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In accordance with a resolution of the Council made on\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026. THE COMMON SEAL of the Macedon Ranges Shire Council was hereunto affixed on this \u2026\u2026\u2026\u2026\u2026..day of in the presence of - Councillor : ......................................................................... 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The chief executive officer may sign, with the secretary or any other proper officer of the Company thereunto authorized by the Managers, deeds, mortgages, bonds, contracts, and other obligations in the name of the Company, which the Managers have authorized to be executed, except in cases where the signing and execution thereof shall be expressly delegated by the Managers or by this Agreement to some other officer or agent of the Company, or shall be required by law to be otherwise signed and executed; and in general shall perform all duties incident to the office of chief executive officer and such other duties as may be prescribed by the Managers from time to time.", "size": 27, "samples": [{"hash": "5i1zfqJmk5C", "uri": "/contracts/5i1zfqJmk5C#chief-executive-officer", "label": "Limited Liability Company Agreement (Forbes Energy International, LLC)", "score": 22.697467804, "published": true}, {"hash": "jrJ3Pmu7k1E", "uri": "/contracts/jrJ3Pmu7k1E#chief-executive-officer", "label": 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most common pitfalls or ambiguities in CEO appointment and removal provisions?", "How do CEO clauses in this jurisdiction compare to those in other major markets?", "What factors most influence a court\u2019s interpretation of CEO authority and fiduciary duties?"], "drafting_tip": "Specify the CEO\u2019s authority and duties to prevent role confusion; define appointment and removal procedures to ensure governance clarity; outline reporting obligations to promote accountability.", "explanation": "The 'Chief Executive Officer' clause defines the role, authority, and responsibilities of the company's highest-ranking executive. Typically, this clause outlines the CEO's powers to manage daily operations, make executive decisions, and represent the company in legal or contractual matters. For example, it may specify the CEO's authority to sign agreements or hire senior staff. The core function of this clause is to clearly establish the scope of the CEO's leadership and decision-making powers, ensuring organizational clarity and effective governance."}, "json": true, "cursor": ""}}