Common use of Chairman of the Managers Clause in Contracts

Chairman of the Managers. The Chairman of the Managers, if any, shall be the Chief Executive Officer of the Company and, subject to the provisions of this Agreement, shall have general supervision of the affairs of the Company and shall have general and active control of all its business. The Chairman of the Managers shall preside, when present, at all meetings of the Managers and shall see that all orders and resolutions of the Managers and the Member are carried into effect. The Chairman of the Managers shall have general authority to execute bonds, deeds and contracts in the name of the Company and affix the Company seal thereto; to cause the employment or appointment of such employees and agents of the Company as the proper conduct of operations may require, and to fix their compensation, subject to the provisions of this Agreement; to remove or suspend any employee or agent who shall have been employed or appointed under the Chairman of the Manager’s authority or under authority of an officer subordinate to the Chairman of the Managers; to suspend for cause, pending final action by the authority which shall have elected or appointed by such officer, any officer subordinate to the Chairman of the Managers; and, in general, to exercise all the powers and authority usually appertaining to the chief executive officer of a corporation, except as otherwise provided in this Agreement.

Appears in 6 contracts

Samples: Operating Agreement (LifeCare Holdings, Inc.), Operating Agreement (LifeCare Holdings, Inc.), Operating Agreement (LifeCare Holdings, Inc.)

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Chairman of the Managers. The Chairman of the Managers, if any, shall be the Chief Executive Officer of the Company and, subject to the provisions of this Agreement, shall have general supervision of the affairs of the Company and shall have general and active control of all its business. The Chairman of the Managers shall preside, when present, at all meetings of the Managers and shall see that all orders and resolutions of the Managers and the Member are carried into effect. The Chairman of the Managers shall have general authority CRESCENT CITY HOSPITALS, L.L.C. to execute bonds, deeds and contracts in the name of the Company and affix the Company seal thereto; to cause the employment or appointment of such employees and agents of the Company as the proper conduct of operations may require, and to fix their compensation, subject to the provisions of this Agreement; to remove or suspend any employee or agent who shall have been employed or appointed under the Chairman of the Manager’s authority or under authority of an officer subordinate to the Chairman of the Managers; to suspend for cause, pending final action by the authority which shall have elected or appointed by such officer, any officer subordinate to the Chairman of the Managers; and, in general, to exercise all the powers and authority usually appertaining to the chief executive officer of a corporation, except as otherwise provided in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (LifeCare Holdings, Inc.)

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