Officers and Board of Directors of Pinnacle Airlines Clause Samples
This clause defines the composition, roles, and responsibilities of the officers and board of directors for Pinnacle Airlines. It typically outlines how directors and officers are appointed or removed, their decision-making authority, and the procedures for board meetings. For example, it may specify the minimum number of directors required or the process for electing a new CEO. The core function of this clause is to establish clear governance structures and ensure effective management oversight within the organization.
Officers and Board of Directors of Pinnacle Airlines. Northwest agrees to issue to the President and CEO of Pinnacle Airlines an F1 positive space travel card that is valid for travel on Northwest Flights by the President and CEO and his or her spouse and eligible dependent children so long as such officer is employed by Pinnacle Airlines. This card will be valid for business or leisure travel. Pursuant to his prior employment agreement, Northwest will issue to ▇▇▇▇ ▇▇▇▇▇▇, Vice President & Chief Financial Officer of Pinnacle Airlines a Y1 positive space travel card that is valid for travel on Northwest Flights by ▇▇. ▇▇▇▇▇▇ and his spouse and eligible dependent children so long as ▇▇. ▇▇▇▇▇▇ is employed by Pinnacle Airlines. This card will be valid for business or leisure travel. Northwest will issue to other officers of Pinnacle Airlines (up to a maximum of 8 individuals) travel privileges on Northwest Flights consistent with the travel privileges to which managing directors of Northwest are entitled from time to time. Currently such privileges are as follows: Business Travel: B1/F2 travel card. Leisure Travel: 8 B1 trip events per year. Members of the Board of Directors of Pinnacle Airlines who are not employees will be entitled to receive a Y1 positive space travel card that is valid for travel by such Board member and his or her spouse and eligible dependent children on Northwest Flights operated by Pinnacle. The card will be valid for Pinnacle business purposes and for leisure travel only. The card will not be valid for business travel on behalf of any person, company or entity other than Pinnacle Airlines.