Industry Advisory Board Sample Clauses
The Industry Advisory Board clause establishes a formal group of industry representatives who provide guidance, feedback, or oversight to a project, organization, or initiative. Typically, this clause outlines the board's composition, appointment process, meeting frequency, and the scope of its advisory role, such as reviewing progress or suggesting improvements. Its core function is to ensure that industry perspectives are integrated into decision-making, thereby enhancing relevance, accountability, and alignment with current industry standards or needs.
Industry Advisory Board. (a) The Board may, upon a determination to do so by Supermajority Board Vote, establish an advisory board with industry representation (the “Industry Advisory Board”). If such Industry Advisory Board is established, it shall be comprised of (i) one representative of each Member which is a Nominating Member, for so long as such Member remains a Nominating Member or is entitled to appoint a Board Observer pursuant to the terms of this Agreement, in each case if such Member desires to appoint a representative to the Industry Advisory Board, and (ii) if so determined by the Board, representatives of such other members of the national securities exchange operated by MEMX LLC as determined by the Board (each such representative referred to herein as an “Industry Advisory Board Member”). With respect to Members which appoint an Industry Advisory Board Member pursuant to the immediately preceding clause (i), if such Member no longer has the right to nominate at least one (1) Director hereunder, unless the Board determines otherwise by Supermajority Board Vote, such Member shall no longer have the right to nominate an Industry Advisory Board Member and the Industry Advisory Board Member nominated by such Member shall automatically and immediately be removed from the Industry Advisory Board.
(b) The Industry Advisory Board shall not be a Board committee, and no overlap of membership between the Board or any Board committee, on the one hand, and the Industry Advisory Board, on the other hand, shall make the Industry Advisory Board a Board committee. The Industry Advisory Board shall provide advice to the Board and the management of the Company and MEMX LLC with guidance on technical and operational matters relating to the national securities exchange operated by MEMX LLC, and on such other matters as the Board, the Company, or MEMX LLC, as the case may be, may request from time to time. The Industry Advisory Board shall have an advisory role only and shall not have the authority to act for or on 71 behalf of, or to bind, the Company or any Company Subsidiaries; provided, however, the Board and the Company’s management shall consider the advice of the Industry Advisory Board in good faith but shall not be bound thereby. The Board shall not have the authority to delegate any of its powers, including the right to authorize any action required to be approved by the Board pursuant to this Agreement or Applicable Law, to the Industry Advisory Board.
(c) If any Company Subs...
Industry Advisory Board. An industry advisory board selected by the Manager comprised principally of sports, media and entertainment industry insiders, professionals and senior executives, current or former athletes and other persons who the Manager believes are qualified to provide advisory, introductory and other services in respect of SME Opps. Initial Limited Partner: M▇▇▇▇▇▇ J▇▇▇.
Industry Advisory Board. (a) Promptly after the Effective Date, the Board may, upon a determination to do so by Supermajority Board Vote, establish an advisory board with industry representation (the “Industry Advisory Board”). If such Industry Advisory Board is established, it shall be comprised of (i) one representative of each of (A) each Market Maker Class A Member which is a Nominating Class A Member, (B) each Retail Broker Class A Member which is a Nominating Class A Member,