Delegation; Officers Sample Clauses

Delegation; Officers. The Trustees shall have the power, consistent with their continuing exclusive authority over the management of the Trust and the Trust Property, to delegate from time to time to the Investment Adviser, to any committee of the Trustees or to officers, employees or other agents of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Trustees or otherwise as the Trustees may deem expedient, to at least the same extent as such delegation is permitted under the Delaware Statutory Trust Act and is permitted by the 1940 Act, as well as any further delegations the Trustees may determine to be desirable, expedient or necessary in order to effect the purpose hereof; provided, that such delegation of authority by the Trustees shall not cause any Trustee to cease to be a Trustee or cause the Investment Adviser or any such officer, employee or other agent to whom any authority has been delegated to be a Trustee. The Trustees may elect a Principal Executive Officer, Secretary, Principal Accounting Officer, Chief Compliance Officer and one or more other officers or assistant officers, each having such powers and duties as are set forth in the By-Laws or as otherwise provided by resolution of the Trustees, who shall each serve at the pleasure of the Trustees or until their successors are elected. The Trustees may authorize the Principal Executive Officer, Secretary, Principal Accounting Officer and any assistant officer may, but need not, be a Trustee.
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Delegation; Officers. The Board may delegate authority to act on behalf of the Company to one or more Persons from time to time to the full extent permitted by Act Section 18-407. Without limiting the generality of the foregoing, the Management Addendum attached hereto is hereby adopted and incorporated into this Agreement, subject to such future changes in Article V thereof, whether or not material, as the Directors may determine from time to time. Until changed by the Directors, the following Persons shall serve the offices set forth opposite his or her name below: Xxxxxx X. Xxxxxxxx, Xx. President Xxxxxxx Xxxxxxx Vice President and Treasurer Xxxxxxx Xxxxxxxx Secretary Xxxxxx X. XxXxxxx Assistant Secretary Xxxxxxxxx Xxxxxx Assistant Secretary
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Delegation; Officers. The Managers shall have the power to delegate authority to such officers, employees, agents and representatives of the Company as it may from time to time deem to be appropriate. Any delegation of authority to take any action must be approved in the same manner as would be required for the Managers to approve such action directly.
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Delegation; Officers. The Board may, from time to time, delegate to one or more committees (including a compensation committee and audit committee) such authority and duties as the Board may deem advisable in addition to those powers and duties set forth in Section 6.8. Any delegation pursuant to this Section 6.12 must be in writing and may be revoked at any time by the Board. The Managers shall name such Officers of the Company as the Managers determine to be necessary or desirable. Such Officers shall have such duties and responsibilities as the Managers shall delegate to them and such Officers shall perform those duties and responsibilities subject always to the direction and control of the Managers. Any Officer may be removed and/or replaced at any time by the determination of the Managers.
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Delegation; Officers. Subject to Section 3.6, the Board of Managers shall designate and delegate such authority to its employees or other Persons to perform tasks assigned by the Board of Managers to those employees or other Persons, as the Board of Managers deems necessary or advisable, and in the best interests of the Company. Except as otherwise expressly provided herein, all decisions, actions and approvals by the Board of Managers shall be made or effected by a Majority Vote of the Managers. The day to day operations of the Company shall be managed by the officers of the Company who will be elected by the Board of Managers. The officers shall consist of a Chairman, Vice Chairman, President, one or more Vice Presidents, a Secretary, a Treasurer and may consist of such other officers and assistant officers as the Board of Managers may determine. Each officer or assistant officer shall serve at the pleasure of the Board of Managers. The compensation, if any, of all officers and assistant officers shall be fixed by, or pursuant to authority delegated by, the Board of Managers from time to time. Any two or more offices may be held by the same person. The following officers of the Company shall serve at the pleasure of the Board of Managers until their successors are elected: Chairman-Xxxxxxx X. Xxxxx; Vice Chairman-Xxxx Xxx, Xx.; President-C. Xxxxx Xxxxx; and Vice President, Secretary and Treasurer-Xxxxxxx X. Xxxxxx.
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Delegation; Officers. (a) The Managing Member shall have the power to delegate authority to such officers, employees, agents and representatives of the Company as it may from time to time deem to be appropriate. Any delegation of authority to take any action must be approved in the same manner as would be required for the Managing Member to approve such action directly. (b) Subject to the rights and authority of the Managing Member, the day-to-day operations of the Company shall be run by the officers of the Company who will be elected by the Managing Member. The officers shall consist of a President, Vice President, Secretary and Treasurer. Each officer or assistant officer shall serve at the pleasure of the Managing Member. Any two or more offices may be held by the same person.
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Related to Delegation; Officers

  • Union Officers Employees hereafter elected or appointed to full­ time Union office shall be granted a leave of absence without loss of sen­ iority but without accumulating seniority during the period of the leave of absence.

  • Executive Officers To the knowledge of the Company, no executive officer or person nominated to become an executive officer of the Company (a) has been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding minor traffic violations) or (b) is or has been subject to any judgment or order of, the subject of any pending civil or administrative action by the Securities and Exchange Commission or any self-regulatory organization.

  • Responsibility of Dual Directors, Officers and/or Employees If any person who is a director, officer or employee of the Adviser is or becomes a Trustee, officer and/or employee of the Fund and acts as such in any business of the Fund pursuant to this Agreement, then such director, officer and/or employee of the Adviser shall be deemed to be acting in such capacity solely for the Fund, and not as a director, officer or employee of the Adviser or under the control or direction of the Adviser, although paid by the Adviser.

  • Delegate If the Employing Authority lawfully authorises a delegate to act on its behalf, a reference in this contract to the Employing Authority includes a reference to that delegate.

  • APPOINTING OFFICERS If authorized by majority vote of the Members, the Chief Executive Member may appoint officers or managers and define their function and authority.

  • Duties of Officers Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law of the State of Delaware.

  • Additional Officers The Trustees from time to time may appoint such other officers or agents as they may deem advisable, each of whom shall have such title, hold office for such period, have such authority and perform such duties as the Trustees may determine.

  • Other Officers Such other officers as the Board of Directors may choose shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors. The Board of Directors may delegate to any other officer of the Corporation the power to choose such other officers and to prescribe their respective duties and powers.

  • Salaries and Fees of Officers The Manager shall pay all salaries, expenses, and fees of the officers and directors of the Corporation who are affiliated with the Manager.

  • Resignation of Officers and Directors Parent shall have received a written resignation from each of the officers and directors of the Company effective as of the Effective Time.

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