Appointment and Tenure. (a) The Board may, from time to time, designate officers of the Company to carry out the day-to-day business of the Company. (b) The officers of the Company shall be comprised of one or more individuals designated from time to time by the Board. Each officer shall hold his or her office for such term and shall have such authority and exercise such powers and perform such duties as shall be determined from time to time by the Board. Any number of offices may be held by the same individual. The salaries or other compensation, if any, of the officers shall be fixed from time to time by the Directors. (c) The officers of the Company may consist of a president, a secretary and a treasurer. The Board may also designate one or more vice presidents, assistant secretaries and assistant treasurers. The Board may designate such other officers and assistant officers and agents as the Board may deem necessary or appropriate.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Nisource Inc.), Limited Liability Company Agreement (Nisource Inc.), Purchase and Sale Agreement (Firstenergy Corp)
