TAM CEO Clause Samples
The "TAM CEO" clause designates the Chief Executive Officer of the TAM (Total Addressable Market) entity as a key decision-maker or point of contact within the agreement. In practice, this clause may specify the CEO's authority to approve certain actions, make binding decisions, or represent the TAM entity in contractual matters. By clearly identifying the CEO's role, the clause ensures that communications and approvals are streamlined and that there is no ambiguity regarding who holds executive authority for the TAM entity, thereby facilitating efficient decision-making and reducing the risk of miscommunication.
TAM CEO. As of the Effective Time, ▇▇▇▇▇ ▇▇▇▇▇▇▇ will be the chief executive officer (Diretor Presidente) of the Holdco I Group (the “TAM CEO”). The TAM CEO shall have general supervision, direction and control of the business and operations of Holdco I Group and shall carry out all orders and resolutions of the Holdco I Board and the TAM Board. Without limitation of the foregoing, the TAM CEO shall have the following responsibilities:
(i) conducting the day-to-day management of the Holdco I Group;
(ii) serving as the company officer of the Holdco I Group and as the representative of the LATAM Group before all Governmental Entities in Brazil, including the Brazilian government and National Civil Aviation Agency of Brazil (Agência Nacional de Aviação, or ANAC);
(iii) together with the LATAM COO, recommending a candidate to the LATAM CEO for appointment as the head of international passenger business of the LATAM Group (including both long haul and regional operations), who shall report jointly to the LATAM COO and the TAM CEO;
(iv) together with the LATAM CEO and the LATAM COO, implementing the integration of LATAM and its Subsidiaries and TAM and its Subsidiaries; and
(v) serving as a senior participant in all business unit and function committees of the LATAM Group.