Formation of the Board of Directors Clause Samples

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 ▇▇▇▇▇▇▇ Valley Water District and the County of Santa ▇▇▇▇ 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 ▇▇▇▇ 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”) 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. (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”). 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 ▇▇▇▇, the County of Santa ▇▇▇▇, 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 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 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 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.

Formation of the Board of Directors. The Authority shall be governed by a Board of Directors (“Board of Directors” or “Board”). The Board shall consist of five (5) Directors comprised of representatives who shall be appointed in the manner set forth in Section 6.3. 6.1.1 Three (3) Member Directors appointed by the governing body of each Member. 6.1.2 One (1) Agricultural Stakeholder Director representative of agricultural interests within the Basin. The Agricultural Stakeholder Director need not be a member of the MBAWG or the Farm Bureau. The Agricultural Stakeholder Director shall meet either or both of the following qualifications: a) Own, as an individual or shareholder, trustee, limited liability company member or manager, or as a member of any other owner entity, land overlying the Basin (at least partially) that is utilized for a commercial agricultural business that produces groundwater from the Basin for its agricultural operation; or b) Operate a commercial agricultural business that itself produces groundwater from the Basin for its agricultural operations on land overlying the Basin and be an approved stakeholder representative by that property’s owner. 6.1.3 One (1) Environmental Stakeholder Director representative of environmental interests within the Basin. The Environmental Stakeholder Director shall be an active member of a nonprofit, 501(c)(3) organization which has an adopted budget and, at the sole discretion of the Member Directors, meets the following requirements: (i) is currently active within lands overlying the Mound Basin; and (ii) has a mission that advances, or is furthered by, groundwater sustainability.

Formation of the Board of Directors. (a) The Board of Directors shall comprise of six (6) Board members including the Chairman of the Board (“Chairman”) and Vice Chairman of the Board (“Vice Chairman”). Each Party shall appoint three (3) Board members including the Chairman and the Vice Chairman. The Board of Directors shall be officially established on the Establishment Date. (b) Each Board member shall be appointed for a term of three (3) years, provided that the Party which has appointed a Board member may remove that Board member and appoint a replacement at its discretion and at any time to serve out such Board member’s term. A Board member may serve consecutive terms if re-appointed. If a seat on the Board is vacated by the retirement, resignation, removal, disability or death of a Board member, the Party which originally appointed such Board member shall appoint a successor to serve out such Board member’s term.