Function, Duties and responsibilities Sample Clauses

Function, Duties and responsibilities. The State of the Operator1 assumes, concerning the aircraft, all the responsibilities otherwise falling on the State of Registry as far as defined in the Convention of Chicago Article 12 (Rules of the Air) and its Annex 6 and 8, and Commission Regulations (EU) No 965/2012 and No 1321/2014. This includes the issuance of exemptions from these applicable regulations. In the case of exemptions the State of Registry has to be notified. For the sake of clarity, the responsibility of the ▇▇▇ (Minimum Equipment List) of the aircraft is included in the responsibilities transferred to State of the Operator.

Function, Duties and responsibilities. Neither the Trust Board nor any member shall be liable for any duties or obligations except for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants or obligations shall be read into this Litigation Trust Agreement. The Trust Board shall have the following functions, duties and responsibilities: (a) It shall meet with the Trustee upon such regular basis as the Trust Board and the Trustee deem appropriate, but in no event less frequently than quarterly (except as may be unanimously determined otherwise by the Trust Board and Trustee); and (b) It shall consult with the Trustee regarding the carrying out of his duties, and may specify tasks and duties to be taken by the Trustee in furtherance of the administration of the Litigation Trust and consistent with the terms of the Plan and this Litigation Trust Agreement, including (but not limited to) with respect to: (i) administration of the Litigation Trust Assets; LITIGATION TRUST AGREEMENT - 18 - (ii) status of the Causes of Action; and

Function, Duties and responsibilities. Neither the Trust Board nor any member shall be liable for any duties or obligations except for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants or obligations shall be read into this Position Holder Trust. The Trust Board shall have the following function, duties and responsibilities: (a) It shall meet with the Trustee upon such regular basis as the Trust Board and the Trustee deem appropriate, but in no event less frequently than monthly (except as may be unanimously determined otherwise by the Trust Board and Trustee); and (b) It shall consult with the Trustee regarding the carrying out of his or her duties, and may specify tasks and duties to be taken by the Trustee in furtherance of the administration of the Position Holder Trust and consistent with the terms of the Plan and this Position Holder Trust Agreement, including (but not limited to) with respect to: (i) Administration of the Trust Estate; and (ii) Distributions to Position Holder Trust Beneficiaries. (c) In addition, the Trustee shall be required to obtain the consent of a majority of the Trust Board’s members before taking, or refraining from taking, action with regard to certain matters (each a “Major Decision”) as follows: (i) Approval of the Trustee’s proposed monthly plan and budget, which shall be submitted by the Trustee reasonably in advance of the meeting at which it will be considered, and which shall be prepared in accordance with Section 7. 9(d) below. (ii) Any proposed disposition of Position Holder Trust Assets involving monetary sums exceeding $250,000. (iii) Any proposed distribution to Position Holder Trust Beneficiaries on account of their interests; provided, however, that all of the Distributable Cash generated by the Position Holder Trust Assets during each calendar year shall be distributed to the Position Holder Trust Beneficiaries as required by Section 3.3 hereof. (iv) Any proposed agreement (excluding any document in connection with the Plan) involving a Trust commitment or obligation exceeding or reasonably expected to exceed $250,000. (v) Any proposal to amend the Trust Agreement, the Plan, the Servicing Agreement or the Confirmation Order. (vi) Any promissory note to be issued by the Position Holder Trust for borrowing an amount in excess of $100,000; provided however, that this shall not apply to any promissory note or other evidence of indebtedness to be issued pursuant to authority granted under the ...

Function, Duties and responsibilities. The Company hereby employs and appoints the Employee as Head of Engineering of the Weight-Watchers group (WW Group), which includes, WW International, Inc. (WWI). At this time the Employee has been designated as the successor for the role of Chief Technology Officer and will assume the role when it becomes vacant. At which time, the Employee’s compensation and remuneration will remain the same as listed below. In addition, the Employee acknowledges that he may be requested to join the board of directors of one or more companies of the WW Group which comprises the Company and its majority owned subsidiaries. Any such appointment shall be without additional remuneration and shall be included in the salary pursuant to Article 5.1 of this Employment Agreement. The Employee's duties and responsibilities are those set forth in the employment in the applicable Regulations of the board of directors as periodically amended and the directives periodically issued by the Company and/or by WWI. The Employee's responsibilities shall further be those commonly associated with the Employee's position and those duties periodically assigned to the Employee by the Company and/of by WWI. WWI reserves its right to move this Employment Agreement to an affiliate of WWI in or outside of Switzerland.