Common use of Employment of Administrator Clause in Contracts

Employment of Administrator. The Company hereby employs the Administrator to act as administrator, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company, with respect to services provided to the Company (the “Services”) for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period to render, or arrange for the rendering of, such Services to the Company and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company; provided, however, that the Administrator may enter into agreements as an agent of the Company in furtherance of its responsibilities under this Agreement.

Employment of Administrator. The Company hereby employs the Administrator to act as administratoradministrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described belowherein, subject to review by and the overall control of the Board of Directors of the Company, with respect to services provided to the Company (the “ServicesBoard”) ), for the period and on upon the terms and conditions herein set forth in this Agreementforth. The Administrator hereby accepts such employment employment, and agrees during such period the term hereof to render, or arrange for the rendering of, such Services to the Company services described herein, and to assume the obligations herein set forth forth, subject to the reimbursement of costs and expenses provided for belowherein. The Administrator and such others shall shall, for all purposes herein provided, be deemed to be independent contractors and shalland, unless otherwise except as expressly provided or authorized herein, shall have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company; provided, however, that the Administrator may enter into agreements as an agent of the Company in furtherance of its responsibilities under this Agreement.