Maximum Officers Sample Clauses

The Maximum Officers clause sets a limit on the number of officers that an organization or company may appoint at any given time. In practice, this means the governing documents or agreements will specify a maximum number, such as five officers, and the organization cannot exceed this cap regardless of its size or needs. This clause helps maintain manageable leadership structures, prevents excessive concentration of authority, and ensures clarity in organizational governance.
Maximum Officers. The number of officers taken into account under Section 10.06(F) clause (i) will not exceed the greater of 3 or 10% of the total number (after application of the Code §414(q) exclusions) of Employees, and in no event will exceed 50 officers.
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Related to Maximum Officers

  • Executive Officers To the knowledge of the Company, no executive officer or person nominated to become an executive officer of the Company (a) has been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding minor traffic violations) or (b) is or has been subject to any judgment or order of, the subject of any pending civil or administrative action by the Securities and Exchange Commission or any self-regulatory organization.

  • Union Officers Sufficient time off shall be granted to the four (4) Principal Officers of the Local 48 Union for the purpose of attending and conducting regular and special meetings of the Union. All hours associated with said work shall not be subject to the 2000-hour time bank identified in Section 1 of this Article. In addition, time off shall be granted to the four (4) principal officers of the Union and any other members of the Assistant Chiefs Negotiating Team, not to exceed two (2), during the term of deliberation of the Assistant Chiefs Negotiating Team. Time off for deliberations may not begin prior to nine (9) months before the contract expiration date. The aforementioned members of the negotiating team shall be granted up to five hundred (500) hours, in the aggregate, in order to prepare for negotiations. All aforementioned time off shall be granted with full pay and shall not be subject to the 2000-hour time bank identified in Section 1 of this article. All notifications for time off for Union Business shall be made to the Fire Chief prior to actual time being taken. These notifications shall be by email and must be followed by a Form 25-S not later than the member's next tour.

  • APPOINTING OFFICERS If authorized by majority vote of the Members, the Chief Executive Member may appoint officers or managers and define their function and authority.

  • Other Officers Such other officers as the Board of Directors may choose shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors. The Board of Directors may delegate to any other officer of the Corporation the power to choose such other officers and to prescribe their respective duties and powers.

  • No Personal Liability of Directors, Officers, Employees and Shareholders No past, present or future director, officer, employee, incorporator or shareholder of the Company, as such, will have any liability for any obligations of the Company under the Indenture or the Notes or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting any Note, each Holder waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.