FORMATION AND OPERATION OF THE ADVISORY BOARD Sample Clauses

FORMATION AND OPERATION OF THE ADVISORY BOARD. Manager and Practice shall establish an Advisory Board responsible for advising Manager in connection with the development of management and administrative policies for the overall operation of the medical practice of Practice. The Advisory Board shall consist of four (4) members. Manager shall designate, in its sole discretion and from time to time, two (2) members of the Advisory Board. Practice shall designate, in its sole discretion and from time to time, two (2) members of the Advisory Board. Except as may otherwise be provided, the act of a majority of the members of the Advisory Board shall be the act of the Advisory Board.
AutoNDA by SimpleDocs
FORMATION AND OPERATION OF THE ADVISORY BOARD. The parties hereby establish a Advisory Board which shall be responsible for providing dispute resolution on certain matters and for developing and implementing management and administrative policies for the overall operation of the Dental Centers. The Advisory Board shall consist of two (2) members. CDS shall designate, in its sole discretion, one (1) member of the Advisory Board. Dental Practice Entity shall designate, in its sole discretion, one (1) member of the Advisory Board. The Advisory Board members selected by the Dental Practice Entity shall be full-time employees of the Dental Practice Entity engaged in the practice of dentistry. Each party's representatives to the Advisory Board shall have the authority to make decisions on behalf of the respective party. Except as may otherwise be provided, the act of a majority of the members of the Advisory Board shall be the act of the Advisory Board. In the event of a voting deadlock, a person mutually agreed upon by CDS and Dental Practice Entity shall be temporarily appointed to the Advisory Board within five (5) days for the sole purpose of casting a deciding vote. The decisions, resolutions, actions, or recommendations of the Advisory Board shall be implemented by CDS or Dental Practice Entity as appropriate.
FORMATION AND OPERATION OF THE ADVISORY BOARD. The parties hereby establish a Advisory Board which shall be responsible for providing dispute resolution on certain matters and for developing and implementing management and administrative policies for the overall operation of the Centers. The Advisory Board shall consist of two (2) members. CDS shall designate, in its sole discretion, one (1) member of the Advisory Board. Dental Practice Entity shall designate, in its sole discretion, one (1) member of the Advisory Board. The Advisory Board members selected by the Dental Practice Entity shall be full-time employees of the Dental Practice Entity engaged in the practice of dentistry. Each party's representatives to the Advisory Board shall have the authority to make decisions on behalf of the respective party. Except as may otherwise be provided, the act of a majority of the members of the
FORMATION AND OPERATION OF THE ADVISORY BOARD. The parties shall establish an Advisory Board (the "Advisory Board") to develop, advise and make recommendations to the Manager with respect to management and administrative policies for the overall operation of the Practice Group's practice. The Advisory Board shall consist of two (2) members. Practice Group shall designate, in its sole discretion, one (1) member of the Advisory Board. Manager shall designate, in its sole discretion, one (1) member of the Advisory Board. The Advisory Board may act by unanimous written consent or by meeting. If action is to occur by meeting, each member shall receive at least three (3) business days advance written notice of such meeting. The requirement of such notice may be waived by a member in writing or by attendance. For action to be taken by the Advisory Board at a meeting, both of the members of the Advisory Board must be present. Except as may otherwise be provided in this Agreement, any action of the Advisory Board taken at a meeting shall require the approval of both members of the Advisory Board, whether or not present at such meeting.
FORMATION AND OPERATION OF THE ADVISORY BOARD. Manager and PDS shall establish an Advisory Board responsible for advising Manager in connection with the development of management and administrative policies for the overall operation of PDS. The Advisory Board shall consist of four (4) members. Manager shall designate, in its sole discretion and from time to time, two (2) members of the Advisory Board. PDS shall designate, in its sole discretion and from time to time, two (2) members of the Advisory Board. Except as may otherwise be provided, the act of a majority of the members of the Advisory Board shall be the act of the Advisory Board.

Related to FORMATION AND OPERATION OF THE ADVISORY BOARD

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Communications and Operations Management a. Network Penetration Testing - Transfer Agent shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. Transfer Agent shall have a process to review and evaluate high risk findings resulting from this testing.

  • Cooperation and Coordination The Parties acknowledge and agree that it is their mutual objective and intent to minimize, to the extent feasible and legal, taxes payable with respect to their collaborative efforts under this Agreement and that they shall use all commercially reasonable efforts to cooperate and coordinate with each other to achieve such objective.

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Cooperation of the Parties Each Party agrees to cooperate fully in the preparation, filing, and prosecution of any Patent Rights under this Agreement. Such cooperation includes, but is not limited to:

  • Outside Activities of the Limited Partners Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Limited Partners, any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership Group. Neither the Partnership nor any of the other Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner.

  • ESTABLISHMENT AND ORGANIZATION OF THE TRUST Section 2.1. Establishment of the Trust.....................................34 Section 2.2. Office.........................................................34 Section 2.3.

  • Compensation of the Investment Manager 4.1 For the services to be rendered as provided herein, the Adviser shall pay to the Investment Manager for each month of the Fund’s fiscal year on the last day of each such month a fee based upon the average daily net assets of the Account, as determined pursuant to the Fund’s Registration Statement, at the following annual rate as a percentage of the Account's average daily net assets:

Time is Money Join Law Insider Premium to draft better contracts faster.