RIGHTS AND OBLIGATIONS OF THE DIRECTOR Sample Clauses

RIGHTS AND OBLIGATIONS OF THE DIRECTOR. 3.1. The Director has the following rights: (i) To receive the compensation for providing the Services during the Contract period, in the form of a fixed remuneration, as specified in this Contract in Article 4. 1. In the case of any fees, charges, burdens, taxes, deductions, or withholdings of any nature applicable, the Parties shall comply with the applicable legislation. The Director shall not receive additional remuneration if assigned specific functions within the Board of Directors. Furthermore, the Director does not benefit from a variable remuneration component. (ii) In addition to the fixed remuneration, the Director will benefit from the following facilities, which will be granted in accordance with the Remuneration Policy and the internal rules of the Company, up to a total net amount limited to the equivalent in lei of the sum of EUR 12,500 per year: - medical subscription in the MedLife network; - professional training courses / coverage of study expenses for the Director or for first- degree relatives; - subscription or membership fee to a gym/sports club for the Director and family members (spouse, children). (iii) Except for participation in the public pension system and, implicitly, in pillar II of the pension system in Romania (i.e., privately managed pension funds), the Directors do not benefit from contributions to optional pension systems. (iv) Directors are provided, in accordance with the applicable internal rules of the Company, with a laptop, phone, car, and other tools necessary for their work, and they are reimbursed for expenses incurred in fulfilling the duties entrusted to them by the Company. (v) For the full execution of this Contract, the Director will have unlimited access to information regarding the activities of the Company, as well as to all documents and/or information related to commercial, legal, and accounting operations. 3.2. The Director has the following obligations: (i) Is responsible, together with the other members of the Board of Directors, for preparing the management / business plan, the annual financial statements, and any other declarations and reports of the Company to the General Shareholders Meeting, as required in accordance with Law 31/1990. (ii) Develops, together with the other members of the Board of Directors, the Company's strategy by establishing the main directions for activity and development. (iii) Participates in the Board of Directors’ meetings, and in the adoption of decisions of this bo...
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Related to RIGHTS AND OBLIGATIONS OF THE DIRECTOR

  • Successors and Assigns Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

  • Relationship of the Parties Nothing contained in this Agreement shall be construed to make one Party an agent of the other Party nor shall either party have any authority to bind the other in any respect, unless expressly authorized by the other party in writing. The Parties are independent contractors and nothing in this Agreement creates a relationship of employment, trust, agency or partnership between them.

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Remedies The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

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