Common use of AUTHORITY TO BIND THE CORPORATION Clause in Contracts

AUTHORITY TO BIND THE CORPORATION. Executive shall have authority to enter into contracts binding upon the Corporation and to create any obligations on the part of the Corporation in the normal course of business and as would be expected of an Executive of a similar Corporation. Notwithstanding the foregoing, Executive shall not have the authority to enter into contracts binding the Corporation, without prior approval with the Board of Directors, for purchases of transactions equal to or exceeding ($500,000) Five Hundred Thousand Dollars.

AUTHORITY TO BIND THE CORPORATION. Executive shall have authority to enter into contracts binding upon the Corporation and to create any obligations on the part of the Corporation in the normal course of business and as would be expected of an Executive of a similar Corporation. Notwithstanding the foregoing, Executive shall not have the authority to enter into contracts binding the Corporation, without prior approval with the Board of Directors, for purchases of transactions equal to or exceeding ($500,00010,000) Five Hundred Ten Thousand Dollars.

AUTHORITY TO BIND THE CORPORATION. Executive shall have authority to enter into contracts binding upon the Corporation and to create any obligations on the part of the Corporation in the normal course of business and as would be expected of an Executive a chairman of a similar Corporationcorporation. Notwithstanding the foregoing, Executive shall not shall, have the authority to enter into contracts binding the Corporation, without prior approval with the Board of Directors, for purchases or transactions in the ordinary course of transactions equal to or exceeding ($500,000) Five Hundred Thousand Dollarsbusiness.

AUTHORITY TO BIND THE CORPORATION. Executive shall have authority to enter into contracts binding upon the Corporation and to create any obligations on the part of the Corporation in the normal course of business and as would be expected of an Executive of a similar Corporationcorporation. Notwithstanding the foregoing, Executive shall not have the authority to enter into contracts binding the Corporation, without prior approval with the Board of DirectorsChairman, for purchases of or transactions equal to or exceeding ($500,000) Five Hundred Thousand Dollars.

AUTHORITY TO BIND THE CORPORATION. Executive shall have authority to enter into contracts binding upon the Corporation and to create any obligations on the part of the Corporation in the normal course of business and as would be expected of an Executive a chairman of a similar Corporationcorporation. Notwithstanding the foregoing, Executive shall not shall, have the authority to enter into contracts binding the Corporation, without prior approval with the Board of Directors, for purchases or transactions in the ordinary course of transactions equal to business; provided however, that any contract, agreement or exceeding (transaction having a value of greater than $500,000) Five Hundred Thousand Dollars100,000 must also have the approval of the Chairman.