Examples of Approval of the Management Committee in a sentence
Upon Approval of the Management Committee, offices may be established or eliminated from time to time, at any time, during the term of the Company.
Subject to the rights, if any, of an officer under a contract of employment, any officer may be removed as an officer, either with or without cause, upon Approval of the Management Committee at any time.
A vacancy in any office because of death, resignation, removal, disqualification or any other cause shall be filled by Approval of the Management Committee.
The salary and other compensation of each officer shall be fixed by, and any employment agreement between such officer and the Company shall be entered into upon, Approval of the Management Committee.
One or more natural persons shall be appointed to each such office, from time to time, by Approval of the Management Committee.
Each officer shall be appointed by, shall serve during and shall be removed upon Approval of the Management Committee, subject to all rights, if any, of an officer under any contract of employment.
Upon Approval of the Management Committee (as defined in Section 2.2) at any time during the term of the Company, the Company may issue a certificate evidencing each Member Interest in the Company then outstanding, in accordance with Section 18-702(c) of the DLLCA.
Upon Approval of the Members (as defined in Section 2.2) and Approval of the Management Committee, the Company may redeem any Member’s Member Interest or any part thereof for the fair value thereof; and upon such redemption, such Member Interest or the redeemed part thereof shall be deemed canceled in accordance with Section 18-702(e) of the DLLCA.
The Members acknowledge that this Section 2.2 provides the sole method of determining the Approval of the Members and the Approval of the Management Committee; and the Members, to the extent permitted under the Act, hereby waive any right to contest or adjudicate such determination under Section 18-110(b) of the DLLCA.
Except as provided below, and subject to Section 3.4, each Management Committee Representative shall be entitled to cast one vote with respect to any matter requiring Approval of the Management Committee.