Senior Executives. Euronav CEO (residing in Belgium) to be retained as CEO of Frontline following Tender Offer Completion. • Other executives / senior management members will be selected among existing Frontline and Euronav remaining management or potential new candidates and will be evaluated by the Integration Committee on an as needed basis in order to retain/attract the best talents and proposed to and resolved upon by the Nomination Committee, save for in relation to the CFO, which shall be resolved upon by the full Board. • All executives to be exclusively employed by the combined group following Tender Offer Completion • Management office to be opened in Cyprus (“Frontline head office”) with personnel (expected at least five FTE in the short term) performing at least the following functions (i) senior officials with authority to bind Frontline for day-to-day management purposes, including (a) a country manager reporting to the CEO with specific functions and authority with respect to the (pre-combination) Frontline business including coordination of possible post- combination reorganisation thereof (including exploring the possibility of bringing vessels under Cyprus tonnage tax regime) (b) a manager or director with authority to direct payments from bank accounts opened and managed from Cyprus (ii) employees performing or supporting corporate headquarter functions to be identified by Euronav and Frontline (e.g. corporate strategy, finance, communications and investor relations, consolidation, accounting, group tax compliance, legal, HR, IT) (iii) secretarial support to the Board and the Board Committees including organisation, planning, administration and archiving thereof. Cyprus management office to be point of reception and correspondence for Frontline and books, accounts and archives to be maintained in Cyprus (in paper or digital form). • Operational office in Antwerp to be maintained and, after a legal merger and so long as the (former) Euronav activities are not contributed into a Belgian subsidiary, to be maintained within a Belgian branch managed by a branch manager reporting to the CEO. • Operational offices of the combined group in Oslo, UK, Singapore, Greece and the United States expected to play a significant role in the organization and will be further evaluated.
Senior Executives. The Senior Executives shall diligently attempt to resolve the dispute, including, if they deem it necessary, meeting directly in order to provide full consideration of the dispute. If the Senior Executives are unable to resolve the dispute within sixty (60) additional days after the second consultation then the dispute shall be referred to arbitration.
Senior Executives. The parties shall use reasonable efforts to settle all Disputes. In the event any Dispute is not settled within 30 days after the date such Dispute arises, each party shall within 10 days refer the matter in dispute to its Senior Executive. The Senior Executives shall meet within 21 days to attempt to negotiate a resolution of the Dispute. Settlement offers shall not be admissible in any subsequent dispute resolution process.
Senior Executives. Failing resolution during the period provided in the preceding paragraph (a), each Party shall proceed with a hearing by senior executives of Buyer and Seller (“Senior Executives”). Each Party shall appoint a Senior Executive, and the Senior Executives shall meet in person within ten (10) Business Days after the end of the period described in the preceding paragraph (a) and in good faith attempt to resolve the dispute. If the Senior Executives cannot resolve the dispute within fifteen (15) Business Days after their initial meeting, the aggrieved Party may terminate this Agreement and exercise such other remedies as may be available to it (whether at law or in equity).
Senior Executives. The "Senior Executives" shall mean all members of Employer's Office of the Chairman (howsoever called), and all senior executive officers of Employer.
Senior Executives. Senior Executives shall mean the following executive officers of the Company only: (i) the President and the Chief Executive Officer, (ii) the Chief Financial Officer and (iii) the President—Girbaud Division.
Senior Executives. In the event that there is a dispute, controversy, or claim between the Parties arising out of or relating to this Agreement, or its interpretation, performance, or any breach of any obligations hereunder (each, a “Dispute”), the Dispute shall first be presented to the Chief Executive Officer of each Party, or their respective designees (“Senior Executives”) for attempted resolution. The Senior Executives will meet in-person and use good faith efforts to resolve any such dispute [***], and if such dispute is not resolved [***] after commencing such in-person negotiations, or if either Party reasonable believes that resolution of such Dispute will not be reached within such time period, then either Party may initiate legal proceedings with respect thereto.
Senior Executives. Xx. Xxxxxxx X. Catacosinos shall be the Chairman of the Board of Directors, Chairman of the Executive Committee and Chief Executive Officer of the Company commencing at the Effective Time. At the first anniversary of the Effective Time, Xx. Xxxxxxxxxxx shall cease to be the Chief Executive Officer, shall continue to be Chairman of the Board and Chairman of the Executive Committee and shall become a consultant of the Company. Xx. Xxxxxx X. Catell shall be the President and Chief Operating Officer of the Company commencing at the Effective Time and shall succeed Xx. Xxxxxxxxxxx as Chief Executive Officer of the Company commencing on such first anniversary. The arrangements to cause such elections to take place at the First anniversary of the Effective Time contemplated by the preceding sentence may be altered only by a vote, following the Effective Time, of two-thirds of the entire Board of Directors of the Company. Each of the parties hereto shall take such action as shall reasonably be deemed by any of them to be advisable in order to give effect to the provisions of this Section 7.14.
Senior Executives. The Parties agree to co-operate and to use all reasonable endeavors to resolve any disputes or differences between them. Disputes between the Parties representative on the Management Committee which remain unresolved for thirty (30) days will be referred to the Chief Executive Officer in the case of MAXYGEN and the Managing Director- Research & Technology, in the case of TRPL, for resolution.
Senior Executives. At or before Closing, the Buyer Board shall appoint the following officers of the Buyer: Chief Executive Officer: Xxxxxxx X. Xxxxxx Chief Financial Officer: Xxxx X. XxXxxxxxx
