Individual Duties Clause Samples
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Individual Duties. (1) The Managing Director shall be responsible for the management and supervision of the Company as a whole.
(2) The Managing Director shall exercise the rights and obligations of the employer according to the provisions of labor and social laws.
(3) The Managing Director shall safeguard the tax-related interests of the Company. He is required, within 3 months after expiration of a fiscal year and in consideration of business- and tax-related accounting rules to generate the annual financial statement (balance sheet, profit and loss statement, as well as appendix). He is responsible for ensuring that accounting adheres to business- and tax-related guidelines and that cost accounting is tailored to the Company.
(4) The Managing Director is responsible for the timely and proper disclosure of the annual financial statement according to § 325 HGB (Commercial Code). He shall make use of size-related simplification according to §§ 326 and 327 HGB unless the shareholders’ meeting has decided otherwise.
(5) Unless a different shareholders’ resolution is passed, the Managing Director shall convene the shareholders’ meeting in a proper manner, run it, and conclude it in a proper manner as well as record the minutes of the shareholders’ resolutions.
(6) The Managing Director shall prepare a business report for the shareholders meeting. Upon request, he shall provide interim business reports and information in writing.
(7) The Managing Director shall file the necessary entries into the Commercial Register.
(8) The Managing Director may only approve the assignment of company shares and fractional company shareholding based on the articles of incorporation and the relevant shareholders’ resolutions. The same applies for calling in any still outstanding capital contributions.
(9) According to § 40 GmbHG (law on private limited liability companies), the Managing Director shall promptly submit, after every change in the persons constituting the shareholders or in the scope of their stake, a list of the shareholders that is signed by him and that contains their last names, first names, status, place of residence, and initial contribution.
Individual Duties. Each party to this Agreement shall establish such policies and take such steps as may be necessary to ensure the integrity and continued operation of this Board and to implement this Agreement and all requirements herein contained.
Individual Duties. All involved Data Owners will participate in the determination to provide Data based on CDE polices and applicable laws and regulations. Data Owners will also participate in any validation and risk assessments as defined in this Agreement. The Data Owner takes ownership of the operational, technical, and informational management of the Data. Each Party’s Data Governance Manager is authorized, after following approved internal Data Governance policies, to approve the use of Data. The System ▇▇▇▇▇▇▇ shall manage the source system, and ensure the integrity and safety of the Data at all times. The System ▇▇▇▇▇▇▇ shall follow all security requirements outlined in this Agreement, to prevent the use or disclosure of Data not authorized by either this Agreement or the attached appendices. The System ▇▇▇▇▇▇▇ agrees to abide by all applicable state and federal laws and regulations, including FERPA, HIPAA, Colorado’s Student Data Transparency and Security Act, and others as specified in attached Appendices. If Researcher will link CDE’s Data with Data from another source, the result could be a new data set with potentially unique regulations and conditions governing its use. Prior to linking the Data, Researcher will provide detailed information to CDE outlining the Data being linked and the other sources for Data. The System ▇▇▇▇▇▇▇ will classify the linked data based on security or privacy risks. This could include evaluating the method of release, on the likelihood of identifying individuals from the linked Data, if linking the Data will violate any laws or regulations, or if the new data set meets the original request. Based on the results of the risk assessment, CDE may refuse to provide Researcher with some or all of the requested Data in its sole discretion in order to mitigate any risks identified. Should CDE consent to the Data being linked, the System ▇▇▇▇▇▇▇ shall apply additional constraints as necessary to the usage of the new data set. Detailed information on the Data being linked, the other sources of Data, and any additional constraints shall be documented in the Appendix.