Board Control Sample Clauses
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Board Control. Exercise ultimate control over the assets and operation of the Hospital, except that Manager (as provided in Section 1.1) shall act as Owner's agent for the management of the Hospital, and shall have the authority to supervise and manage its day-to-day operations in accordance with the policy directives, rules and regulations adopted by the Board and as otherwise expressly set forth herein. Notwithstanding the foregoing, Owner shall at all times during the term of this Agreement have full and unrestricted access to the Hospital, including all of its facilities, Personnel, accounts, books and records, contracts and otherwise, as the owner and operator of the Hospital; and
Board Control. Subject to Article 3, shares in the Company's capital shall be issued subject to a resolution of the Board.
Board Control. The parties hereby agree that the Board shall have control over (i) the hiring of the second most senior executive officer of the Corporation, (ii) the loss reserving policy of the Corporation and (iii) the investment policy of the Corporation. Additionally, the Board shall be required to approve (i) the Corporation's annual budget and (ii) the Corporation's significant capital expenditures and acquisitions.
Board Control. HRMX and the Majority Shareholders of HRMX shall effect the resignations of all of then current directors of HRMX prior to the Closing Date and the ADT Shareholders shall have effected a change of control over HRMX with the appointment of all of the new directors.