Management Control. 1. Ownership interests representing more than fifty percent (50%) of the voting, appointment or designation power of a company for the selection of a majority of (i) the board of directors of a corporation (ii) the management committee members of a joint venture or partnership or (iii) the members of the management board of a limited liability company; or 2. The right, pursuant to written contract or the by-laws, charter, operating agreement or similar documents of an entity, to select, appoint or designate a majority of (i) the board of directors of a corporation (ii) the management committee members of a joint venture or partnership or (iii) the members of the management board of a limited liability company.
Appears in 3 contracts
Samples: Cyber and Technology Liability Policy, Cyber and Technology Liability Policy, Cyber and Technology Liability Policy
Management Control. 1. Ownership interests representing more than fifty percent (50%) of the voting, appointment or designation power of a company for the selection of a majority of (i) the board of directors of a corporation corporation, (ii) the management committee members of a joint venture or partnership partnership, or (iii) the members of the management board of a limited liability company; or
2. The right, pursuant to written contract or the by-laws, charter, operating agreement or similar documents of an any entity, to select, appoint or designate a majority of (i) the board of directors of a corporation corporation, (ii) the management committee members of a joint venture or partnership partnership, or (iii) the members of the management board of a limited liability company.
Appears in 2 contracts
Samples: Cyber & Professional Liability Insurance Agreement, Multimedia Professional Liability Insurance Agreement
Management Control. 1. Ownership interests representing more than fifty percent (50%) of the voting, appointment or designation power of a company for the selection of a majority of (i) the board of directors of a corporation corporation, (ii) the management Management committee members of a joint venture or partnership partnership, or (iii) the members of the management Management board of a limited liability company; or
2. The right, pursuant to written contract or the by-laws, charter, operating agreement or similar documents of an any entity, to select, appoint or designate a majority of (i) the board of directors of a corporation corporation, (ii) the management Management committee members of a joint venture or partnership partnership, or (iii) the members of the management Management board of a limited liability company.
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