Management of the Companies. 8.1 The overall management and operation of the Business of each Company shall be carried out by its Board, subject to:
Management of the Companies. Throughout the term of the Employment Agreements, Xxxxxxxx shall serve as the Chief Executive Officer of WRG and Xxxxxxx shall serve as Chief Executive Officer of DiscCo and Executive Vice President of DSH, respectively and as set forth in their respective Employment Agreements, and, subject to the provisions of Section 3.4 of this Agreement, shall have the authority and responsibility to manage the businesses of each of the Companies in their respective positions.
Management of the Companies. (a) The Board of Directors shall be responsible for establishing the overall policy and overall operating policies with respect to the business affairs of the Companies.
Management of the Companies. (a) The parties agree to modify the Amended Articles to give effect to the provisions of this Section 5.10.
Management of the Companies. As of the date hereof and until the Closing Date:
Management of the Companies. On or prior to the date hereof, the Companies shall have removed Xxxxxxx Xxxx as Chief Strategic Officer of the Companies and shall have appointed Xxxxx XxXxxxx as Chief Operating Officer of RNK and Xxxxx Xxxxxxxxx as Chief Executive Officer of Wave, each of whom shall report directly to Xxxx Xxxxxx, the Strategic Advisor of the Companies. As the Strategic Advisor of the Companies, Xxxx Xxxxxx shall have full authority to direct, manage, perform, control, implement and make all decisions with respect to the Companies’ financial, operational and managerial affairs, cost restructurings, personnel management, asset management and disposition, accounting function, bank and commercial relationship management, and all other aspects of the business, in each case, in such manner as the Strategic Advisor deems necessary or appropriate; provided that, the Strategic Advisor shall not have the authority to dismiss Xxxx Xxxx or Xxxxxx Xxxxxxxx.
Management of the Companies. The management of TW UK and UK Parent shall be carried out by the Officers and the Officers shall not be subject to any significant day to day responsibilities to Transworld.
Management of the Companies. Each Shareholder shall use its reasonable commercial efforts to ensure that the management and operation of the Companies shall be subject to the terms, conditions and obligations set forth in this Agreement.
Management of the Companies. Xxxxx Xxxxxxxxx (“Xxxxxxxxx”) may remain Chief Executive Officer of Borrower and Xxxxx XxXxxxx (“McMurty”) as the Chief Operating Officer of RNK (who, in such capacity, shall report directly to Dobrinsky); provided that, notwithstanding anything to the contrary contained in the Sixth Forbearance Agreement, unless and until a Forbearance Default occurs, Dobrinsky, in his capacity as Chief Executive Officer of the Borrower and McMurty in his capacity as Chief Operating Officer of RNK (i) shall no longer directly report to Xxxx Xxxxxx, the Strategic Advisor of the Companies (though McMurty shall continue to report to Dobrinsky) and (ii) shall have the power (upon consultation with Strategic Advisor) to direct and manage the Borrower and RNK, as applicable. Effective immediately upon the occurrence of a Forbearance Default, (i) Dobrinsky and McMurty shall resume reporting directly to Xxxx Xxxxxx and (ii) Xxxx Xxxxxx, as Strategic Advisor of the Companies, shall have full authority to direct, manage, perform, control, implement and make all decisions with respect to the Companies' financial, operational and managerial affairs, cost restructurings, personnel management, asset management and disposition, accounting function, bank and commercial relationship management, and all other aspects of the business, in each case, in such manner as the Strategic Advisor deems necessary or appropriate; provided that, the Strategic Advisor shall not have the authority to dismiss Xxxx Xxxx or Xxxxxx Xxxxxxxx.
Management of the Companies
