Authority and Responsibilities. Section 1004.23, Florida Statutes, and the Board of Governors’ delegation to the University of Florida Board of Trustees, authorizes the University to establish regulations and procedures regarding the works and inventions of its personnel, including regulations and procedures regarding patents, copyrights, and trademarks. The University has the authority to agree to the terms of this Article, and any regulations and procedures applied to in-unit faculty shall be consistent with the terms of this Article.
Authority and Responsibilities. The TfN Members’ Board is the ultimate decision-making body within TfN and is responsible for the exercise of all TfN powers. The TfN Members’ Board may delegate its powers to a Committee or any of its officers (to the extent that officer is properly able to exercise that delegation), except:
Authority and Responsibilities. The Lead Independent Director shall have the following authority and responsibilities:
Authority and Responsibilities. The President is the Chief Executive Officer of the College. He will have charge of the administration of the College under policies established by the Board, direct and assign, place and transfer all employees in accordance with Board policy, and organize and administer the affairs of the College as best serves the College consistent with Board policy and the Illinois Public Community College Act, while exercising his reasonable discretion. The President's responsibilities will include the following:
Authority and Responsibilities. The Executive shall serve as, and with the title, office and authority of, the Vice President, Chief Financial Officer, and Secretary of Parent and the Company. In this capacity, the Executive shall report directly to the President and Chief Executive Officer of Parent and the Company (the "CEO"). The Executive shall also hold such other ancillary titles and offices with Parent or the Company or their respective affiliates as may be reasonably requested by the CEO. Subject to the authority of the CEO, the Executive shall have the full authority of the Vice President, Chief Financial Officer, and Secretary of each of Parent and the Company, and he shall have such duties and responsibilities to Parent and the Company as are commensurate with such authority. The Executive agrees to devote a reasonable portion of her business time, efforts and skills to the performance of her duties and responsibilities under this Agreement.
Authority and Responsibilities. The Committee shall have the authority and responsibilities specified in this Article II, in Sections 1.04, 3.01, 3.02, 3.05, 3.06, 4.02, 7.05, 8.04 and 8.08, and in Article VI, and such incidental powers as are necessary and appropriate to effectuating such authority and responsibilities.
Authority and Responsibilities. The Committee shall have the following specific authority and responsibilities (in addition to any others that the Board may from time to time delegate to the Committee), in each case, subject to any rights conferred on the Company’s shareholders by applicable law or the Company’s Bye-laws:
Authority and Responsibilities. As Chief Executive Officer, the Executive will have such authority and responsibilities and will perform such executive duties as may be assigned to him by the Board, including without limitation performing services for affiliates of the Company and its subsidiaries. The Executive will devote substantially all of his full working time and attention to the performance of such duties and to the promotion of the business and interests of the Company. ln order to effectively carry out the duties set forth in this Agreement, the Executive shall reside in the Macon, Georgia area (and agrees to relocate there by the end of calendar year 2023), and maintain a primary office at the Company's corporate offices, and agrees to be physically present at such offices to the extent necessary to effectively fulfill his responsibilities under this Agreement.
Authority and Responsibilities. The Litigation Trust Advisory Board shall have the authority and responsibility to oversee, govern, and, as specifically set forth herein, to direct the activities of the Litigation Trust and the performance of the Litigation Trustee and shall have the authority to remove the Litigation Trustee in accordance with Section 5.4 hereof. The Litigation Trust Advisory Board shall also (a) monitor and oversee the administration of the Litigation Trust and the Litigation Trustee's performance of its responsibilities under the Directives, and (b) perform such other tasks as are set forth in the Directives. In all circumstances, except as explicitly provided herein, the Litigation Trust Advisory Board shall have fiduciary duties to the Beneficiary consistent with the fiduciary duties that the members of an official committee of creditors appointed pursuant to section 1102 of the Bankruptcy Code have to the creditor constituents represented by such committee and shall exercise its responsibilities accordingly; provided, that the Litigation Trust Advisory Board shall not owe fiduciary obligations to any defendants of Litigation Trust Causes of Action in their capacities as such, it being the intent of such fiduciary duties to ensure that the Litigation Trust Advisory Board’s obligations are to maximize the value of the Litigation Trust Assets, including the Litigation Trust Causes of Action. In all circumstances, subject to the forgoing sentence, the Litigation Trust Advisory Board shall act in the best interests of the Beneficiary and in furtherance of the purpose of the Litigation Trust. The Litigation Trustee shall consult with and provide information to the Litigation Trust Advisory Board in accordance with and pursuant to the terms of this Litigation Trust Agreement and the other Directives to enable the Litigation Trust Advisory Board to meet its obligations hereunder. Any provision of this Litigation Trust Agreement to the contrary notwithstanding, the Litigation Trustee shall not be required to obtain the approval or follow the directions of the Litigation Trust Advisory Board to the extent that (i) the Litigation Trust Advisory Board has not authorized the Litigation Trustee to take any action that the Litigation Trustee, in good faith, reasonably determines, based on the advice of legal counsel, is required to be taken by applicable law or (ii) the Litigation Trust Advisory Board directs the Litigation Trustee to take action that the Litigation Trustee, in g...
Authority and Responsibilities. The Trust Board shall have the authority and responsibility to oversee, manage, and direct the activities of the Litigation Trust and the performance of the Litigation Trustee and shall have the authority to remove the Litigation Trustee in accordance with Section 5.4 hereof. The Trust Board shall also (a) monitor and oversee the administration of the Litigation Trust and the Litigation Trustee's performance of its responsibilities under this Litigation Trust Agreement and/or the Plan, and (b) perform such other tasks as set forth in this Litigation Trust Agreement and/or in the Plan. In all circumstances, except as explicitly provided herein, the Trust Board shall exercise its responsibilities under the Litigation Trust consistent with fiduciary standards. In all circumstances, the Trust Board shall act in the best interests of the Beneficiaries and in furtherance of the purpose of the Litigation Trust. The Litigation Trustee shall consult with and provide information to the Trust Board in accordance with and pursuant to the terms of this Litigation Trust Agreement and the Plan to enable the Trust Board to meet its obligations hereunder.
