Management and Duties Clause Samples

Management and Duties. The Member will manage the Company. In addition, the Company may have such officer or officers as the Member may from time to time appoint, including, without limitation, one or more Chief Executive Officers, a President, a Chief Financial Officer, one or more Vice Presidents, a Treasurer and a Secretary. Each officer shall hold office at the pleasure of the Member and may be removed at any time from any office or offices, with or without cause, by and in the discretion of the Member. All officers shall possess and exercise the duties and authority of their respective offices subject to the authority and direction of the Member. All officers shall have such duties and authority with respect to the affairs of the Company as are customarily possessed by such officers of an Ohio corporation, except as such duties or authority may be limited or expanded by action of the Member from time to time.

Management and Duties. (a) Responsibility of Member(s). The Member(s) shall have full, exclusive and complete discretion in the management and control of the business and affairs of the Company for the purpose herein stated, and shall make all decisions affecting the Company's business and affairs, except as otherwise expressly limited herein. The Member(s) shall have full authority to bind the Company by execution of documents, instruments, agreements, contracts or otherwise to any obligation not inconsistent with the provisions of this Agreement. (b) Vote of Member(s). Except as otherwise expressly provided herein and to the extent there is more than one Member, all matters relating or pertaining to the Company, its operation or its business shall be determined by a vote or written consent of the Member(s) whose aggregate Unit Ownership exceed 50%. To the extent there is more than one Member, meetings of the Members may be called upon five days written notice by the Member(s) whose aggregate Unit Ownership exceed 50%. All meetings of the Members shall be held at the offices of the Company or elsewhere as the Members may designate. Members whose aggregate Unit Ownership exceed fifty percent (50%) shall constitute a quorum for the transaction of business at any meeting.

Management and Duties a. The conduct of the day-to-day operations and management of the Company shall be by two (2) "Managers" who shall have equal rights in the management and conduct of the Company. Each Member shall select one (1) Manager who shall be competent in all respects to fulfill the duties of the Company management. The Managers shall, on an annual basis or more often as the Members may require, submit a business plan to the Members that shall encompass short and long term budgeting, marketing, and product development ("Budget and Business Plan"). The Members shall review and comment upon or approve the plan within thirty (30) days from submittal.

Management and Duties