Examples of Initial Officers in a sentence
Successors to the Initial Officers, and such other executive officers as may be necessary to conduct the business of the Company, shall be chosen by the Managing Member, subject to the approval of the Board if required pursuant to Section 6.3 hereof.
While the Reorganized Debtor's Initial Board of Directors and Initial Officers have proven track records in connection with start-up entities and various types of business acquisitions, the Reorganized Debtor is a new business.
Each officer of the Company (including the Initial Officers) shall serve until his successor is appointed, or his earlier death, disability, resignation or removal.
The Initial Officers shall not be removed and the power and authority of such Initial Officers shall not be altered or diminished except with the unanimous written consent of the Members or as provided in the Consulting Agreement.
The principal objective of the Programmatic Approach is to improve the reliability, sustainability and affordability of the Borrower’s energy sector to support the economic growth of the Borrower.
The names and titles of the initial Officers are set forth on the Schedule of Initial Officers.
The Initial Officers shall be entitled to receive such compensation as is set forth on Schedule 6.5 and shall each enter into a consulting agreement in the form attached hereto as Exhibit C (the “Consulting Agreement”).
The initial chief operating officer and deputy chief operating officer are listed on Schedule 6.2(a) (the "Initial Officers").
Each of the Company’s officers and directors (other than such individuals who are designated as Initial Officers and Directors or the Company’s Designees) shall have executed and delivered a letter of resignation effective as of the Effective Time.
We are committed to continuing training for relevant officers and elected members and intend to take a more targeted approach as we move forward, recognising the scale of organisational change that has taken place as a consequence of successive voluntary redundancy programmes.