Additional Management Members Sample Clauses
The 'Additional Management Members' clause defines the process and conditions under which new individuals may be added to the management team of an organization or entity. Typically, this clause outlines the criteria for selection, the approval process—such as requiring a majority or unanimous vote of existing members—and any limitations on the number or roles of additional managers. By establishing clear procedures for expanding the management group, this clause ensures organizational flexibility while maintaining oversight and control over leadership appointments.
Additional Management Members. The Compensation Committee may decide at any time to award Points to an employee of the Company who is not yet a party to this Agreement by admitting such employee as a Management Member hereunder pursuant to Section 4.8.
