Tenure and Duties of Officers Sample Clauses

Tenure and Duties of Officers. Officers shall hold their offices at the pleasure of the board of directors, shall have the titles designated by the board of directors, and shall exercise the powers and perform the duties determined from time to time by the board of directors.
AutoNDA by SimpleDocs
Tenure and Duties of Officers. All officers shall hold office at the pleasure of the Board of Directors and until their successors shall have been duly elected and qualified, unless sooner removed. Any officer may be removed at any time by the Board of Directors. If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Board of Directors.
Tenure and Duties of Officers. The Chief Executive Officer and President shall hold office at the pleasure of the Board of Directors and until their successors shall have been duly elected and qualified, unless sooner removed. The Chief Executive Officer and President may be removed at any time by the Board of Directors. All officers, other than the Chief Executive Officer and President, shall hold office at the pleasure of the Chief Executive Officer and until their successors shall have been duly elected and qualified, unless sooner removed. Any such officer may be removed at any time by the Chief Executive Officer. If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Board of Directors or the Chief Executive Officer, as applicable, in accordance with Section 7.1.
Tenure and Duties of Officers. Except where herein expressly provided to the contrary, and subject to the discretion of the Board, all decisions by the officers with respect to the day-to-day management of the Company shall be binding on the Company and each of the Managers and the Members shall not have rights of management, control, or approval over the day-to-day business and affairs of the Company. Each officer shall carry out its fiduciary obligations to the Members to the extent required by applicable law, and subject to the provisions of Article VII. Any officer may be removed, at any time, by the Board in its sole discretion. Election of an additional officer or an officer to fill a vacancy, if any, shall be by the affirmative vote of the Board. Each officer shall hold office at the pleasure of the Board and until his or her successor shall have been duly elected and qualified, unless sooner removed. Table of contents
Tenure and Duties of Officers. Except as otherwise expressly stated herein to the contrary or as otherwise limited in Employment Agreements, and subject to the discretion of the Board, all decisions by the Officers with respect to the day-to-day management of the Company shall be binding on the Company. Each Officer shall carry out his/her fiduciary obligations to the Company to the extent required by applicable law, subject to the provisions and any limitations in their Employment Agreements. Any Officer may be removed, at any time, by a majority of the Board in its sole discretion. Election of an additional Officer or an Officer to fill a vacancy, if any, shall be by the affirmative vote of a majority of the Board. Each Officer shall hold office at the pleasure of the Board and until his or her successor shall have been duly appointed and qualified, unless sooner removed.
Tenure and Duties of Officers. All officers will hold office at the pleasure of the Member Representative and until their successors have been duly appointed and qualified, unless sooner removed. Any officer elected or appointed by the Member Representatives may be removed at any time by the Member Representatives. If the office of any officer becomes vacant for any reason, the vacancy may be filled by the Member Representatives.
Tenure and Duties of Officers. Each Officer shall be elected by the Sole Member. Each such Officer shall hold office at the pleasure of the Sole Member and until his or her successor has been duly appointed and qualified, unless sooner removed,
AutoNDA by SimpleDocs
Tenure and Duties of Officers 

Related to Tenure and Duties of Officers

  • Duties of Officers Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law of the State of Delaware.

  • Position and Duties (i) During the Employment Period, (A) the Executive's position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately preceding the Effective Date and (B) the Executive's services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office or location less than 35 miles from such location.

  • Appointment of Officers The Trust may have one or more Officers who are hereby empowered to take and are responsible for performing all ministerial duties on behalf of the Trust pursuant to this Agreement and the other Operative Agreements, including, without limitation, the execution of the Officers’ Certificate (as defined in the Indenture), the Trust Order (as defined in the Indenture), the Trust Request (as defined in the Indenture), the annual compliance report required under Section 3.09 of the Indenture, and any annual reports, documents and other reports which the Trust is required to file with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended. Each of the Chairman of the Board, the Chief Executive Officer, the President, each Senior Vice President and each Vice President of the Depositor is hereby appointed as an Officer of the Trust. The Depositor shall promptly deliver to the Owner Trustee and the Indenture Trustee a list of its officers who shall become the Officers of the Trust pursuant to this Section 11.01.

Time is Money Join Law Insider Premium to draft better contracts faster.