Role of Management Sample Clauses

Role of Management. Union Valley Management fully accepts that this function is to assist the Board of Trustees in the operation and administration of the Association. Notwithstanding, the express authority given to Union Valley Management in this Agreement, it is understood and agreed that Union Valley Management shall at all times confer fully and freely with the Board of Trustees in the performance of the services set forth hereinafter, including but not limited to attendance at Board meetings.
Sample 1
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Role of Management. The Management is led by the Chief Executive Officer (the “CEO”) of the REIT Manager (also the CEO of the Trustee- Manager). Senior Management, comprising the CEO and the Chief Financial Officer (“CFO”) of the Managers, (collectively, the “Key Management Personnel”) are responsible for executing the Boards' strategies and policies, and are accountable to the Boards for the planning, direction, control, conduct and performance of the business operations of the Managers. Division of Responsibilities between the Chairman and the CEO The Chairman and the CEO are separate persons and the division of responsibilities between the Chairman and the CEO is clearly demarcated, avoids concentration of power and ensures a degree of checks and balances, an increased accountability, and greater capacity of the Board for independent decision making. Such separation of roles between the Chairman and CEO promotes robust deliberations by the Boards and Management on the business activities of FHT. Relationships between the Boards and the CEO None of the members of the Boards and the CEO are related to one another, and none of them has any business relationships among them. Board Committees Each of the REIT Manager Board and the Trustee-Manager Board has formed committees of their respective boards (the “Board Committees”) to oversee specific areas, for greater efficiency. Each of the REIT Manager Board and the Trustee- Manager Board has constituted two Board Committees, namely, the Audit, Risk and Compliance Committee (“ARCC”), and the Nominating and Remuneration Committee (“NRC”). The ARCC of the REIT Manager (“REIT Manager ARCC”) and the ARCC of the Trustee-Manager (“Trustee-Manager ARCC”) comprise the same persons. The NRC of the REIT Manager (“REIT Manager NRC”) and the NRC of the Trustee-Manager (“Trustee-Manager NRC”) also comprise the same persons. Minutes of all Board Committee meetings are circulated to the respective Boards so that Directors are aware of and kept updated on the proceedings, matters discussed and decisions made during such meetings, and to enable the Directors to weigh in on any key points under consideration. AUDIT, RISK AND COMPLIANCE COMMITTEE(a) MEMBERSHIP KEY OBJECTIVES Xxxxx Xxxx See Hong, ChairmanLaw Song Keng, MemberLiew Xxxxx Xxx, Member • Assist Board in fulfilling responsibility for overseeing the quality and integrity of the accounting, auditing, internal controls, risk management and financial practices of the Manager Note:
Sample 1
Role of Management 
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Related to Role of Management

  • Change of Management Not to make any substantial change in the present executive or management personnel of the Borrower.

  • Use of Manager’s Name The Corporation or Fund may use the name “X. Xxxx Price Retirement Funds, Inc.” and “X. Xxxx Price Retirement 2065 Fund” or any other name derived from the name “X. Xxxx Price” only for so long as this Agreement or any extension, renewal, or amendment hereof remains in effect, including any similar agreement with any organization which shall have succeeded to the business of the Manager as investment manager. At such time as this Agreement or any extension, renewal or amendment hereof, or such other similar agreement shall no longer be in effect, the Corporation or Fund will (by corporate action, if necessary) cease to use any name derived from the name “X. Xxxx Price,” any name similar thereto or any other name indicating that it is advised by or otherwise connected with the Manager, or with any organization which shall have succeeded to the Manager’s business as investment manager.

  • Activities of Manager The obligations of Manager pursuant to the terms and provisions of this Management Agreement shall not be construed to preclude Manager from engaging in other activities or business ventures, whether or not such other activities or ventures are in competition with Owner or the business of Owner.

  • Compensation of Managers Except as may be expressly provided for herein or hereafter approved by the Member, no payment will be made by the Company to any Manager for the services of such Manager or any partner or employee of the Manager.

  • Role of Members A Member, while a Member, retains the Lawyers exclusively to act for the Member in prosecution of their Claim and via the Scheme.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Duties of Managers Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware.

  • Obligations of Management Each officer and key employee of the Company is currently devoting substantially all of his or her business time to the conduct of the business of the Company. The Company is not aware that any officer or key employee of the Company is planning to work less than full time at the Company in the future. No officer or key employee is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer or key employee is or will be compensated by such enterprise.

  • Duties of Manager The Manager, at its own expense, shall furnish the following services and facilities to the Trust:

  • Compensation of Manager For the services to be rendered and the facilities to be provided by the Manager hereunder, the Trust shall pay to the Manager from the assets of each Fund a management fee computed daily and paid monthly at an annual rate equal to the lesser of (i) that percentage of that Fund's average daily net assets for the Fund's then-current fiscal year set forth opposite the Fund's name on Schedule A annexed hereto (the "Aggregate Management Fee"), minus that Fund's Aggregate Subadviser Fee (as defined below), if any, and (ii) the difference between that Fund's Aggregate Management Fee for the Fund's then-current fiscal year and the aggregate management fees allocated to that Fund for the Fund's then-current fiscal year from the registered investment company portfolios in which it invests (for which the Manager or an affiliate serves as investment adviser). To the extent that any Fund's Aggregate Subadviser Fee exceeds that Fund's Aggregate Management Fee, the Manager shall pay such amount to the applicable subadvisers on the Fund's behalf. A Fund's Aggregate Subadviser Fee is the aggregate amount payable by that Fund to subadvisers pursuant to agreements between the Trust on behalf of the Fund and the subadvisers. If the Manager provides services hereunder for less than the whole of any period specified in this Section 3, the compensation to the Manager shall be accordingly adjusted and prorated.

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