Succession Plan. The Manager has established the succession plan attached hereto as Exhibit A.
Succession Plan. Succession The Compensation Committee of the Board of Directors of RP PLC, in consultation with the Manager, will develop temporary and permanent succession plans for senior management of the Manager, including Xxxxx Xxxxxxxxx, Xxxxxxxx Xxxxx, Xxxxx Xxxx, Xxxxxx Xxxxx, and Xxxxx Xxxxxxx. These succession plans will be updated and reviewed periodically with the Compensation Committee, which will report to the Board of Directors of RP PLC. Temporary Succession Plan The temporary succession plan: ● will provide a plan for filling the position of the CEO and other member of the senior management on a temporary basis if such person is incapacitated, quits, is terminated, or is otherwise unable to fulfill his duties (“Unavailable”); ● will name one or more current members of senior management of the Manager as potential interim CEO(s) in the event Xx. Xxxxxxxxx or his successor is Unavailable; and ● will also address potential replacements, contingent hires and/or other temporary arrangements for other members of the senior management of the Manager in the event such person is Unavailable. The Compensation Committee, in consultation with the Manager, will assess and provide feedback to the Manager regarding the Manager’s senior management team, with the objective of evaluating the Manager’s internal capabilities to handle an executive transition, including the ability of certain executives to assume other senior executive roles on an interim or permanent basis, should it become necessary. The Board of Directors of RP PLC will meet promptly following the triggering of the temporary succession plan to begin discussions regarding a permanent replacement for the CEO or other members of senior management.
Succession Plan. If no successor advisor(s) is named, please specify the final purpose for the Fund: ☐ According to the Letter of Understanding on file ☐ As follows: See Terms and Conditions for policy governing Durable Powers of Attorney and Personal Representatives.
Succession Plan. Succession The Compensation Committee of the Board of Directors, in consultation with the Manager, will develop temporary and permanent succession plans for senior management of the Manager, including Xxxxx Xxxxxxxxx, Xxxxxxxx Xxxxx, Xxxxx Xxxx, Xxxxxx Xxxxx, and Xxxxx Xxxxxxx. These succession plans will be updated and reviewed periodically with the Compensation Committee, which will report to the Board of Directors.
Succession Plan. Donor Advisor(s) may request that the Fund, or a portion thereof, be administered in the following way upon the cessation of his/her/their advisory rights. Total percentages should equal 100%. Unless otherwise indicated, if Donor Advisor(s) designates multiple Successor Advisors, Fund assets will be divided evenly across multiple donor-advised funds, each to be advised by a different Successor Advisor. Succession Option Percentage Transfer advisory privileges to designated Successor Advisor(s) Transfer Fund assets to CFU’s endowment established to help meet Utah’s most pressing needs Transfer Fund assets to another fund at CFU. Fund name: Total 100% 11 Professional Advisor Please let us know if you are working with a financial, tax or estate-planning advisor. Full Name Title Company Business Address City State Zip Business Phone Email I would like my professional advisor to be a Fund Representative. Fund Representatives can facilitate fund activity on behalf of Donor Advisor(s) and can view account details. Donor Advisor(s) and Fund Representatives must complete an Authorization Form before the Fund Representative will be permitted access to Fund information. 12 Ownership and Control of the Fund The undersigned understand that although CFU seeks to honor donor intent to the extent allowed by law and its own charitable purposes, the Fund shall be the exclusive property of CFU, held by CFU in its corporate capacity, and shall not be deemed a trust fund held by it in a trustee capacity. As such, CFU shall have the ultimate authority and exclusive legal control of all assets in the fund, including any income derived from it, and complete discretion to make grants out of the Fund to carry out its charitable purposes. CFU reserves the right to take any actions at any time which, in its sole discretion, it deems reasonably necessary or desirable for the proper administration of the Fund. The undersigned further understand that the Fund shall be a component part of CFU and that nothing in this Agreement shall affect CFU’s status as a public charity under § 509(a)(1), (2), or (3) of the Internal Revenue Code. This Agreement shall be interpreted in a manner consistent with this intention and so as to conform to the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of CFU and of the Fund as a component part of CFU. Moreover, the undersigned understand that the Fund will be subject to the provisio...
Succession Plan. The Parent shall at all times have and keep in effect a succession plan for its principal officers which has been approved by its board of directors (the “Succession Plan”) and shall furnish to each Significant Holder upon request from time to time a copy of the same, provided that such plan shall be kept confidential by each such Significant Holder.
Succession Plan. Provide a succession plan for temporary (up to six consecutive weeks) and permanent (beyond six consecutive weeks) replacement of key personnel, e.g. due to disciplinary action, sick leave, family emergency, vacation, jury duty, resignation, etc. Discuss how personnel shortfalls will be addressed. Discuss effectiveness of methods and procedures used to recruit and retain qualified key personnel and managers on similar type contracts.
Succession Plan. It is the Donors’ wishes that the last remaining advisor to the Fund appoint Successor Advisors and such Successor Advisors shall have the right to name additional Alternate or Successor Advisors to the Fund. The Donors recommend that the initial Successor Advisor be . Distributions shall be suspended during any period when there is not at least one Advisor who is not a minor. The Foundation is not responsible for locating or keeping track of the whereabouts of named Successor Advisors.
Succession Plan. You may request that portions of your fund be administered in any or all of the following ways upon the death or incapacity of the fund’s last surviving donor advisor. Total of percentages should equal 100. • Transfer advisory privileges of this fund to successor advisor(s) as listed later in this agreement. % of fund value • Create a designated fund for the benefit of the organization(s) named below ($50,000 minimum required). % of fund value Organization: % Organization: % Organization: % • Transfer the fund’s assets to the Community Foundation’s unrestricted operating fund % of fund value • Transfer the fund’s assets to the Community Foundation’s unrestricted fund to help meet the greatest needs of the Greater Atlanta area. The unrestricted fund is the Community Foundation’s competitive grant-making fund. % of fund value Successor Advisors Donors may designate individuals as successor advisor(s), who have privileges to make recommendations appropriate for the fund. A donor advisor may change this designation at any time by completing the Succession Plan Agreement available from the Foundation. Successor Advisor Information Successor advisor(s) have privileges to make recommendations appropriate for the fund. All fund correspondence will be sent to successor advisor 1, unless otherwise specified. If more than two advisors are desired, please attach additional information to this form. Furthermore, it is the responsibility of the designated successor advisor(s) to contact the Foundation at such time as he/she/they become donor advisor(s) to the fund. Successor Advisor 1 Full name (First, Middle, Last) Nickname Preferred salutation (e.g. Xx. Xxxxx X. Smith or Xxx Xxxxx) Home address Send mailings to: • HomeDate of birth City State Zip • • • Office Add to mailing list for: Invite to events Send statement copies Business or organization name Position Business address City State Zip Home phone Mobile phone Business phone E-Mail (Preferred) Relationship with Donor Advisor Successor Advisor 2 Full Name (First, Middle, Last) Nickname Preferred salutation (e.g. Xx. Xxxxx X. Smith or Xxx Xxxxx) Home address Send mailings to: • HomeDate of birth City State Zip • • • Office Add to mailing list for: Invite to events Send statement copies Business or organization name Position Business address City State Zip Home phone Mobile phone Business phone E-Mail (Preferred) Relationship with Donor Advisor • I/We, as the donor(s), request that the successor advisor(s) named ass...
Succession Plan. Upon Generac’s receipt and approval of a Distributor Succession Plan, Generac’s consent for transfer of Distributorship shall automatically be given as long as Distributor follows the approved Succession Plan. Generac’s approval for Distributor Succession Plan shall be given in Generac’s sole discretion.
