . . . . . . . 80 Section 8.16 PostMerger Operations . . . . . . . . . . . . . . . . . 80 Section 8.17 Expenses . . . . . . . . . . . . . . . . . . . . . . . . 80 Section 8.18 Further Assurances . . . . . . . . . . . . . . . . . . . 81 Section 8.19
Company Officers. 52 SECTION 6.15.
Company Officers. 45 Section 7.15
Company Officers. (a) From the Effective Time until the earlier of his resignation or removal by the Company Board of Directors, Mr. Xxxx X. Xxxxxxxxxx shall serve as Chairman of the Board and Chief Executive Officer. If Mr. Xxxxxxxxxx xx not available at the Effective Time to serve as Chief Executive Officer, then Indiana shall designate a new Chief Executive Officer of the Company (the "REPLACEMENT CEO"), subject to the approval of SIGCORP.
Company Officers. At the Effective Time, pursuant to and in accordance with the terms hereof and of the employment contracts referred to in Section 6.15, Richard D. Farman, President and Chief Operating Officer of Xxxxxic, shall become Chairman of the Board and Chief Executive Officer of the Company, and Stephen L. Baum, President and Chief Executive Oxxxxxx xx Xxxxx, shall become Vice-Chairman, President and Chief Operating Officer of the Company. If either of such persons is unable or unwilling to hold such offices for the period set forth in his employment contract, his successor shall be selected by the Board of Directors of the Company in accordance with its Bylaws. The Chairman of the Board and Chief Executive Officer and the President and Chief Operating Officer of the Company shall comprise the Office of the Chairman of the Company to which all other officers of the Company and, after the Effective Time, the Chief Executive Officers of Pacific, Pacific Sub, Enova and Enova Sub shall report. Richard D. Farman, President and Chief Operating Xxxxxxx xx Xxxxxic, and Stephen L. Baum, President and Chief Executive Oxxxxxx xx Xxxxx, xxxxx unanimously recommend to the Board of Directors of the Company candidates to serve as the officers of the Company who are not otherwise designated by this Agreement. Such officers shall be appointed by the Board of Directors of the Company in accordance with its By-Laws.
Company Officers. At the Effective Time: (i) A. Christine Baker, Fairfax C. Reynolds and James C. McGill shall terminxxx xxxxx xxxxxing employxxxx xxxxxxents xxxx Xxxxxxx Xxnk (and related guaranty agreements with the Company pursuant to which the Company guarantees Company Bank's obligations under such employment agreements) and Buyer Bank shall afford A. Christine Baker, Fairfax C. Reynolds and James C. McGill the opportunxxx xx xxxxx xxto the Bakxx Xxxxxxxxnt Agxxxxxxx, Xxxxxxds Employment Agreement and McGill Xxxxxlting Agreement, respecxxxxxx; (ii) James C. McGill shall resign all positions with Company and Company Bxxx xxx X. Xxxxt Yarber shall serve as Company Bank's President, and A. Christinx Xxxxx xxx Fairfax C. Reynolds shall be afforded the opportuxxxx xx xxxxxx their respectxxx xxxxxxxns with Company Bank; and (iii) the Buyer shall make a lump sum payment to A. Christine Baker, Fairfax C. Reynolds and James C. McGill in the amounxx xxx xxxth on Schedule 6.3(i) in full satisfaction and consideration of the change in control severance payments due such individuals in their respective employment agreements with Company Bank.
