Management Activity Clause Samples
Management Activity. 1.1 The Manager is authorised to carry out, on the Site, the Management Activity described in Section C Schedule 1 and, in doing so, must comply with the terms and conditions in this Agreement and must exercise reasonable skill, care and diligence.
1.2 The Management Activity is that described in Section C Schedule 1. Any activities which, in the opinion of the Director-General, go beyond the nature and scope of the Management Activity are to require a further or different form of agreement between the parties.
1.3 This document incorporates the entire agreement between the parties in relation to its subject-matter, and all the terms of the agreement and supersedes and excludes any prior negotiation, understanding, communication or agreement by or between the parties in relation to the subject-matter or any term of the agreement.
Management Activity. (A) Management is elected by the Board of Directors as determined by Charter of the Company.
(B) The Board of Directors elects chairman of the Management unless the Charter of the Company provides for the election of the Chaiman by the members of the Management.
(C) Order and procedure for business activity of the Management and decision-making are determined in the Charter of the Company.
(D) Management of the Company shall consist of four members with two representatives from each Shareholder.
(E) Chairman of the Management (President) shall be a representative of TME and Vice-President on Finance shall be a representative of KSP entitled to sign all payment documents and contracts.
(F) Any payment, transaction, issue of guarantees and bills, acquisition or sale of any assets of the Company shall be effected at least with two signatures available those of the Chairman of Management (President) of the Company and Vice-President on Finance. The said order must be reflected in the Charter of the Company. Violation of the said provision shall make any transaction or deal invalid.Responsibility for the actions of an officer who violates the order specified in this Clause shall be taken by the Party represented by the officer or who proposed to appoint the officer as Chairman of the Management (President) of the Company or Vice-President on Finance, and the Company has the right to claim compensation for losses caused by such actions of the Chairman of Management (President) or Vice-President on Finance of the Company.
Management Activity. (Clause 1) [DELETE TEXT - describe the scope of the work and nature of the Management Activity] The Department’s contribution [DELETE TEXT - provide a short summary of DOC’s contribution to the Management Activity] Manager’s contribution [DELETE TEXT - provide a short summary of the Managers contribution to the Management Activity]