Liability of Board of Directors Officers Sample Clauses

Liability of Board of Directors Officers. A. The Members of the Governing Body for the Authority and its officers shall not be personally liable for any acts performed or omitted in good faith. The Authority may purchase insurance to provide coverage for the Governing Body Members and the Authority against suit or suits that may be brought against said Members of the Governing Body or the Authority involving or pertaining to any of their acts or duties performed or omitted for the Authority in good faith.
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Liability of Board of Directors Officers 

Related to Liability of Board of Directors Officers

  • Liability for directors, officers, or employees You acknowledge and agree not to make any claim personally against any employee, director or officer arising out of the work and services provided under these Terms of Business. This clause does not in any way limit or affect our liability to you as set out below.

  • Board “Board” means the Board of Directors of the Company.

  • Senior Management and Boards of Directors 1. Neither Party may require that an enterprise of that Party that is a covered investment appoint to senior management positions natural persons of any particular nationality.

  • Board of Trustees 2.1.1 The Board of Trustees will be comprised of 9 voting members that include 5 employee representatives and 4 employer representatives. The Board of Trustees will include among its members two independent experts, one representing the employer representatives and one representing the employee representatives. The employee representatives will be responsible for the appointment and termination of the employee Trustees, and the employer representatives will be responsible for the appointment and termination of the employer Trustees.

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