Number, Appointment, Tenure and Election of Managers Sample Clauses

Number, Appointment, Tenure and Election of Managers. (a) There shall be no more than eleven (11) members of the Board (each, a “Manager” and collectively, the “Managers”) ten of whom shall be elected by the Members. The eleventh Manager shall be elected by the Managers and shall not be a Member or an employee of a Member. Each Manager shall hold office until his or her death, resignation, retirement, disability, removal from office or until his or her successor is elected/appointed and assumes office. A Manager need not be a Member of the Company.
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Number, Appointment, Tenure and Election of Managers. The Managers of the Company shall be: Xxxx X. Xxxxx, and Xxxxx Xxxxxx Xxxxxx. The Member may, from time to time, amend this Section to increase or decrease the number of Managers, but in no instance shall the number of Managers be less than one. In such event the Member shall elect the required number of additional Managers or designate (as hereinafter provided) the Managers who shall no longer hold such office in the event the number is decreased.
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Number, Appointment, Tenure and Election of Managers. The Board of Managers shall initially consist of three managers selected by the Member. The Member may, from time to time, increase or decrease the number of managers, but in no instance shall the number of managers be less than one. In such event, the Member shall elect the required number of additional managers or designate the managers who shall no longer hold such office in the event the number is decreased.
Sample 1
Number, Appointment, Tenure and Election of Managers. (a) From and after the date hereof, the Members agree to vote all of their Units over which they have control, and the Company will take all reasonable actions within its control, that may be necessary in order to cause:
Sample 1
Number, Appointment, Tenure and Election of Managers. The initial Managers of the Company shall be: Xxxxx X. Xxxxxxxx, Xxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxxx (the “Initial Managers”). The Members by a vote of the Requisite Voting Majority In Interest may, from time to time, amend this Section 4.4, “Number, Appointment, Tenure and Election of a Manager”, to increase or decrease the number of Managers, but in no instance shall the number of Managers be less than one. In such event the Members shall elect the required number of additional Managers or designate (as hereinafter provided) the Managers who shall no longer hold such office in the event the number is decreased.
Sample 1
Number, Appointment, Tenure and Election of Managers. Except as otherwise provided hereunder, the business and affairs of the Company shall be managed by three (3) Managers selected by a Majority in Interest, provided, however, that for so long as an Investor Member holds an Interest, the Investor Member Nominee shall have a right to designate one (1) of the Managers, which designee shall be reasonably acceptable to the Majority in Interest. The initial Managers of the Company shall be Xxxxxx X. Xxxxxxx, Xxxxxxx Xxxxxx, and Xxxxxx Xxxxxxx (the latter designated by S.C.P. Major). A Majority in Interest of the Members may, from time to time, amend this Section to increase or decrease the number of Managers, but in no instance shall the number of Managers be less than one (1). In such event the Members shall elect the required number of additional Managers or designate (as hereinafter provided) the Managers who shall no longer hold such office if the number is decreased.
Sample 1

Related to Number, Appointment, Tenure and Election of Managers

  • Designation and Appointment The Board may, from time to time, employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board), including employees, agents and other Persons (any of whom may be a Member or Director) who may be designated as Officers of the Company, with titles including but not limited to “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “general counsel” and “chief financial officer,” as and to the extent authorized by the Board. Any number of offices may be held by the same Person. In the Board’s discretion, the Board may choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of Delaware or a Member. Any Officers so designated shall have such authority and perform such duties as the Board may, from time to time, delegate to them. The Board may assign titles to particular Officers. Each Officer shall hold office until his successor shall be duly designated and shall have qualified as an Officer or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Board.

  • Restrictions on chartering, appointment of managers etc No Borrower shall, in relation to the Ship owned by it:

  • Resignation and Appointment of Successor (a) The Company agrees, for the benefit of the holders from time to time of the Warrant Certificates, that there shall at all times be a Warrant Agent hereunder until all the Warrants have been exercised or are no longer exercisable.

  • Term of Agreement; Resignation and Removal of Administrator This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.

  • Election and Removal of Directors Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

  • Appointment of Directors Immediately upon the Effective Time, Parent shall, in accordance with Section 2.3(d), accept the resignations and cause the appointments of those officers and directors of Parent identified in Exhibit C hereto, subject to any notice and waiting period requirements of federal law. At the first annual meeting of Parent’s stockholders and thereafter, the election of members of Parent’s Board of Directors shall be accomplished in accordance with the by-laws of Parent.

  • Initial Appointments The Company appoints the Trustee as the initial Paying Agent, the initial Registrar and the initial Conversion Agent.

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