Common use of Duties and Powers of Chief Executive Officer and President Clause in Contracts

Duties and Powers of Chief Executive Officer and President. Either the president or the chief executive officer of the LLC shall preside at all meetings of the Members, shall have general and active management of the business of the LLC and shall see that all orders and resolutions of the Members and the Managers are carried into effect. The president shall have an affirmative duty to adequately protect the LLC from any and all liability, including, but not limited to, acquiring appropriate insurance coverage. Hubert Guez is hereby elected to serve as president and chief execuxxxx xxxxxxr of the LLC until removed or replaced in accordance with this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Tarrant Apparel Group)

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Duties and Powers of Chief Executive Officer and President. Either the president or the chief executive officer of the LLC shall preside at all meetings of the Members, shall have general and active management of the business of the LLC and shall see that all orders and resolutions of the Members and the Managers are carried into effect. The president shall have an affirmative duty to adequately protect the LLC from any and all liability, including, but not limited to, acquiring appropriate insurance coverage. Hubert Gerard Guez is hereby elected to serve as president and chief execuxxxx xxxxxxr anx xxxxx xxecutive officer of the LLC until removed or replaced in accordance with this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group)

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Duties and Powers of Chief Executive Officer and President. Either the president or the chief executive officer of the LLC shall preside at all meetings of the Members, shall have general and active management of the business of the LLC and shall see that all orders and resolutions of the Members and the Managers are carried into effect. The president shall have an affirmative duty to adequately protect the LLC from any and all liability, including, but not limited to, acquiring appropriate insurance coverage. Hubert Guez is hereby elected to serve as president and chief execuxxxx xxxxxxr execxxxxx xxxxxer of the LLC until removed or replaced in accordance with this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group)

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