Common use of The Board Clause in Contracts

The Board. (a) The business and affairs of the Company will be managed by or under the direction of the Board, and the Board shall have all powers, subject to subsection (c) of this Section 4.1, and rights necessary, appropriate or advisable to effectuate and carry out the purposes and business of the Company. No Stockholder, by reason of its status as such, shall have any authority to act for or bind the Company or otherwise take part in the management of the Company.

Appears in 10 contracts

Samples: Stockholders’ Agreement (Johnsondiversey Inc), Stockholders’ Agreement (Johnsondiversey Inc), Stockholders’ Agreement (Johnsondiversey Holdings Inc)

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