Common use of Delegation of Authority; Officers Clause in Contracts

Delegation of Authority; Officers. The Board shall have the power to elect, delegate authority to, and remove such officers, employees, agents and representatives of the Company as the Board may from time to time deem appropriate. Any delegation of authority to take any action must be approved in the same manner as would be required for the Board to approve such action directly. The salaries of all officers, employees and agents of the Company shall be fixed by the Board in accordance with the Approved Budget.

Delegation of Authority; Officers. (a) The Board shall have the power to elect, delegate authority to, to and remove such officers, employees, agents and representatives officers of the members of the Company Group (“Officers”) as the Board may from time to time deem appropriate. Each Officer of the members of the Company Group shall serve in such capacity until removed or replaced by the Board and shall have the authority delegated to them by the Board. Any delegation of authority to an Officer to take any action must be approved in the same manner as would be required for the Board to approve such action directly. The salaries of all officers, employees and agents of the Company shall be fixed by the Board in accordance with the Approved Budget.

Delegation of Authority; Officers. The Board shall have the power to elect, delegate authority to, and remove such officers, employees, agents and representatives of the Company as the Board may from time to time deem appropriate. Any delegation of authority to take any action must be approved in the same manner as would be required for the Board to approve such action directly. The salaries of all officers, employees and agents of the Company shall be fixed by the Board in accordance with the Approved BudgetBudget without any further action of the Board or the Members.