Finance Director. The Company will have a Finance Director. Each Shareholder will exercise (and will cause each of its Affiliates to exercise) its voting rights so that the nominee of the Shareholder responsible for making such nomination pursuant to this Agreement will be elected as Finance Director for the relevant period during the JV Term. The Finance Director will be responsible for all day-to-day financial matters involving the Company and its subsidiaries, represent the Company, observe and enforce the financial matters resolved by the Board and the general meeting of Shareholders and the provisions of this Agreement and be responsible for the general financial management of the Company. Notwithstanding anything to the contrary in this Agreement, the Finance Director will not have the ability to make any decision which would result in the Company or a Shareholder failing to act in accordance with this Agreement nor will the Finance Director make any decision that is inconsistent with the then-current Budget or Development Plan. The party nominating the Finance Director will be liable for paying the salary and compensation of the Finance Director until such time as the Board agrees that the Finance Director will either become a full time employee of the Company, or be otherwise compensated by the Company.
Finance Director. (a) The Appointing Shareholder, if any, may from time to time, nominate a person to be the Finance Director by giving notice to the Company and the MCE Shareholders:
(i) specifying the name of the proposed Finance Director;
(ii) attaching the resume of, and all reports prepared by or on behalf of the Company in relation to, the proposed Finance Director; and
(iii) specifying the proposed date of appointment (which must be no earlier than the date 25 Business Days from the date of receipt of the notice (Appointment Date)).
(b) The MCE Shareholders may veto the appointment of a proposed Finance Director by giving notice to the Appointing Shareholder (with a copy to the Company) no later than 25 Business Days after receipt of the notice in clause 10.2(a).
(c) The Appointing Shareholder must, if requested by the MCE Shareholders, give the MCE Shareholders reasonable opportunity to meet the proposed appointee, assess the proposed appointee’s work references and conduct any executive assessment and any other due diligence process as may be required during the period 25 Business Days after receipt of the notice in clause 10.2(a).
(d) If the appointment of the proposed Finance Director is not vetoed by the MCE Shareholders under clause 10.2(b), that person will be deemed to be appointed on the Appointment Date unless the proposed appointment is withdrawn prior to that date by notice by the Appointing Shareholder to the Company and the MCE Shareholders.
(e) The Finance Director may be removed at any time by:
(i) the Appointing Shareholder, after consultation with the MCE Shareholders;
(ii) the Board for Cause; or
(iii) under clause 10.3(c).
(f) Subject to clause 10.2(g), the terms of employment of the Finance Director will be determined by the Board provided that his or her responsibilities will include oversight over the Company’s expenses, receipts and disbursements, maintenance of books and records related thereto, financial reporting, operating and capital budgeting, oversight of the Company’s financial systems and controls, supervisory authority over all other finance and accounting employees, and such other responsibilities not inconsistent therewith as determined by the Board from time to time.
(g) The form and amount of compensation of the Finance Director will be solely determined by the Appointing Shareholder (subject to the Company’s annual budget as approved by the Board) after consultation with the MCE Shareholders and having regard to the terms then a...
Finance Director. The Finance Director shall develop the budgetary needs of the Company. The Finance Director shall assist the President as to the financial needs of the Company and shall perform such other duties and have such other powers as the Member or the President may from time to time prescribe.
Finance Director. The Board shall select, by a vote taken in accordance with Section 10.8 of this Agreement, a Finance Director from one of the Members to be Finance Director for the SBWMA, who serves at the pleasure of the Board. The duties of the Finance Director include, but are not limited to the following, all in accordance with prudent financial management and California law, including but not limited to California Government Code
a. Reports to the Chair on any and all SBWMA financial matters.
b. Serves as the SBWMA’s treasurer and controller.
c. Receives and accounts for any and all SBWMA revenues.
d. Makes any and all SBWMA investments using sound and prudent investment practices.
e. Disburses and accounts for any and all SBWMA funds.
f. Issues or causes to be issued all Revenue Bond payments, according to the payment schedule as part of the Revenue Bonds.
g. Maintains any and all reserves, as may be required by the Revenue Bonds or any other instruments.
Finance Director. The BPHC recommends that the health center select and directly employ a Finance Director, and no other entity should have the authority to select or dismiss the Finance Director. In some health centers, this position may be combined with that of Executive Director.
Finance Director. The Director of the Department of Finance of the City (including an individual serving in an acting capacity), or his/her designee.
Finance Director. The Board shall select, by a vote taken in accordance with Section
a. Reports to the Chair on any and all SBWMA financial matters.
b. Serves as the SBWMA’s treasurer and controller.
c. Receives and accounts for any and all SBWMA revenues.
d. Makes any and all SBWMA investments using sound and prudent investment practices.
e. Disburses and accounts for any and all SBWMA funds.
f. Issues or causes to be issued all Revenue Bond payments, according to the payment schedule as part of the Revenue Bonds.
g. Maintains any and all reserves, as may be required by the Revenue Bonds or any other instruments.
Finance Director. Xx. Xxxxx joined the Manager in 2011. He heads the finance team and oversees the functions on all accounting, finance and treasury matters pertaining to Fortune REIT.
Finance Director. Primary Contact Email Primary Contact Phone Primary Contact Fax 1 0 Primary Contact Mobile 1 Secondary Contact Name
Finance Director. The Finance Director will be the chief financial officer of the Company. Subject to the supervision of the Senior Managing Director and the Supervisory Board and the provisions of this Agreement, the Constituent Documents of the Company and applicable Law, the Finance Director will:
(A) exercise the care and custody of all the Company's funds, securities, evidences of indebtedness and other personal property and deposit the same in accordance with the instructions of the Supervisory Board;
(B) receive and give receipts for moneys paid in on account of the Company, and pay out with funds on hand all bills, payrolls and other just debts of the Company of whatever nature upon maturity;
(C) be the principal accounting officer of the Company and as such maintain the methods and systems of accounting prescribed by Formus to be followed, keep complete books and records of account, prepare and file all tax returns, prescribe and maintain an adequate system of internal audits and prepare on a monthly basis and furnish to the Senior Managing Director and the Supervisory Board a statement of accounts showing the financial position of the Company and the results of its operations; and
