Managing Shareholder Sample Clauses

Managing Shareholder. Except as set forth in this Section, or his/her duly appointed successor (the "Managing Shareholder") shall manage, control, and operate the business and affairs of the as President and General Manager without any further action or approval by the Shareholders or the Board. The Managing Shareholder may be changed from time to time with the Consent of the Shareholders subject to the terms of any employment agreement between the and the Managing Shareholder. The Managing Shareholder shall have all powers and authority to carry on the business of the .
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Managing Shareholder. There shall always be at least one and not more than two Managing Shareholders. The initial Managing Shareholder shall be Xxxxxx X. Xxxx. If Xxxxxx X. Xxxx fails to serve for any reason, including death, resignation, or Incapacity, then the Managing Shareholders shall be Xxxxxx Xxxxxxxx and Xxxxxx Xxxx. If either of them fails to serve for any reason, then the other shall serve, and if both of them shall fail to serve for any reason, then the Trustees by a Majority Vote shall appoint one or two Managing Shareholders to fill the vacancy. A Managing Shareholder must always be a Xxxx Family Member.
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Managing Shareholder. Except as set forth in this Agreement, Xxxxxxx Xxxx, or his/her duly appointed successor, (the "Managing Shareholder") shall manage, control, and operate the day to day business and affairs of the Corporation as President and CEO without any further action or approval by the Shareholders or the Board except that the business and affairs of the Corporation shall be managed by, and all corporate powers shall be exercised by or under, the direction and approval of the Board of Directors including but not limited to annual budgets, business plans and officer compensation programs. The Managing Shareholder may be changed from time to time with the Consent of the Shareholders subject to the terms of any employment agreement between the Corporation and the Managing Shareholder. The Managing Shareholder shall not have the power or authority, without the consent of Shareholders holding 81% of the issued and outstanding shares of the Corporation, to issue additional shares of the Corporation to any person or entity and enter into any sale of the Corporation’s assets, securities or preferred stock.
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Managing Shareholder. Except as set forth in this Section, Xxxxxxx XxXxxx, or his/her duly appointed successor (the "Managing Shareholder") shall manage, control, and operate the business and affairs of the investment company as President and General Manager without any further action or approval by the Shareholders or the Board. The Managing Shareholder may be changed from time to time with the Consent of the Shareholders subject to the terms of any employment agreement between the investment company and the Managing Shareholder. The Managing Shareholder shall not have the power or authority, without the Consent of the Shareholders to: Investing in stocks Increasing the investment and by what amount and when How much of an invest goes to which stocks to be purchased
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Managing Shareholder. Managing shareholders are appointed at the AGM and hold their positions for 24 months (effective the 1st of the month following the AGM). The handover process from the previous managing shareholders to the newly appointed managing shareholders commences at the end of the AGM and ends after 3 months. The role of the managing shareholders shall be to manage the company in accordance with the resolutions adopted at the AGM. The managing shareholders can call as many meetings during the financial year as they deem necessary to manage the company. To be nominated or operate as a managing shareholder, the shareholder must be in good standing.
Sample 1

Related to Managing Shareholder

  • WARRANT HOLDER NOT DEEMED A SHAREHOLDER Except as otherwise specifically provided herein, the Holder, solely in such Person’s capacity as a holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in this Warrant be construed to confer upon the Holder, solely in such Person’s capacity as the Holder of this Warrant, any of the rights of a shareholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of stock, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which such Person is then entitled to receive upon the due exercise of this Warrant. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a shareholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.

  • FINRA Member Shareholders There are no affiliations with any FINRA member firm among the Company’s officers, directors or, to the knowledge of the Company, any five percent (5%) or greater stockholder of the Company, except as set forth in the Registration Statement, the Base Prospectus, any Prospectus Supplement or the Prospectus.

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