Authority and Duties. All officers, as between themselves and the Corporation, shall have such authority and perform such duties in the management of the Corporation as may be provided in these By-laws or, to the extent so provided, by the Board.
Authority and Duties of Interim Eligible Lender Trustee -------------------------------------------------------
Authority and Duties. In addition to the foregoing authority and duties, all officers of the Corporation shall respectively have such authority and perform such duties in the management of the business of the Corporation as may be designated from time to time by the Board of Directors. Unless prohibited by a resolution approved by the affirmative vote of a majority of the directors present, an officer elected or appointed by the Board may, without the approval of the Board, delegate some or all of the duties and powers of an office to other persons.
Authority and Duties. All officers and agents of the Company shall have such authority and perform such duties in the management of the property and affairs of the Company as generally pertain to their respective offices, as well as such authority and duties as may be determined by the Managers.
Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are reasonably associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of the Company and ___________, respectively. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the President of the Company. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of the Company. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly held corporations not to exceed 1% of the outstanding voting stock) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, serve on the boards of directors of other corporations.
Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the Chief Executive Officer of Enfinity. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, serve on the boards of directors of other corporations.
Authority and Duties. (a) Licensee will perform or cause to be performed all duties required or desirable in the management and operation of the Beverage Operations to maintain the Beverage Operations in compliance with the laws and regulations of the jurisdiction that issues the License. Licensee’s duties shall include, but not be limited to, the supervision of, and arrangement for, the employment of a sufficient number of adequately trained staff. Licensee shall also make all purchases necessary for the continued Beverage Operations.
(b) During the Term, Licensee shall supervise all Beverage Operations activities until such time as the New License is issued to Lessee or its designee.
(c) The Beverage Operations shall be operated according to Licensee’s customary standards and practices and in a lawful manner in compliance with all laws and regulations of the jurisdiction that issues the License. Final decisions regarding: (i) permitted activities, (ii) methods of operation, and (iii) all issues or matters relating to compliance with laws and regulations, shall be made by Licensee in its sole, but reasonable, discretion.
Authority and Duties. In addition to the foregoing authority and duties, all managers of the Company shall respectively have such authority and perform such duties in the management of the business of the Company as may be designated from time to time by the Board of Governors or in this Agreement. Unless prohibited by a resolution approved by the affirmative vote of a majority of the governors present, a manager elected or appointed by the Board may, without the approval of the board, delegate some or all of the duties and powers of a position to the Company’s employees, accountants, and legal counsel.
Authority and Duties. (a) Principal Underwriter will serve as an underwriter and distributor on an agency basis for the Contracts which will be issued by the Company through the Separate Account.
(b) Principal Underwriter will use its best efforts to provide information and marketing assistance to licensed insurance agents and broker-dealers on a continuing basis. However, Principal Underwriter shall be responsible for compliance with the requirements of state broker-dealer regulations and the Exchange Act as each applies to Principal Underwriter in connection with its duties as distributor of said Contracts. Moreover, Principal Underwriter shall conduct its affairs in accordance and compliance with the NASD Conduct Rules.
(c) Subject to agreement with the Company, Principal Underwriter may enter into selling agreements with broker-dealers which are registered under the Exchange Act and/or authorized by applicable law or exemptions to sell variable annuity contracts issued by Company through the Separate Account. Any such contractual arrangement is expressly made subject to this Agreement, and Principal Underwriter will at all times be responsible to Company for supervision of compliance with the federal securities laws regarding distribution of Contracts.
Authority and Duties. The Executive shall exercise such -------------------- authority, perform such executive duties and functions and discharge such responsibilities as are reasonably associated with the Executive's positions, commensurate with the authority vested in the Executive pursuant to this Agreement and consistent with the By-Laws of the Company. During the Employment Period, the Executive shall devote full business time, skill and efforts to the business of the Company. Notwithstanding the foregoing, the Executive may (i) make and manage personal business investments of his choice and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board of Directors of the Company (the "Board"), provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, serve on the boards of directors of other corporations.
