Managing Board. (A) Cause a proportionate number of the Managing Directors nominated by it to the Managing Board to resign by having such Managing Directors to deliver their resignation letters to the Company (with a copy to the other Group) in which case the Shareholder belonging to the diluted Group shall exercise its voting rights in the relevant Shareholders Meeting to appoint the replacement Managing Directors nominated by binding nomination of the non-diluted Group. For purposes of the foregoing, the proportionate number of Managing Directors shall be calculated as follows, based on the percentage of Company Shares which a Group holds in the total issued and outstanding share capital of the Company: 0 % up to 10 % minus 1 share: no Managing Directors; 10% up to 20 % minus 1 share: 1 (one) Managing Director; 20% up to 40 % minus 1 share: 1 (one) Managing Director; 40% up to and including 60%: 2 (two) Managing Directors; 60 % plus 1 share up to and including 80 %: 3 (three) Managing Directors; 80 % plus 1 share up to and including 90%: 3 (three) Managing Directors; 90 % plus 1 share up to and including 100%: 4 (four) Managing Directors, (decimal amounts to be rounded up or down to the nearest whole number);
Managing Board. The board of directors or similar management board or committee, if any, of the subject Person.
Managing Board. Members The Consortium shall have a Managing Board. The Managing Board shall be made up of the Project Leader, the Coordinator, the Work Package Leaders, and a representative of the Project Management Office (the latter if established shall have no voting rights). Responsibilities The Managing Board shall be responsible for the overall execution of the Action, alignment across all Work Packages, decision making and the initial finding of amicable solutions for any disputes between the Beneficiaries relating to the execution of the Action. It will ensure the smooth operation of the Action and guarantee that all efforts are focused towards the Action Objectives, Deliverables and Milestones. This will be achieved by regular meetings, at least every second month and thorough reviews of progress reports. It will also ensure that all Beneficiaries are regularly updated on the scientific progress. The Managing Board shall undertake, and decide on, the following matters, provided such matters and their implementation are in compliance with the terms of the Grant Agreement: monitor progress against Action Objectives and budget; ensure effective communication external and between WPs with regard to Project progress, best practice and harmonisation and validation across teams using project communication and management tools to ensure operational consistency and efficiency; ensure alignment of activities between the WPs and progress towards common goal of success in the Project; recommend changes to Allocated Work, budget allocation, risk mitigation plans and potential changes in Project direction for endorsement by the General Assembly; during the Action period, receive and coordinate all written requests, if required, for Access Rights to Background and/or Results which a Beneficiary may wish to make, and forwarding, as appropriate, to the concerned Beneficiaries; encourage the organisation of regular meetings between the WP members and the whole Consortium to ensure true collaboration between the Beneficiaries, adequate flow of information within the Consortium and clarification of any potential overlaps and interdependencies; prepare Project activity reports, periodic reports (including financial statements), risk management procedures, quality assurance plans, prior to submission to the IMI2 JU; mediate conflicts which cannot be handled within the Work Packages; decide upon measures in the framework of controls to ensure the effective day-to-day coordination and ...
Managing Board. Article 12.
Managing Board. The Shareholders agree to vote their Shares to elect Lars Xxxxxxxx xx an additional member of the Managing Board promptly following the date hereof to serve as provided in the Agreement and the Articles of Association.
Managing Board. (a) Forthwith upon execution of this Agreement, the Venturers shall form and constitute a managing board (the “Managing Board”) which shall have responsibility for the general day to day operation and administration of the Joint Venture. The Managing Board shall decide all matters of policy relating to the business of the Joint Venture. The Managing Board’s duties shall be as set out and described in the incorporating documents of the Corporation.
Managing Board. At the Effective Time, the members of the managing board of XO LLC designated as such in the LLC Agreement shall be the members of the managing board of the Surviving Entity until their successors are duly elected and qualified.
Managing Board. (a) Except as provided herein or in the Joint Venture Agreement, the Managing Board shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities which the Managing Board deems necessary, useful or appropriate for the management and conduct of the Company's business and affairs.
Managing Board a. The Managing Board shall be composed of five (5) individuals selected by the Members (the "Managers"), of which two (2) individuals shall be appointed by Spire (the "Spire Managers") and three (3) individuals shall be appointed by Gloria (Delaware) (the "Gloria (Delaware) Managers"). Upox xxx resignation, death, xx xemoval of any Spire Manager or Gloria (Delaware) Manager, the successor shall be nominated xxx elected by Spire or Gloria (Delaware), as the case may be. Managers of the Coxxxxx shall receive no remuneration from the Company by virtue of serving on such board unless approved by the Members pursuant to Section 4.06(i). The Managing Board shall determine the amount of reimbursement in respect of its members for travel, hotel, and other incidental expenses incurred in connection with attendance at each Managing Board meeting. The Managers shall in general supervise and control all of the business and affairs of the Company and shall have the authority, without specific authorization from the Members, to pay the normal costs of the Company's operations, with the prior approval of greater than fifty percent (50%) of the Managers for all transactions, unless otherwise specified herein.
Managing Board. Supervisory board.
