Officers’ Bonds. No officer of the Company need provide a bond to guarantee the faithful discharge of his duties, unless the Board of Managers by resolution requires a bond. If required, the officer will give the Company a bond in such sum and with such surety or sureties as will is satisfactory to the Board of Managers for the faithful performance of the duties of his office.
Appears in 13 contracts
Samples: Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.), Operating Agreement (Climacool Corp.)
Officers’ Bonds. No officer of the Company need provide a bond to guarantee the faithful discharge of his duties, the officer’s duties unless the Board of Managers Member shall by resolution requires so require a bond. If required, the bond in which event such officer will shall give the Company a bond (which shall be renewed if and as required) in such sum and with such surety or sureties as will is shall be satisfactory to the Board of Managers Member for the faithful performance of the duties of his office.
Appears in 2 contracts
Samples: Operating Agreement (Professional Teleconcepts, Inc.), Limited Liability Company Operating Agreement (Professional Teleconcepts, Inc.)
Officers’ Bonds. No officer of the Company corporation need provide a bond to guarantee the faithful discharge of his duties, the officer's duties unless the Board board of Managers directors shall by resolution requires so require a bond. If required, the bond in which event such officer will shall give the Company corporation a bond (which shall be renewed if and as required) in such sum and with such surety or sureties as will is shall be satisfactory to the Board board of Managers directors for the faithful performance of the duties of his office.
Appears in 2 contracts
Samples: Merger Agreement (Cephalon Inc), Merger Agreement (Cima Labs Inc)
Officers’ Bonds. No officer of the Company corporation need --------------- provide a bond to guarantee the faithful discharge of his duties, the officer's duties unless the Board board of Managers directors shall by resolution requires so require a bond. If required, the bond in which event such officer will shall give the Company corporation a bond (which shall be renewed if and as required) in such sum and with such surety or sureties as will is shall be satisfactory to the Board board of Managers directors for the faithful performance of the duties of his office.
Appears in 1 contract
Samples: Bylaws (Bell Atlantic Corp)
Officers’ Bonds. No officer of the Company need provide a bond to guarantee the faithful discharge of his duties, the officer’s duties unless the Board of Managers Member shall by resolution requires so require a bond. If required, the in which event such officer will shall give the Company a bond (which shall be renewed if and as required) in such sum and with such surety or sureties as will is shall be satisfactory to the Board of Managers Member for the faithful performance of the duties of his office.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Professional Teleconcepts, Inc.)
Officers’ Bonds. No officer of the Company need provide a bond to guarantee the faithful discharge of his duties, duties unless the Board of Managers by resolution requires require a bond. If required, in which event the officer will give the Company a bond (which will be renewed if and as required) in such the sum and with such the surety or sureties as will is satisfactory to the Board of Managers for the faithful performance of the duties of his office.
Appears in 1 contract
