Executive Members Clause Samples
The 'Executive Members' clause defines who qualifies as executive members within an organization or agreement, outlining their roles, rights, and responsibilities. Typically, this clause specifies the criteria for becoming an executive member, such as holding certain offices or being elected by a board, and may detail their authority in decision-making processes or access to confidential information. Its core practical function is to clearly establish the governance structure by identifying key individuals with executive powers, thereby ensuring clarity and accountability in organizational leadership.
Executive Members being Full Members benefitting from certain additional rights as set out in Clause 8 below; and
Executive Members. An Executive Member is an Industry Member that contributes at least Two Hundred Thousand dollars (US$200,000) in cash during a Participation Period. An Executive Member is eligible for an option to negotiate a royalty free, non-exclusive license in exchange for reimbursement of a pro-rata share of patent costs. The pro-rata share paid by Executive Members will be determined by dividing amount of patent costs to be paid by the number of BAPVC IP licensees at the time the patent costs are incurred.
Executive Members. (a) The first Executive Members shall be ▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ and any other person nominated by them in writing to serve as an Executive Member, for such duration and on such terms as are agreed between the parties from time to time.
(b) The Executive Members shall be entitled to attend and vote at any meeting of the Association.
Executive Members. GH&A and ENN shall each be entitled to select individuals active in the management of the Company to receive Membership Units representing an ownership interest in the Company of up to 10% in the aggregate (collectively, the "Executive Members"); 5% of which shall be made available to those individuals selected by GH&A, and 5% of which shall be made available to those individuals selected by ENN. The initial Executive Members are identified in the attached Exhibit A.