Officers; Delegation and Duties. The Company shall have such officers as the Manager deems to be necessary or desirable to conduct its business. Unless the Manager decides otherwise, if the title is one commonly used for officers of a business corporation, the assignment of such title shall constitute the delegation of the authority and duties that are normally associated with that office. Any number of offices may be held by the same Person.
Officers; Delegation and Duties. The Company shall have such officers, other employees and agents as shall be necessary or desirable to conduct its business. All officers of the Company must be members of the Board of Managers. The Board of Managers may assign titles to the officers they elect. Unless the Board of Managers decides otherwise, if the title is one commonly used for officers of a business corporation, the assignment of that title shall constitute the delegation of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made by the Board of Managers. Any number of offices may be held by the same Manager. The Managers serving as officers shall serve without compensation for their services as officers, but they may be reimbursed for all expenses reasonably incurred on behalf of the Corporation.
Officers; Delegation and Duties. The company shall have such officers, other employees, and agents as shall be necessary or desirable to conduct its business. The management committee may elect a member, manager, or other person to serve as an officer of the company. The management committee may assign titles to the officers they elect. If the management committee elects an officer of the company with a title that is commonly used for officers of a business corporation, the assignment of that title shall constitute the delegation of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made by the management committee. Any number of offices may be held by the same person. The salaries or other compensation, if any, of the officers, other employees, and agents of the company shall be fixed from time to time by the management committee or such other persons as have been delegated that authority.
Officers; Delegation and Duties. The Company may have such officers as shall be necessary or desirable to conduct its business. The Manager may elect a Member, Manager or other Person to serve as an officer of the Company. The Manager may assign titles to the officers they elect. Unless the Manager decides otherwise, if the title is one commonly used for officers of a business corporation, the assignment of such title shall constitute the delegation of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made by the Manager. Any number of offices may be held by the same Person.
Officers; Delegation and Duties. The Managing Member may elect any Person to serve as an officer of the Company. The Managing Member may assign titles to the officers they elect. Unless the Managing Member decides otherwise, if the title is one commonly used for officers of a business corporation, the assignment of such title shall constitute the delegation of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made by the Managing Member. Any number of offices may be held by the same Person. The salaries or other compensation, if any, of the officers and agents of the Company shall be fixed in accordance with the Budget in effect from time to time.
Officers; Delegation and Duties. As set forth herein, the Company shall have such officers as shall be necessary or desirable to conduct its business (collectively, “Officers’’) and shall be, at a minimum, one President, a Chief Science Officer, a Secretary, and a Treasurer or Chief Financial Officer. The Board shall also choose a Chairman of the Board (who must be a Manager). The Board may elect a Member, Manager or other Person to serve as an officer of the Company. The Board may assign titles to the officers they elect. If the title is one commonly used for officers of a business corporation, the assignment of that title shall constitute the delegation of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made by the Board herein. Any number of offices may be held by the same Person. The salaries or other compensation, if any, of the officers and agents of the Company shall be fixed from time to time by the Board.
Officers; Delegation and Duties. The Company shall have such officers as the Manager deems to be necessary or desirable to conduct its business. Unless the Manager decides otherwise, if the title is one commonly used for officers of a business corporation, the assignment of such title shall constitute the delegation of the authority and duties that are normally associated with that office. Any number of offices may be held by the same Person. Contributions by the Company. After all of the Members have made their initial Capital Contributions to the Company under Section 3.1.2, the Manager shall cause the Company to make Contributions in an aggregate amount equal to the aggregate initial Capital Contributions of the Members (or, if lesser, the amount approved by the DCED). After all of the Members have made their second Capital Contributions to the Company under Section 3.1.3, the Manager shall cause the Company to make Contributions, in an amount equal to the aggregate second Capital Contributions of the Members (or, if lesser, the amount approved by the DCED).
