Directors of the Corporate General Partner Sample Clauses

Directors of the Corporate General Partner. Board of Directors The Board shall consist of a minimum of five (5) Directors, however the Board may consist of seven (7) Directors if agreed upon by Required Consent of the Shareholders/Limited Partners; the Board shall consist of all independent, public-at-large directors, none of which may be councillors or employees of the Municipalities;: current councillors or employees of the Municipalities; or people who were former councillors or former employees of any of the Municipalities within the preceding five (5) years no Board member shall be permitted to have a Material interest in any contract or agreement which the Limited Partnership is involved in, and any Board member which has such interest shall immediately declare such interest to the Board and the Proxy Committee, and the Shareholders/Limited Partners shall remove such Board member as soon as reasonably possible; notwithstanding anything in this Agreement to the contrary, the maximum term limit for any Board member is a total of nine (9) years; the first board of directors (the "First Board") shall be the same board of directors as the Commission as of the date of incorporation of the Corporate General Partner; the second board (the "Second Board") shall be appointed as soon as practicable as the First BoardSteering Committee determines and in any event, no later than November 1, 2020, as follows: the Shareholders/Limited Partners, through the steering committee created for the purpose of governing the transition from the Commission to the Limited Partnership (the "Steering Committee"), shall unanimously approve of a competencies matrix for the selection of the Second Board members, including the Chair of the Board (the "Chair"), along with the terms and remuneration for the Second Board members; notwithstanding the above, unless otherwise approved by unanimous consent of the Shareholders/Limited Partners, Second Board terms shall not exceed three (3) years and Second Board members shall be appointed for staggered terms alternating between two (2) and three (3) year terms such that at no point shall there be a full turnover of the Second Board in one year; notwithstanding the above, unless otherwise approved by unanimous consent of the Shareholders/Limited Partners, Second Board members shall all be compensated the same amount except for the Chair, who may receive greater compensation than the other Second Board members; the Steering Committee shall select a recruitment firm to seek out potentia...
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Directors of the Corporate General Partner 
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Related to Directors of the Corporate General Partner

  • Senior Management and Board of Directors 1. A Member State shall not require that a juridical person of that Member State appoint to senior management positions, natural persons of any particular nationality.

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • Management Board 6.1 The Management Board is responsible for the overall strategic direction of the Integrated Service. Its functions and terms of references are set out in Schedule 3 Part I to this Agreement.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • The Board 6.1 The appointment, dismissal and conduct of the Board shall be regulated in accordance with this agreement and the Articles.

  • Governing Board 1. The Centre shall be guided and overseen by a Governing Board renewed every 3 years and include:

  • Senior Management and Boards of Directors 1. Neither Party may require that an enterprise of that Party that is a covered investment appoint to senior management positions natural persons of any particular nationality.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

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