Common use of Key Officers Clause in Contracts

Key Officers. The Key Officers of the Company shall be the President, Chief Operating Officer, Chief Financial Officer and an officer without specific designation. The Parties agree to cause the directors they indicated to appoint as the President of the Company any such person the Chairman may designate, subject to the prior written approval of Surebeam Corporation, which approval shall not be unreasonably withheld. The Parties agree to cause the directors they indicated to appoint as the Chief Financial Officer any such person Tech Ion may designate, subject to the prior written approval of Surebeam Corporation, which approval shall not be unreasonably withheld. The Key Officers shall be confirmed by a majority vote of the Board of Directors. (a) Each and every act and document involving any liability or obligation to the Company, such as deeds of any nature whatsoever, checks, promissory notes, bills of exchange, money orders, debt instruments, in general, in addition to any agreement, including loan agreements, and any other documents unspecified herein, shall be JOINTLY signed by: (i) two Key Officers, one indicated by Techion and one indicated by Titan; or (ii) one Key Officer and one attorney-in-fact vested with specific powers, one indicated by Techion and one indicated by Titan; or (iii) two (2) attorneys-in-fact vested with specific powers, one indicated by Techion and one indicated by Titan.