Common use of Designation of Officers and Senior Managers Clause in Contracts

Designation of Officers and Senior Managers. (a) The Governance Board will elect or appoint (i) the officers of the Company listed in Schedule 8.2 and (ii) such other officers as may be designated by the Governance Board in accordance with Section 6.4 (“Officers”). The Officers will be responsible for the day to day operations of the Company, subject to the overall direction and control of the Governance Board. An Officer of the Company shall not be considered to be an employee of the Company solely by reason of holding such office.