Initial Board of Trustees Sample Clauses

Initial Board of Trustees. The names of the initial Managing Trustees are:
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Initial Board of Trustees. The initial Board of Trustees shall consist of the President, the First Vice-President and the Second Vice-President of the Florida League of Cities, Inc., one member of the Board of Trustees of the Florida Municipal Self-Insurers Fund appointed by that Board of Trustees, and one member of the Board of Trustees of the Florida Municipal Insurance Trust appointed by that Board of Trustees. The members of the initial Board of Trustees shall hold office by virtue of their holding one of the offices enumerated in the above paragraph. If for any reason a person fails to hold the enumerated office, such person shall be considered to have resigned from the initial Board of Trustees and shall be replaced by their successor in the office enumerated in the above paragraph. The initial Board of Trustees shall have all the powers of the Trustees provided in this Declaration of Trust until such time as the successor Board of Trustees have been selected in the manner provided herein. In addition, the initial Board of Trustees shall have the power to appoint up to two
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Initial Board of Trustees. The Board of Trustees shall initially consist of two Trustees as named in Schedule B attached hereto ("Initial Trustees"). One Initial Trustee shall be a physician representative ("Physician Trustee"), and the other Initial Trustee shall be a hospital representative ("Hospital Trustee") as set forth in Schedule B. The Initial Trustees shall appoint one additional Physician Trustee from among CCE Participants comprised solely of individual or groups of Medicaid-enrolled physicians ("CCE Participant Physicians") and two additional Hospital Trustees from among the Company-affiliated hospitals ("CCE Participant Hospitals"). By mutual agreement of the Physician Trustees and Hospital Trustees, one additional Trustee shall be appointed who (1) is a Beneficiary served by the Company, (2) does not have a conflict of interest with the Company as described in the Company's Conflict of Interest Policy ("Conflicts Policy"), and (3) does not have an immediate family member with a conflict of interest with the Company as described in the Conflicts Policy ("Beneficiary Trustee"). The Beneficiary Trustee shall be considered a Hospital Trustee for the purposes of establishing a quorum and voting. These six Trustees shall constitute the Initial Board of Trustees.
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Related to Initial Board of Trustees

  • The Board of Trustees of the Fund shall promptly notify the Insurer in writing of its determination of the existence of an irreconcilable material conflict and its implications.

  • Board of Trustees 2.1.1 The Board of Trustees will be comprised of 9 voting members that include 5 employee representatives and 4 employer representatives. The Board of Trustees will include among its members two independent experts, one representing the employer representatives and one representing the employee representatives. The employee representatives will be responsible for the appointment and termination of the employee Trustees, and the employer representatives will be responsible for the appointment and termination of the employer Trustees.

  • Plenary authority of the Board of Trustees The Sub-Adviser and Adviser both acknowledge that the Fund is a mutual fund that operates as a series of the Trust under the authority of the Board of Trustees.

  • Management by Board of Managers (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the “Board”), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of one (1) to five (5) individuals (the “Managers” and each a “Manager”), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of three (3) members, who shall be Xxxxxxx X. Xxxxxx, Xxxxxxx X.

  • Board of Directors of the Company (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEES") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • The Board of Directors AGREES TO—

  • Management by Board of Directors (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

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