Administrators Rights and Obligations Sample Clauses
Administrators Rights and Obligations. 3.1. The Administrator have the following rights:
(i) To receive the remuneration in exchange of supplying the Services for the contractual period, under the form of a flat remuneration, as specified in this Contract under Article 4.
1. In case of any applicable taxes, levies, duties, impozite, deductions or withdrawals of any nature, the Parties shall observe the laws in force.
(ii) Beside the flat remuneration, the Administrator will enjoy the following: - a car that may be used by the Administrator in relation to the Company business; - un a mobile phone that may be used by the Administrator in relation to the Company business; - a laptop with connection to the Internet; the laptop that may be used by the Administrator in relation to the Company business; - reimbursement of the participation expenses (including, but not limited to registration expenses, travel and hotel expenses, as well as other reasonable expenses) related to the Administrator’s participation in various conferences, seminars, and meetings organized in Romania and/or abroad in relation to the Company’s activity; - reimbursement of the expenses with accommodation, daily allowances, voyages (including international) and any other such expenses, proved by justifying documents and which are incurred in the exercise of the tasks pertaining to the Administrator.
(iii) With a view to carry out this Contract to its full extent, the Administrator will have unlimited access to information related to the Company’s activities, as well as to all documents and/or information related to the commercial, legal, and accounting operations thereof.
3.2. The Administrator has the following obligations:
(i) He is responsible, along with the other members of the BA, for drawing up the business plan, the annual financial situation and any other statements and reports of the Company to be submitted to the GAS, pursuant to the Law 31/1990.
(ii) He draws up, along with the other members of the BA, the Company’s strategy by setting forth the main directions of activity and development.
(iii) Her participates in the meetings of the BA and in the adoption of the resolutions of this body, by vote.
(iv) Her participates in the meetings of the consultative committees of the BA, in the event that these have been set up and the Administrator is chosen as member in such bodies, according to the legal dispositions in force, as well as in the adoption of the proposals/recommendations made by such committees, by vote.
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Administrators Rights and Obligations