Senior Executives. Euronav CEO (residing in Belgium) to be retained as CEO of Frontline following Tender Offer Completion. • Other executives / senior management members will be selected among existing Frontline and Euronav remaining management or potential new candidates and will be evaluated by the Integration Committee on an as needed basis in order to retain/attract the best talents and proposed to and resolved upon by the Nomination Committee, save for in relation to the CFO, which shall be resolved upon by the full Board. • All executives to be exclusively employed by the combined group following Tender Offer Completion • Management office to be opened in Cyprus (“Frontline head office”) with personnel (expected at least five FTE in the short term) performing at least the following functions (i) senior officials with authority to bind Frontline for day-to-day management purposes, including (a) a country manager reporting to the CEO with specific functions and authority with respect to the (pre-combination) Frontline business including coordination of possible post- combination reorganisation thereof (including exploring the possibility of bringing vessels under Cyprus tonnage tax regime) (b) a manager or director with authority to direct payments from bank accounts opened and managed from Cyprus (ii) employees performing or supporting corporate headquarter functions to be identified by Euronav and Frontline (e.g. corporate strategy, finance, communications and investor relations, consolidation, accounting, group tax compliance, legal, HR, IT) (iii) secretarial support to the Board and the Board Committees including organisation, planning, administration and archiving thereof. Cyprus management office to be point of reception and correspondence for Frontline and books, accounts and archives to be maintained in Cyprus (in paper or digital form). • Operational office in Antwerp to be maintained and, after a legal merger and so long as the (former) Euronav activities are not contributed into a Belgian subsidiary, to be maintained within a Belgian branch managed by a branch manager reporting to the CEO. • Operational offices of the combined group in Oslo, UK, Singapore, Greece and the United States expected to play a significant role in the organization and will be further evaluated.
Senior Executives. The Senior Executives shall diligently attempt to resolve the dispute, including, if they deem it necessary, meeting directly in order to provide full consideration of the dispute. If the Senior Executives are unable to resolve the dispute within sixty (60) additional days after the second consultation then the dispute shall be referred to arbitration.
Senior Executives. Failing resolution during the period provided in the preceding paragraph (a), each Party shall proceed with a hearing by senior executives of Buyer and Seller (“Senior Executives”). Each Party shall appoint a Senior Executive, and the Senior Executives shall meet in person within ten (10) Business Days after the end of the period described in the preceding paragraph (a) and in good faith attempt to resolve the dispute. If the Senior Executives cannot resolve the dispute within fifteen (15) Business Days after their initial meeting, the aggrieved Party may terminate this Agreement and exercise such other remedies as may be available to it (whether at law or in equity).
Senior Executives. The parties shall use reasonable efforts to settle all Disputes. In the event any Dispute is not settled within 30 days after the date such Dispute arises, each party shall within 10 days refer the matter in dispute to its Senior Executive. The Senior Executives shall meet within 21 days to attempt to negotiate a resolution of the Dispute. Settlement offers shall not be admissible in any subsequent dispute resolution process.
Senior Executives. The "Senior Executives" shall mean all members of Employer's Office of the Chairman (howsoever called), and all senior executive officers of Employer.
Senior Executives. Senior Executives shall mean the following executive officers of the Company only: (i) the President and the Chief Executive Officer, (ii) the Chief Financial Officer and (iii) the President—Girbaud Division.
Senior Executives. None of the employees of the Borrower and its Canadian Subsidiaries are either (i) a Senior Employee or (ii) an SEO. None of the Senior Canadian Employees received or are entitled to receive from any Secured Loan Party (i) any performance bonus payments in respect of 2008, (ii) any salary increases from 2008 to 2009 or (iii) any golden parachute payment or similar extraordinary compensation on account of a termination or severance from employment.
Senior Executives. Controversies between Buyer and Seller shall be resolved, to the extent possible, by informal meetings and discussions in good faith between the parties. If a controversy cannot be resolved by informal meetings and discussions within five days after commencement thereof, the dispute shall be referred to senior executives of the parties ("Senior Executives"), who shall work together in good faith to resolve the dispute. The initial Senior Executives shall be Xxxxxx Xxxx on behalf of Buyer and Xxxxxxxx X. Xxxxxx on behalf of Seller.
Senior Executives. At or before Closing, the Buyer Board shall appoint the following officers of the Buyer: Chief Executive Officer: Xxxxxxx X. Xxxxxx Chief Financial Officer: Xxxx X. XxXxxxxxx
Senior Executives. The Parties agree to co-operate and to use all reasonable endeavors to resolve any disputes or differences between them. Disputes between the Parties representative on the Management Committee which remain unresolved for thirty (30) days will be referred to the Chief Executive Officer in the case of MAXYGEN and the Managing Director- Research & Technology, in the case of TRPL, for resolution.
