Common use of Officers Generally Clause in Contracts

Officers Generally. The officers of the Company shall include a Chief Executive Officer (the “CEO”), a Chief Regulatory Officer, a Company Secretary (the “Secretary”) and such other officers as in the Board’s opinion are desirable for the conduct of the business of the Company (collectively, the “Officers”). The Board shall appoint any additional Officers and agents of the Company as the Board shall from time to time deem necessary. Any two (2) or more offices may be held by the same person, except that the offices of CEO and Secretary may not be held by the same person. Such Officers and agents shall have such terms of employment, shall receive such compensation and shall exercise such powers and perform such duties as (a) required by Applicable Law, and (b) the Board shall from time to time determine, as applicable, in accordance with the Company’s annual budget and subject to approval of Holdco pursuant to the terms of the Holdco LLC Agreement.

Officers Generally. The officers of the Company shall include a Chief Executive Officer (the “CEO”), a Chief Regulatory Officer, a Company Secretary (the “Secretary”) and such other officers as in the Board’s opinion are desirable for the conduct of the business of the Company (collectively, the “Officers”). The Board shall appoint any additional Officers and agents of the Company as the Board shall from time to time deem necessary. Any two (2) or more offices may be held by the same person, except that the offices of CEO and Secretary may not be held by the same person. Such Officers and agents shall have such terms of employment, shall receive such compensation and shall exercise such powers and perform such duties as (a) required by Applicable Law, and (b) the Board shall from time to time determine, as applicable, in accordance with the Company’s annual budget and subject to approval of Holdco pursuant to the terms of the Holdco LLC Agreement.Agreement.‌