Delegation of Authority to Officers. The Member may designate one or more Persons as officers of the Company. The officers shall have the authority to act for and bind the Company to the extent of the authority granted to them in resolutions adopted by the Member on behalf of the Company. The officers of the Company may include a president, vice presidents, a secretary, a treasurer, and such other officers as the Member deems appropriate. The officers of the Company will be entitled to such compensation for their services as the Member may determine from time to time.
Delegation of Authority to Officers. The Board shall have the authority to adopt resolutions providing for delegations of authority to the Officers of the Company.
Delegation of Authority to Officers. The delegation of authority set forth in this Schedule 3(b) applies to the Partnership and each of its subsidiaries, including all their operating units and divisions. For this purpose, subsidiaries shall mean each legal entity controlled directly or indirectly by the Partnership through ownership, by contract, or otherwise. All actions taken by any officer in accordance with this Schedule 3(b) and the terms of this Agreement shall constitute actions of the Partnership.
Delegation of Authority to Officers. Subject to the approval of the Members, the Manager may designate one or more Persons, including its Affiliates, as officers of the Company. The officers shall have the authority to act for and bind the Company, to the extent of the authority granted to them by the Members. The officers of the Company may include a chairman, chief executive officer, president, vice presidents, a secretary and such other officers as the Manager deems appropriate in the exercise of its discretion. The officers of the Company will not be entitled to compensation for their services except in accordance with an Approved Budget.
Delegation of Authority to Officers. The Board of Managers may delegate such general or specific authority to the officers of the Company as it may from time to time consider desirable, and the officers of the Company may, subject to any restraints or limitations imposed by the Board of Managers, exercise any authority granted to them.
Delegation of Authority to Officers. To the extent that the Board determines that it is reasonably necessary for the orderly and timely administration of the business and affairs of the LLC, it may from time to time delegate a portion of its power and authority to one or more Persons who may, but need not, be Members by written resolution of the Board, which resolution shall specify the nature, extent and duration of the Board’s delegation and identify the Person or Persons, by name or by title or by position to whom such power and authority is delegated. The Board shall also have the authority to determine the titles of Persons who perform services for the LLC and to require the use of such titles when such Persons identify themselves to others as associated with the LLC, which titles may include president, chairman, chief executive officer, director, manager, vice president, treasurer or such other titles as the Board may determine, and to remove any such Person at any time for any reason. Xxxxxx Xxxxx is the LLC’s current Chief Executive Officer.
Delegation of Authority to Officers. (a) The Management Committee may, with Unanimous Management Committee Approval, appoint such officers of the Company as the Management Committee may deem necessary or advisable (collectively, the “Officers”), and such Officers shall have the power, authority and duties delegated herein or otherwise by resolution of the Management Committee. Officers may be given titles or may be designated as “authorized persons.” Subject to the first sentence of this Section 8.09(a), to the extent authorized by the Management Committee, any Officer may have responsibility for the management of the normal and customary day-to-day operations of the Company, provided that any delegation of authority to an Officer to take any action must be approved in the same manner as would be required for the Management Committee to approve such action directly. The Officers of the Company as of the date hereof are set forth on Exhibit C hereto. The Officers of the Company are required to promptly notify the Management Committee of any material occurrences or incidents relating to the Business. Notwithstanding anything to the contrary in this Agreement, the Management Committee may, in its sole discretion, remove any Officer with or without cause at any time.
(b) Officers of the Company shall not be entitled to any fees for serving in such capacity. Each Member shall be responsible for all out-of-pocket costs and expenses incurred by its or its Affiliates’ employees that are Officers of the Company in their capacity as Officers. The Company shall not hire, nor shall it be permitted to have, any employees.
(c) No Member shall be liable to the Company or the other Member for any action taken or not taken by an employee of such Member that is taken in such employee’s capacity as an Officer of the Company.
(d) None of the Officers of the Company shall be “managers” of the Company under Section 18-401 of the Act.
(e) The Company shall not hire or be permitted to have, any employees, except as approved by Unanimous Management Committee Approval.
Delegation of Authority to Officers. The Board may delegate power and authority to one or more Officers of the LLC by written resolution of the Board, which resolution shall specify the nature, extent and duration of the Board’s delegation and identify the Officers by title or by position to whom such power and authority is delegated. The Board may remove an Officer at any time and from time to time (with or without cause) and replace such Officer with a successor. An Officer may resign at any time upon notice to the Board.
Delegation of Authority to Officers. In addition to the powers and duties of the Officers set forth below, the Board may delegate additional power and authority to one or more Officers by written resolution of the Board, which resolution shall specify the nature, extent and duration of the Board’s delegation and identify the Officers by title or by position to whom such power and authority is delegated.
Delegation of Authority to Officers. The Managers shall elect one or more individuals to hold the offices set forth below, which individuals when elected shall have and exercise delegated authority of the Board as set forth below (no officer shall be deemed a "manager" (within the meaning of the Act) of the LLC unless such person also serves as a Manager):
