Initial Position Sample Clauses
The 'Initial Position' clause defines the starting status or condition of the parties or subject matter at the commencement of an agreement or contract. Typically, it outlines the baseline rights, obligations, or factual circumstances that exist before any contractual actions or changes take place. For example, it may specify the assets owned, the services provided, or the state of a project at the outset. This clause ensures that both parties have a clear, mutual understanding of the initial context, which helps prevent disputes about pre-existing conditions and provides a reference point for measuring future performance or changes.
Initial Position. Commencing at the Effective Time (as defined below), the Company agrees to employ the Employee in the position of President and to appoint him to the Board of Directors of the Company (the “Board”). In his position as President, the Employee shall report to the Company’s Chief Executive Officer. During his service as President, the Employee and the Company agree that all Company functions other than sales and service and finance, legal, human resources and other general and administrative functions shall report directly to the Employee. The term of the Employee’s employment hereunder shall be referred to herein as the Employee’s “Employment.”
Initial Position. The Employee shall be employed initially as Executive Vice President and Chief Operating Officer of the Company, shall faithfully perform and discharge such duties as inhere in the position of Executive Vice President and Chief Operating Officer of the Company and as may be specified in the Limited Liability Company Agreement of the Company with respect to such position, and shall also perform and discharge such other duties and responsibilities consistent with such position as the President and Chief Executive Officer shall from time to time determine. The Employee shall report to the President and Chief Executive Officer of the Company.
Initial Position. COMPANY serves a wide variety of professional markets and industries across the globe. COMPANY provides professionals with the intelligence, technology and human expertise in the areas of financial and risk, legal, tax and accounting, intellectual property, science and media markets. The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization created to support the implementation and use of the Legal Entity Identifier (LEI). GLEIF manages a network of partners, i.e. the LEI issuing organizations, to provide trusted services and open, reliable data for unique legal entity identification worldwide. COMPANY approached ▇▇▇▇▇ to propose the establishment of a closer relationship to enhance the overall coverage and quality of LEI data, coming from the each Local Operating Unit (▇▇▇) and published on GLEIF’s website. The Parties believe cross-referencing to alternative IDs like COMPANY’s Identifier “COMPANY-ID” will help their mutual constituents map and acquire ▇▇▇▇ with more precision.
Initial Position. Beginning on the Effective Date, Executive will initially serve as the CEO-Elect of the Company, reporting directly to the Company’s Board of Directors (“Board”). He will have such duties, responsibilities, powers and authorities as assigned to him by the Board.
Initial Position. During the Agreement Term, the Executive shall be employed as Vice Chairman of the Company in the Office of the Chief Executive of the Company with duties, responsibilities, powers and authorities commensurate with that position assigned to him by the Chairman and Chief Executive Officer of the Company (the “Chairman”) or the Board of Directors of the Company (the “Board”). The Office of the Chief Executive shall comprise the Chairman , the Vice-Chairman, President and Chief Operating Officer of the Company, Executive and the other Vice Chairman of the Company. The Executive shall report exclusively to the Chairman.
Initial Position. During the first year of the Agreement Term, ending on September 30, 2007, Executive shall be employed by the Company and shall be elected to and serve as the Chairman and Chief Executive Officer (“CEO”) of the Company. Executive shall report exclusively to the Board.