Common use of Management Positions Clause in Contracts

Management Positions. The Members agree to allocate certain initial Company management positions in accordance with Section 6.2 and the Initial Staffing Plan. Subject to Section 6.2, for subsequent appointments, the President shall nominate replacements for these positions due to death, disability, resignation, retirement, or termination, without regard to Member alignments, which nominations shall be subject to the approval of the Board by Majority Consent.

Appears in 4 contracts

Samples: Joint Venture Operating Agreement (Navistar International Corp), Joint Venture Operating Agreement (Caterpillar Inc), Truck Business Relationship Agreement (Navistar International Corp)

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