Means of Staffing the Company Sample Clauses

Means of Staffing the Company. 3.4.1 The Members shall appoint individuals to the positions allocated to the Members on the Board, as described further in Articles VI and VII. Independent Governors shall be appointed by and shall serve at the pleasure of the Executive Committee of the Board as described in Article VII. Up to two (2) Advisory Member Governors shall be appointed by The University and up to (2) shall be appointed by Bechtel. All Advisory Member Governors shall be approved by the Executive Committee and shall serve at the pleasure of the nominating Member. 3.4.2 The Members recognize the specific and unique expertise they each bring to the Company and acknowledge their intent to bring this expertise to bear in a balanced manner to maximize the management performance of the Prime Contract while preserving and improving the high quality of science and the healthy environment for conducting science at LANL. 3.4.3 Each of the Members shall ensure the availability of highly qualified personnel to staff positions within the Company as employees of the Company. The Members shall have primary responsibility for staffing the following areas: 3.4.3.1 The University’s primary areas of expertise and focus will be programs and science and technology. As such, the University will provide the key lead personnel and the majority of staff for programs and S&T matrix organizations, to bring the standards of world-class science and peer review, the values of intellectual independence, and access to the resources of the University and the scientific community at large. 3.4.3.2 Xxxxxxx’x primary areas of expertise and focus will be operations, business management and project management. As such, Bechtel will be expected to provide an appropriate number of key personnel with superior qualifications to lead the operational and business management organizations of LANL. In addition, Bechtel will provide an appropriate number of lower-level personnel with the requisite qualifications to serve in these same LANL organizations to bring the best management practices of the private sector for establishing and assuring performance in areas such as security, facilities, information technology, procurement, finance and human resources. 3.4.3.3 The primary areas of expertise of WG and BWXT will be in operations related to management and operation of nuclear and high hazard facilities, the manufacturing associated therein, and safeguards and security. As such, WG and BWXT will provide an appropriate number ...
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Related to Means of Staffing the Company

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Incorporation and Good Standing of the Company The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and to enter into and perform its obligations under this Agreement. The Company is duly qualified as a foreign corporation to transact business and is in good standing in the State of California and each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to qualify would not result in a Material Adverse Change.

  • Dissolution and Termination of the Company 20 Section 12.1. Dissolution.................................................20 Section 12.2. Liquidation.................................................20 Section 12.3. Time for Liquidation, etc...................................21 Section 12.4. Claims of the Members.......................................21

  • Directors and Officers of the Surviving Company From and after the Effective Time, until successors are duly elected or appointed and qualified in accordance with applicable law, the directors and officers of the Merger Company immediately prior to the Effective Time shall be the directors and officers of the Surviving Company.

  • Organization and Good Standing of the Company The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with full corporate power and authority to own, lease and operate its properties and conduct its business in all material respects as described in the Registration Statement, the Time of Sale Information and the Prospectus. The Company is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where the ownership or leasing of its properties or the conduct of its business requires such qualification, except where the failure to be so qualified and in good standing would not, individually or in the aggregate, have a material adverse effect on the operations, business, prospects, properties, financial condition or results of operation of the Company and its Subsidiaries taken as a whole (a “Material Adverse Effect”).

  • Certificate of the Company The Company shall deliver to Parent a true and correct certificate, validly executed by the Chief Executive Officer of the Company for and on the Company’s behalf, which (i) represents that the conditions to the obligations of Parent and Sub set forth in this Section 6.2 have been satisfied in full (unless otherwise waived in accordance with the terms hereof), and (ii) sets forth the Company Debt as of immediately prior to the Effective Time.

  • Reorganization of the Company The existence of this Award Agreement shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; any merger or consolidation of the Company; any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Restricted Stock or the rights thereof; the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

  • Duration of the Company The Company shall continue in perpetuity unless terminated sooner by operation of law or by decision of the Member.

  • Directors and Officers of the Surviving Corporation The directors of Merger Sub immediately prior to the Effective Time will, from and after the Effective Time, be the directors of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will, from and after the Effective Time, be the officers of the Surviving Corporation, in each case, until their respective successors have been duly elected, designated or qualified, or until their earlier death, disqualification, resignation or removal in accordance with the Surviving Corporation’s certificate of incorporation and bylaws.

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