Formation of the Board of Directors Sample Clauses
Formation of the Board of Directors. (1) The Board of Directors shall be the highest authority of the Joint Venture Company and shall decide all matters of major importance to the Joint Venture Company. The date of issuance of the Business License shall be the date of establishment of the Board of Directors.
(2) The Board of Directors shall comprise five (5) directors, one (1) of whom shall be appointed by Party A (subject to the prior consultation with Party B), and four (4) of whom shall be appointed by Party B (subject to the prior consultation with Party A).
(3) Each director shall be appointed for a term of three (3) years, provided that the Party that has appointed a director may remove that director and appoint a replacement at any time. A director may serve consecutive terms if reappointed by the Party that originally appointed him. If a seat on the Board of Directors is vacated by the retirement, resignation, removal, disability or death of a director, the Party that originally appointed such director shall appoint a successor to serve out such director’s term.
(4) Party B shall designate a director to serve as the Chairman of the Board of Directors. The Chairman of the Board of Directors is the legal representative of the Joint Venture Company, but shall not contractually or otherwise bind the Joint Venture Company without the prior written authorization of the Board of Directors. Whenever the Chairman of the Board of Directors is unable to perform his responsibilities for any reason, a director designated by the Chairman of the Board of Directors shall perform such responsibilities.
(5) To appoint or remove a director (including the Chairman), a Party shall notify the other Party in writing. Appointments and removals of directors shall become effective upon receipt of such notice by the other Party; provided, however, that a change of the Joint Venture Company’s legal representative shall not take effect until the relevant procedures required by the laws and regulations of China have been completed. Appointments and removals shall be filed with the Examination and Approval Authority and registered with the Registration Authority to the extent required by law.
Formation of the Board of Directors. The Agency shall be governed by a Board of Directors (“Board of Directors” or “Board”) consisting of representatives appointed in the manner set forth in Section 6.3 of this Agreement. The Board shall be composed of five (5)
Formation of the Board of Directors. The Agency shall be governed by a Board of Directors (“Board”). The Board shall consist of eleven (11) Directors consisting of the following representatives who shall be appointed in the manner set forth in Section 6.3:
6.1.1 Two representatives (referred to herein as “Member Agency Directors”), appointed by the governing board of each of the following Member Agencies: the Central Water District, the City of Santa Xxxx, the County of Santa Xxxx, and the Soquel Creek Water District.
6.1.2 Three representatives of private well owners within the boundaries of the Agency (referred to herein as “Private Well Owner Directors”).
Formation of the Board of Directors. The CMA GSA shall be governed by a Board of Directors (“Board”). Directors shall include one representative from each of the Members identified in Article 6.1.
Formation of the Board of Directors. The Agency shall be governed by a Board of Directors (“Board”). The Board shall consist of eleven (11) Directors consisting of the following representatives who shall be appointed in the manner set forth in Section 6.3:
6.1.1 Two (2) representatives appointed by the governing body of each of the following public agency Members: the Scotts Valley Water District, the San Xxxxxxx Valley Water District and the County of Santa Xxxx
6.1.2 One (1) representative appointed by the governing body of the City of Scotts Valley
6.1.3 One (1) representative appointed by the governing body of the City of Santa Xxxx
6.1.4 One (1) representative of the Mt. Hermon Association Community Water System
6.1.5 Two (2) representatives of private well owners or small public water systems within the boundaries of the Agency.
Formation of the Board of Directors. The Agency shall be governed by a Board of Directors (“Board of Directors” or “Board”). The Board shall be composed of seven (7) Directors consisting of the following representatives, who shall be appointed in the manner set forth in Section 6.3:
6.1.1 Five (5) Member Directors, with one (1) Member Director appointed by the governing board of each Member.
6.1.2 Two (2) Stakeholder Directors, one of which shall be representative of agricultural stakeholders and interests within the Basin and one of which shall be representative of environmental stakeholders and interests within the Basin. The two (2) Stakeholder Directors shall meet the following qualifications:
Formation of the Board of Directors. The SCV-GSA shall be governed by a Board of Directors (“Board of Directors” or “Board”). The Board shall consist of seven (7) Directors who shall be appointed in the manner set forth as follows:
6.1.1 Four (4) Directors appointed by the Board of Directors for the Santa Clarita Valley Water Agency, which is the successor entity to the Castaic Lake Water Agency, the Newhall County Water District, the Santa Clarita Water Division, and the Valencia Water Company.
6.1.2 One (1) Director appointed by the City Council for the City of Santa Clarita.
6.1.3 One (1) Director appointed by the County of Los Angeles Board of Supervisors.
6.1.4 One (1) Director appointed by Los Angeles Xxxxxx Xxxxxxxxxx Xxxxxxxx Xx. 00, Xxx Xxxxx.
Formation of the Board of Directors. The Company shall form a new board of directors on the date of issuance of the business license for foreign-invested enterprise.
Formation of the Board of Directors. The EMA GSA shall be governed by a Board of Directors (“Board”). Directors of the Board shall consist of one representative from each of the Members identified in Article 6.1, and one representative appointed by the Directors representing the Members, as follows:
(a) One Director representing Solvang;
(b) One Director representing Santa Xxxxxxx;
(c) One Director representing SYRWCD;
(d) One Director representing ID No.1; and
(e) One Director, appointed in accordance with Article 7.2 by the Directors listed in (a)-(d) above, representing the agricultural interests of the Members.
Formation of the Board of Directors. The WMA GSA shall be governed by a Board of Directors (“Board”). Directors shall include one representative from each of the Members identified in Article 6.1.