Transfer of Officers Sample Clauses

Transfer of Officers. The Company may transfer an Officer to any of its vessels provided that the vessel is covered by this agreement and provided that the transfer shall not result to demotion in rank or diminution of pay and benefits and that there will be no interruption of time for calculating leave benefits or increase in term of service.
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Transfer of Officers. 12.1 Officers when required by the Company when on tour of duty to transfer from one ship to another will be paid for actual time lost, and will be allowed reasonable travelling expenses in accordance with Company Policy.
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Transfer of Officers between Departments within the Head Office or a Branch and transfers between the Head Office and Branches of the Bank within the same city or town, may be made by the Bank at any time at its sole discretion.
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Transfer of Officers. ‌ 15.1 Officers when required by the Company to transfer from one ship to another, will be paid for actual time lost, not to exceed the necessary reasonable time required to make connections from ship to ship, according to rank of the position to which they are being transferred, and will be allowed actual reasonable travelling expenses. 15.2 The provisions of Article 15.1 do not apply in the case of an officer being relieved for days off or for a relieving officer proceeding to or from a terminal port, except for a regularly assigned officer when the assignment to which the officer is ordered involves neither the vessel nor the terminal port to which he would be required to report in following his regular assignment.
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Related to Transfer of Officers

  • Removal of Officers Any officer or agent may be removed by the Board of Managers at any time, with or without cause. Such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.

  • Election of Officers After their election the Managers shall meet and organize by electing a President from their own number, a Secretary and a Treasurer, and any other officers determined to be necessary by the Board, who may, but need not, be Managers. Any two or more of such offices, except those of President and Secretary, may be held by the same person.

  • Certificate of Officers Parent and Acquisition Corp. shall have delivered to the Company a certificate dated the Closing Date, executed on their behalf by their respective Presidents, certifying the satisfaction of the conditions specified in paragraphs (a), (b), and (c) of this Section 8.2.

  • Duties of Officers Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law of the State of Delaware.

  • Appointment of Officers The Board shall appoint the officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section 5.3 of these bylaws.

  • Removal and Resignation of Officers Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

  • Compensation of Officers The officers of the Corporation shall be entitled to receive such compensation for their services as shall from time to time be determined by the Board of Directors.

  • Resignation of Officers and Directors Parent shall have received a written resignation from each of the officers and directors of the Company effective as of the Effective Time.

  • Authority of Officers The officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Manager or the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company’s business and the actions of the officers taken in accordance with such powers shall bind the Company.

  • Duties of Officers Generally The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.

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