Company Management Clause Samples
The COMPANY MANAGEMENT clause defines the structure and authority of the company's leadership and decision-making bodies. It typically outlines the roles and responsibilities of directors, officers, or managers, specifying how decisions are made, meetings are conducted, and powers are delegated within the organization. This clause ensures clear governance procedures, helping to prevent disputes and confusion by establishing who is responsible for managing the company's affairs and how key actions are authorized.
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Company Management. Manager shall perform the administrative services and be entitled to all the fees and reimbursements otherwise due the Company as provided in this Agreement, including but not limited to the items set forth below in III(B).
Company Management a. Description of the key personnel in terms of their talent, education, skills and years of experience. This is very important for the success of your project. (May attach resumes)
b. Human resources plan - Description of positions that need to be created, how and when they will be filled:
Company Management. (i) The Board, with the Requisite Board Approval, may from time to time appoint any chief executive officer, chief financial officer, chief operations officer, one or more other “C-Suite” level executives and/or officers, and (ii) Company Management may from time to time engage one or more managing directors (and similar level management personnel) and/or one or more senior vice presidents of the Company. Company Management shall hold their applicable offices and/or positions for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board with the Requisite Board Approval (or, as applicable, by Company Management).
6.6.2 Company Management, to the extent of the powers vested in any of them by action of the Board with the Requisite Board Approval and in all events subject to the terms of this Agreement, are agents of the Company for the purpose of the Company’s business and, subject to the provisions of this Article VI, the actions of Company Management taken in accordance with such powers shall bind the Company.
Company Management. 2.1 Board of Directors
2.2 Directors’ Liability and Indemnification
2.3 Special Voting Requirements 2.4 Officers 2.5 Operating Plan
2.6 Financial Statements
Company Management. The parties shall take all requisite action such that, immediately following the Second Effective Time, the management of the Company shall be the management of the Company as of immediately prior to the Second Effective Time, including that the persons listed on Schedule 3.4 shall have the roles described therein.
Company Management. ▇▇▇▇ ▇▇▇▇▇▇▇▇ will be the initial Chairman of the Board and Chief Executive Officer of the Company. ▇▇▇▇▇▇▇ ▇▇▇▇ will be the initial Chief Financial Officer and Secretary of the Company. ▇▇▇▇▇ will be the initial President of the Company, effective as of the Second Closing.
Company Management. SECTION 1. Except as limited by the specific provisions of this Agreement, the Company reserves and retains for itself exclusively, all of the rights, privileges and authority to manage, operate and to direct the management and operation of its affairs, including, but not limited to, the right to employ, promote, or discharge for cause, the right to assign work, the right to direct working forces, to temporarily transfer employees and to lay off employees because of lack of work. The Union agrees that except insofar as it is granted the right and authority hereunder, it will not hinder or interfere with the management of the Company's affairs.
SECTION 2. The Company shall continue to have the right to publish reasonable rules and regulations which are not inconsistent with the provisions of this Agreement.
Company Management. It is contemplated that management of the Company would remain unchanged following Closing, and that all employees employed by the Company at Closing, would remain as employees of the Company following Closing at the same rates and under the same terms.
Company Management. The Company shall be managed by the Parties as its initial members ("Initial Members"). However, the members shall have the authority, by majority vote thereof, to elect or appoint managers or officers to conduct the day-to-day business of the Company.
Company Management. 1. Management will be carried out by a Board of Directors composed of four directors, appointed as follows:
a. Two directors appointed by Party A;
b. One director appointed by Party B;
c. One director appointed by Party C.
2. All relevant decisions will require the majority approval of the Board of Directors unless the law or this agreement requires unanimity.
3. The payment of the company shall be authorized persons to be one assigned from Party A, the other is from Party B.