Advisory Director Sample Clauses

Advisory Director. 3G shall designate its associate Jerrx Xxxxxxxx xx serve as an "Advisory Director" of Rockford during the term hereof with the right to receive notice of, to attend, and to speak at meetings of Rockford's Directors, but not to vote on any actions to be taken.
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Advisory Director. The Company shall comply with the obligations relating to the Advisory Director (as such term is defined in the Stock Sale Agreement) set forth in Section 3(b)(iii) of the Stock Sale Agreement.
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Advisory Director. The Company shall appoint one person designated in writing by the Holder as an advisory director ("Advisory Director") of the Company. At the written direction of the Holder, the Company shall remove the Advisory Director appointed hereunder and replace him with another person designated in writing by the Holder. The Advisory Director shall be entitled to notice of and to attend each directors' meetings and receive copies of written consents of directors in the same manner as other directors, and shall have the same access to the books, records, premises, management, and employees as other directors. The Advisory Director shall have no vote or right to consent on any corporate action, and shall not be counted in determining whether a quorum of directors is present at a meeting. The Company shall pay all out of pocket expenses of the Advisory Director in attending meetings of directors, and shall indemnify and hold harmless the Advisory Director in the same manner as other directors. If the Company carries directors liability insurance, it shall cause the Advisory Director to be insured thereby in the same manner as other directors.
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Advisory Director. Mr. Xxxxxx xxxll have entered into a consulting agreement with Panthers BRHC Limited in the form of Exhibit "F" (terms attached as Schedule F) attached hereto. 6.11
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Advisory Director. As of the Closing Date, and for a period of two years thereafter, the Buyer shall appoint one person nominated by the Seller as an advisory board member of the Buyer.
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Advisory Director. Effective at the Effective Time, Parent Bank shall appoint one current member of the Company Board selected by the Company and reasonably acceptable to Parent to serve as a member of the Massachusetts Advisory Board of Directors of Parent Bank following the Merger.
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Advisory Director. Banknorth agrees to cause the Executive to be appointed as a member of the Massachusetts State Board of Banknorth, NA, Banknorth's wholly-owned banking subsidiary, effective as of the Effective Date. The Executive shall have the right, but not the obligation, to serve on such Board for the one-year period following the Effective Date but shall not receive any compensation from Banknorth or Banknorth, NA for such service.
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Advisory Director. Effective at the Effective Time, Parent Bank shall appoint Rxxxxxx X. Xxxxxxx to serve as a member of the Massachusetts Advisory Board of Directors of Parent Bank following the Merger.
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Related to Advisory Director

  • Associate Directors (A) Any person who has served as a director may be elected by the Board of Directors as an associate director, to serve during the pleasure of the Board.

  • Director A member of the Board of Directors of the Company.

  • Advisory Board (a) The Managing Member may establish an Advisory Board comprised of members of the Managing Member’s expert network and external advisors. The Advisory Board will be available to provide guidance to the Managing Member on the strategy and progress of the Company. Additionally, the Advisory Board may: (i) be consulted with by the Managing Member in connection with the acquisition and disposal of a Series Asset, (ii) conduct an annual review of the Company’s acquisition policy, (iii) provide guidance with respect to, material conflicts arising or that are reasonably likely to arise with the Managing Member, on the one hand, and the Company, a Series or the Economic Members, on the other hand, or the Company or a Series, on the one hand, and another Series, on the other hand, (iv) approve any material transaction between the Company or a Series and the Managing Member or any of its Affiliates, another Series or an Economic Member (other than the purchase of interests in such Series), (v) provide guidance with respect to the appropriate levels of annual fleet level insurance costs and maintenance costs specific to each individual Series Asset, and review fees, expenses, assets, revenues and availability of funds for distribution with respect to each Series on an annual basis and (vi) approve any service providers appointed by the Managing Member in respect of the Series Assets.

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Independent Director As long as any Obligation is outstanding, the Member shall cause the Company at all times to have at least two Independent Directors who will be appointed by the Member. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, the Independent Directors shall consider only the interests of the Company, including its respective creditors, in acting or otherwise voting on the matters referred to in Section 9(j)(iii). No resignation or removal of an Independent Director, and no appointment of a successor Independent Director, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Director by a written instrument, which may be a counterpart signature page to the Management Agreement, and (ii) shall have executed a counterpart to this Agreement as required by Section 5(c). In the event of a vacancy in the position of Independent Director, the Member shall, as soon as practicable, appoint a successor Independent Director. All right, power and authority of the Independent Directors shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement. Except as provided in the second sentence of this Section 10, in exercising their rights and performing their duties under this Agreement, any Independent Director shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware. No Independent Director shall at any time serve as trustee in bankruptcy for any Affiliate of the Company.

  • Alternate Directors 35.1 Any Director (but not an alternate Director) may by writing appoint any other Director, or any other person willing to act, to be an alternate Director and by writing may remove from office an alternate Director so appointed by him.

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • Chairperson The General Partner may nominate a Person, including, without limitation, an officer or director of the General Partner, (who need not be a Limited Partner) to be chairperson of a meeting of Partners and the person nominated by the General Partner will be chairperson of that meeting unless the Partners elect another chairperson by Ordinary Resolution.

  • Advisory Committee (a) The Partnership shall have a committee (the “Advisory Committee”) consisting of Fund Investors or their representatives or designees selected by the Managing General Partner; provided that no member of the Advisory Committee shall be an Affiliate of the Managing General Partner (or a designee or representative thereof). The Managing General Partner will meet with the Advisory Committee at least semi-annually to consult on various matters concerning the Partnership, including financial statements and appraisals, the status of existing investments and such other matters as the Managing General Partner may determine or any member of the Advisory Committee may reasonably propose.

  • Chair The Trustees shall have the power to appoint from among the members of the Board of Trustees a Chair. Such appointment shall be by majority vote of the Trustees. Such Chair shall serve until his or her successor is appointed or until his or her earlier death, resignation or removal. The Chair shall preside at meetings of the Trustees and shall, subject to the control of the Trustees, perform such other powers and duties as may be from time to time assigned to him or her by the Trustees or prescribed by the Declaration of Trust or these By-Laws, consistent with his or her position. The Chair need not be a Shareholder.

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