Appointment and Term of Managers Sample Clauses

Appointment and Term of Managers. So long as REI or its Affiliate is a Member, REI shall have the right to designate THREE (3) Managers to serve on the Board; so long as HCM or its Affiliate is a Member HCM shall be entitled to appoint ONE (1) person to the Board of Managers; and so long as NGA or its Affiliate is a Member, NGA shall be entitled to appoint ONE (1) person to the Board of Managers. The Members shall designate the respective Managers each year at the annual meeting and each Manager shall hold office until the expiration of the term for which such Manager has been designated and until his successor has been designated, except in the case of death, removal or resignation. Notwithstanding any other provision of this Operating Agreement, (i) the right NGA to designate a Manager cannot be changed or amended without the express written consent of NGA; (ii) the right of HCM to designate a Manager cannot be changed or amended without the express written consent of HCM; and (iii) the right of REI to designate THREE (3) Managers cannot be changed or amended without the express written consent of REI.
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Appointment and Term of Managers. The Board shall consist of four Managers. FGI and PIH shall each have the right to appoint two of the four Managers (the “Managers”). The Board shall from time to time by majority vote elect one or more Chairmen of the Board (each, a “Chairman of the Board”) who shall preside at all meetings of the Board and shall have such other powers and duties as may be delegated to him or her by the Board. Each Manager shall hold office from the time of his, her or its appointment until his, her or its resignation or removal. Any Member appointing a Manager may at any time with or without cause remove any Manager appointed by it and may appoint a successor Manager by written notice to the other Member. Any Manager may resign at any time upon written notice to the Company. Any such resignation shall take effect at the time specified therein or, if the time be not specified, upon receipt thereof, and the acceptance of such resignation, unless required by the terms thereof, shall not be necessary to make such resignation effective. Managers may receive compensation for services to the Company in their capacities as Managers or otherwise in such manner and in such amounts as may be fixed from time to time by the unanimous approval of the Members. Managers shall be reimbursed by the Company for any reasonable out-of-pocket expenses incurred in connection with attending any meeting of the Board.
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Appointment and Term of Managers. The Management Committee shall be comprised of seven members. Four members shall be appointed by West Coast MediaNews, two members shall be appointed by Donrey and one member shall be appointed jointly by Sun, California Newspapers, MWSB and MWCNI. The managers shall act solely as the agents of the Partners appointing them. Each manager shall serve at the pleasure of the Partner appointing him and until his successor has been duly appointed, or until his resignation or removal. In addition, the Chief Executive Officer of the Partnership, as named pursuant to Section 8.8(a), shall be entitled to attend all meetings and participate in all discussions of the Management Committee except as to matters regarding the Chief Executive Officer or as otherwise determined by the Management Committee. Each Partner shall also be entitled to designate one non-voting observer to attend and participate in all meetings of the Management Committee.
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Appointment and Term of Managers. Initially, the Company shall have one (1) Manager, who shall be Xxxxxx Xxxxx. Within ninety (90) days after the Company first issues Preferred Units, the Company shall have three (3) Managers appointed in accordance with this Section 6.1(b). The name of each Manager shall be as set forth on Schedule 6.1(b). Unless a Manager resigns, dies or is removed, each Manager shall hold office for one year. A Manager does not need to be a Member. If the Manager is also a Member, any such removal shall not affect the Manager’s rights as a Member or constitute his, her or its withdrawal as a Member. Within ninety (90) days after the Company first issues Preferred Units, (i) the Preferred Unit Holders shall, by majority vote of the Preferred Units then outstanding, appoint one (1) Manager to the Board; (ii) the Common Unit Holders shall, by majority vote of the Common Units then outstanding, appoint one (1) Manager to the Board; and (iii) a third Manager shall be appointed by a majority of the Preferred Units and a majority of the Common Units, voting separately. Additional Managers, up to a maximum of seven (7), may be appointed by a majority of the then serving Managers, including the Manager appointed by the Common Unit Holders and the Manager appointed by the Preferred Units Holders, to serve until the next Annual Meeting at which time any such additional Managers shall be appointed by the affirmative vote or written consent of a majority of the Preferred Units and a majority of the Common Units, voting separately. Any vacancy on the Board of Managers occurring for any reason may be filled by majority vote of the Units of the class or classes originally entitled to appoint the Manager whose vacancy is being filled.
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Related to Appointment and Term of Managers

  • Appointment and Term The Members will be entitled to appoint from time to time persons to serve as the managers (each, a "Manager") on the Board of Managers. Managers will serve until their respective successors are appointed by the Members, as provided under Section 4.11 herein, or until their earlier death, disability, resignation, retirement or removal, pursuant to Section 4.10 herein. Each Manager is hereby designated as a "manager" of the Company within the meaning of Section 18-101(10) of the Act.

  • Appointment and Term of Office The Officers shall be appointed by the Board of Directors at such time and for such term as the Board of Directors shall determine. Any Officer may be removed, with or without cause, only by the Board of Directors. Vacancies in any office may be filled only by the Board of Directors.

  • Appointment of Managers With effect from the day and year stated in Box 4 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

  • Appointment of Manager Owner hereby engages and retains Manager as the manager and as tenant coordinating agent of the Properties, and Manager hereby accepts such appointment on the terms and conditions hereinafter set forth; it being understood that this Management Agreement shall cause Manager to be, at law, Owner’s agent upon the terms contained herein.

  • Appointment, Term, and Termination a. Client hereby engages and retains Dalmore to provide operations and compliance services at Client’s discretion.

  • Appointment of Directors Immediately upon the Effective Time, Parent shall, in accordance with Section 2.3(d), accept the resignations and cause the appointments of those officers and directors of Parent identified in Exhibit C hereto, subject to any notice and waiting period requirements of federal law. At the first annual meeting of Parent’s stockholders and thereafter, the election of members of Parent’s Board of Directors shall be accomplished in accordance with the by-laws of Parent.

  • Appointment of Administrators (a) The Administrators shall be appointed by the Holder of the Common Securities and may be removed by the Holder of the Common Securities or may resign at any time. Upon any resignation or removal, the Holder of the Common Securities shall appoint a successor Administrator. Each Administrator shall execute this Trust Agreement thereby agreeing to comply with, and be legally bound by, all of the terms, conditions and provisions of this Trust Agreement. If at any time there is no Administrator, the Property Trustee or any Holder who has been a Holder of Trust Securities for at least six months may petition any court of competent jurisdiction for the appointment of one or more Administrators.

  • Appointment of Director The Company, subject to the requisite prior-approval of the Board of Directors, hereby:

  • Appointment of the Advisor The Advisor is hereby appointed and employed as investment advisor to the Trustee to assist the Trustee in its management of such assets of the Fund as are held in the Subaccount from time to time. The Advisor shall provide investment advice and recommendations and shall render certain other related services to or on behalf of the Trustee, all in accordance with the terms and conditions of this Agreement.

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