MANAGEMENT OF THE BUSINESS. Following the Closing and except as provided in this Agreement, management of the Company will continue to have full authority to operate the day-to-day business affairs of the Company to the same extent as prior to the Closing. In this regard, the Chief Executive Officer of the Company shall continue to be in charge of all matters within his authority on the date hereof, subject, as required by Delaware law, to the requirement that the business and affairs of the Company shall be managed by or under the direction of the Board of Directors.
Appears in 5 contracts
Samples: Stockholder’s Agreement (Wca Waste Corp), Stockholders’ Agreement (Wca Waste Corp), Stockholder’s Agreement (Ares Management Inc)
MANAGEMENT OF THE BUSINESS. Following the Closing and until the Standstill Termination Date, except as provided indicated in this AgreementSection 2.02 above, management of the Company will continue to have full authority to operate the day-to-day business affairs of the Company to the same extent as prior to the Closing. In this regard, the Chief Executive Officer of the Company shall continue to be in charge of all matters within his authority on the date hereof, subject, as required by Delaware law, to the requirement that the business and affairs of the Company shall be managed by or under the direction of the Board of Directors.
Appears in 3 contracts
Samples: Governance Agreement (Northwest Airlines Corp), Governance Agreement (Continental Airlines Inc /De/), Governance Agreement (Northwest Airlines Corp)
