O fficers Clause Samples
The 'Officers' clause defines the roles, responsibilities, and appointment procedures for the key executive positions within an organization, such as President, Secretary, and Treasurer. It typically outlines how officers are selected, their terms of service, and the scope of their authority, including who may sign contracts or manage finances. This clause ensures clear governance by establishing a framework for leadership and accountability, thereby preventing confusion or disputes regarding organizational management.
O fficers. The Majority-In-Interest of the Members shall have the power and authority to appoint from time to time one or more individuals to serve as officers and agents of the Company and/or any subsidiary of the Company, with such titles, duties and authority as the Majority-In-Interest of the Members shall approve, to carry out the business of the Company and any such subsidiary upon such terms and conditions as the Majority-In-Interest of the Members shall determine. The officers of the Company as of the date of this Agreement are as follows: (i) a Chairman who is ▇▇▇▇ ▇▇▇▇▇▇▇, (ii) a Chief Executive Officer who is ▇▇▇▇ ▇▇▇▇▇▇▇, (iii) a Chief Risk Officer who is ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇,
O fficers. The Majority-In-Interest of the Members shall have the power and authority to appoint from time to time one or more individuals to serve as officers and agents of the Company and/or any subsidiary of the Company, with such titles, duties and authority as the Majority-In-Interest of the Members shall approve, to carry out the business of the Company and any such subsidiary upon such terms and conditions as the Majority-In-Interest of the Members shall determine. The officers of the Company as of the date of this Agreement shall continue to act in such capacity and are as follows: (i) a Chairman, who is ▇▇▇▇ ▇▇▇▇▇▇▇, (ii) a Chief Executive Officer, who is ▇▇▇▇ ▇▇▇▇▇▇▇, (iii) a Treasurer, who is ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, and (iv) a Secretary, who is ▇▇▇▇▇ ▇▇▇▇▇▇▇, and at the discretion of the Board may include a Vice Chairman, President, one or more Vice Presidents and other officers. Any number of offices may be held by the same Person. Unless otherwise specified by the Board or this Agreement or required by the Delaware LLC Act, the duties and authority of an officer of the Company to act on behalf of the Company shall include the same duties and authority as an officer of a Delaware corporation (other than fiduciary duties) with the same title would have to act on behalf of a Delaware corporation in the absence of a specific delegation of authority. Any such officer or agent shall hold office until the death, disability, retirement, resignation or removal of such officer or agent. Unless otherwise specified by the Majority-In-Interest of the Members, the officers identified below shall have the duties and responsibilities set forth in this Section 7.5 subject to the oversight of the Board.
O fficers. In the discretion of the Manager, Officers may be appointed, and upon institution of a Board of Directors, the Board shall appoint Officers. In either such event, the following provisions shall apply.
O fficers. The officers of the Company shall be elected by the Board of Directors and shall consist of a Chairman of the Board, a President, a Secretary, a Treasurer, and one or more Vice Presidents, and such other officers as the Board from time to time shall elect, with such duties as the Board shall deem necessary to conduct the business of the Company. Any officer may hold two or more offices (including those of the Chairman of the Board and President) except that the offices of President and Secretary may not be held by the same person. The Chairman of the Board shall be a director; other officers, including any Vice Chairman and the President, may be, but are not required to be, Directors.
O fficers. The officers of the Corporation shall consist of such officers as the Board of Directors may determine. An individual may hold more than one office.
O fficers. The Interlocal Board shall elect a chair and vice-chair from among the members. The terms of office for the officers shall be annual unless otherwise set forth in any additionally adopted Rules of Governance. The Interlocal Board shall elect a Secretary and a Treasurer who each shall serve at the pleasure of the Interlocal Board until their respective successors shall be appointed or elected as may be set forth therein.