Common use of Officers of Divisions Clause in Contracts

Officers of Divisions. From time to time the Board or, if authorized by the Board, the chief executive officer, may appoint one or more officers for any division, prescribe their powers and duties and settle their terms of employment and remuneration. The Board or, if authorized by the Board, the chief executive officer, may remove at its or his pleasure any officer so appointed, without prejudice to such officers rights under any employment contract. Officers of divisions or their sub-units shall not, as such, be officers of the Corporation.

Officers of Divisions. From time to time the Board or, if authorized board or a person designated by the Board, the chief executive officerboard, may appoint one or more officers for any division, prescribe their powers and duties and settle their terms of employment and remuneration. The Board or, if authorized board or a person designated by the Board, the chief executive officerboard, may remove at its or his pleasure any officer so appointed, without prejudice to such officers rights under any employment contract. Officers of divisions or their sub-units shall not, as such, such be officers of the Corporation.

Officers of Divisions. From time to time the Board board or, if authorized by the Boardboard, the chief executive officer, may appoint one or more officers for any division, prescribe their powers and duties and settle their terms of employment and remuneration. The Board board or, if authorized by the Boardboard, the chief executive officer, may remove at its or his the chief executive officer's pleasure any officer so appointed, without prejudice to such officers officer's rights under any employment contract. Officers of divisions or their sub-units shall not, as such, be officers of the Corporation.