Executive Members Sample Clauses

Executive Members being Full Members benefitting from certain additional rights as set out in Clause 8 below; and
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Executive Members. An Executive Member is an Industry Member that contributes at least Two Hundred Thousand dollars (US$200,000) in cash during a Participation Period. An Executive Member is eligible for an option to negotiate a royalty free, non-exclusive license in exchange for reimbursement of a pro-rata share of patent costs. The pro-rata share paid by Executive Members will be determined by dividing amount of patent costs to be paid by the number of BAPVC IP licensees at the time the patent costs are incurred.
Sample 1Sample 2
Executive Members. (a) The first Executive Members shall be Xxxx Xxxxxxxx and Xxxxx Xxxxx and any other person nominated by them in writing to serve as an Executive Member, for such duration and on such terms as are agreed between the parties from time to time.
Sample 1
Executive Members. GH&A and ENN shall each be entitled to select individuals active in the management of the Company to receive Membership Units representing an ownership interest in the Company of up to 10% in the aggregate (collectively, the "Executive Members"); 5% of which shall be made available to those individuals selected by GH&A, and 5% of which shall be made available to those individuals selected by ENN. The initial Executive Members are identified in the attached Exhibit A.
Sample 1

Related to Executive Members

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Committee Members See Section 3.5(a). -----------------

  • The Members Members are the owners of the Company. Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

  • Committee Membership 1. Local representatives on committees specifically established by this Collective Agreement shall be appointed by the local.

  • Limited Partners The Limited Partners shall not participate in the general conduct or control of the Partnership’s affairs and shall have no right or authority to act for or to bind the Partnership. The Limited Partners shall not be required to assume, endorse or guarantee any liabilities of the Partnership.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Initial Member (a) The name, address and initial Membership Interest of the initial Member is as follows: Name Membership Interest BR Cxxxxxx DFW Portfolio JV, LLC 100% c/o Bluerock Real Estate, L.L.C. 700 Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxx, XX 00000

  • General Partners Each Plains Entity or GP Entity that serves as a general partner of another Plains Entity or GP Entity has full corporate or limited liability company power and authority, as the case may be, to serve as general partner of such Plains Entity or GP Entity, in each case in all material respects, as disclosed in the Pricing Disclosure Package and the Prospectus.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!