AVP Designation Sample Clauses

The AVP Designation clause defines the process by which an Assistant Vice President (AVP) is formally appointed or recognized within an organization or under a contract. Typically, this clause outlines the authority responsible for making the designation, the criteria or qualifications required, and the scope of the AVP's responsibilities. For example, it may specify that the AVP must be named in writing by a senior executive or that the designation is effective upon notice to relevant parties. The core function of this clause is to ensure clarity and consistency in the appointment of AVPs, thereby preventing disputes over authority and responsibility within the organization or contractual relationship.
AVP Designation. The Participant hereby designates AVP to operate one or more Participant VOW(s) on behalf of a Participant, subject to the Participant’s supervision and accountability and subject to all terms and conditions of the Co-Brokerage and VOW Agreements.