Common use of Responsibilities of Partnership Leaders Clause in Contracts

Responsibilities of Partnership Leaders. The Partnership's officers and committees, including, but not limited to, the Managing Partner, any member of the Executive Committee (or any other member of any other committee of the Partnership), any chairperson, any departmental manager, and any other departmental or Partnership leader (regardless of title), and the Executive Committee (taken as a whole), shall not have, solely by reason of being such an officer or committee or acting (or omitting to act) in such capacity, (a) any responsibility, liability or accountability for any Partner's rendering of services to the Partnership's customers and clients or (b) the right or obligation of direct supervision and control of a Partner while such Partner is rendering services on behalf of the Partnership.

Appears in 9 contracts

Samples: Article Five (Jones Financial Cos Lp), Jones Financial Companies L P, Jones Financial Companies Lp LLP

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Responsibilities of Partnership Leaders. The Partnership's officers ’s officers, leaders, managers and committees, including, but not limited to, the Managing Partner, any member of the Executive Committee (or any other member of any other committee of the Partnership), any chairperson, any departmental manager, and any other departmental or Partnership leader (regardless of title), and the Executive Committee (taken as a whole), shall not have, solely by reason of being such an officer or committee or acting (or omitting to act) in such capacity, (a) any responsibility, liability or accountability for any Partner's Partner rendering of services to the Partnership's customers and ’s clients or (b) the right or obligation of direct supervision and control of a Partner while such Partner is rendering services on behalf of the PartnershipPartner.

Appears in 2 contracts

Samples: Jones Financial Companies LLLP, Jones Financial Companies LLLP

Responsibilities of Partnership Leaders. The Partnership's officers ’s officers, leaders, managers and committees, including, but not limited to, the Managing Partner, any member of the Executive Committee Enterprise Leadership Team (or any other member of any other committee of the Partnership), any chairperson, any departmental manager, and any other departmental or Partnership leader (regardless of title), and the Executive Committee Enterprise Leadership Team (taken as a whole), shall not have, solely by reason of being such an officer or committee or acting (or omitting to act) in such capacity, (a) any responsibility, liability or accountability for any Partner's Partner rendering of services to the Partnership's customers and ’s or any of its Affiliate’s clients or (b) the right or obligation of direct supervision and control of a Partner while such Partner is rendering services on behalf of the PartnershipPartner.

Appears in 2 contracts

Samples: Jones Financial Companies LLLP, Jones Financial Companies LLLP

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Responsibilities of Partnership Leaders. The Partnership's officers ’s officers, leaders, managers and committees, including, but not limited to, the Managing Partner, any member of the Executive Committee (or any other member of any other committee of the Partnership), any chairperson, any departmental manager, and any other departmental or Partnership leader (regardless of title), and the Executive Committee (taken as a whole), shall not have, solely by reason of being such an officer or committee or acting (or omitting to act) in such capacity, (a) any responsibility, liability or accountability for any Partner's ’s rendering of services to the Partnership's ’s customers and clients or (b) the right or obligation of direct supervision and control of a Partner while such Partner is rendering services on behalf of the Partnership.

Appears in 1 contract

Samples: Jones Financial Companies LLLP

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