Transfer of Appointment Rights Sample Clauses

Transfer of Appointment Rights. Upon the consent of the Board of Directors in its sole discretion, a Member holding the right to appoint one (1) Director to the Company’s Board of Directors pursuant to this Section may transfer the right to appoint one (1) Director to a single transferee in connection with the transfer of 15,000 or more Units, all of which were acquired from the Company in the Company’s initial offering registered with the Securities and Exchange Commission. Upon the consent of the Board of Directors in its sole discretion, the right to appoint two (2) Directors to the Company’s Board of Directors pursuant to this Section may be transferred: (i) to a single transferee in connection with the transfer of 40,000 or more Units, all of which were acquired from the Company in the Company’s initial offering registered with the Securities and Exchange Commission; or (ii) to no more than two (2) transferees in connection with the transfer of 15,000 or more Units to the first transferee, and 25,000 or more Units to the second transferee. Notwithstanding the foregoing, a Member who holds the right to appoint two (2) Directors to the Company’s Board of Directors pursuant to this Section 5.3(a)(ii) may transfer the right to appoint one (1) Director in connection with the transfer of 15,000 or more Units to a single transferee, and retain the right to appoint one (1) Director to the Company’s Board of Directors so long as that Member continues to hold 25,000 or more Units, all of which were acquired from the Company in the Company’s initial offering registered with the Securities and Exchange Commission; provided that upon one or more transfers resulting in the ownership by the appointing Member or that Member’s transferee of fewer than 25,000 such Units, the right of appointment associated with those Units shall be extinguished.
Sample 1
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Related to Transfer of Appointment Rights

  • Letter of Appointment 15.6.1 The successful candidate shall receive a letter of appointment in duplicate from the President specifying the precise terms of appointment, including:

  • Terms of Appointment Subject to the terms and conditions set forth in this Agreement, the Fund hereby employs and appoints RPS to perform the services and functions described herein in connection with certain Retirement Plan and Retirement Accounts as agreed upon by the parties.

  • Initial Appointment Upon initial appointment, a bargaining unit employee shall be issued a letter of offer, signed by the xxxx/director, citing specific terms and conditions of employment and his or her initial assignment of responsibilities. The University may enclose informational addenda, except that such addenda may not abridge the employee's rights or benefits provided in the BOT-UFF Agreement or BOT- UFF Policies. All academic year appointments for employees at a University shall begin on the same date. Two weeks prior to the beginning of classes each semester, the University shall send to the UFF Chapter a list of bargaining unit employees hired since the beginning of the previous semester, showing name; rank or title; department, college, program or employment unit; salary; and principal place of employment (campus). The initial letter of offer shall contain the following elements:

  • Scope of Appointment A. Subject to the conditions set forth in this Agreement, the Fund hereby appoints DST as Transfer Agent and Dividend Disbursing Agent.

  • Initial Appointments The Company appoints the Trustee as the initial Paying Agent, the initial Registrar and the initial Conversion Agent.

  • TERMINATION OF APPOINTMENT 6.1 The Issuer may terminate the appointment of the Calculation Agent at any time by giving to the Calculation Agent at least 45 days' prior written notice to that effect, provided that, so long as any of the Relevant Notes is outstanding:

  • Appointment of USBFS as Transfer Agent The Trust hereby appoints USBFS as transfer agent of the Trust on the terms and conditions set forth in this Agreement, and USBFS hereby accepts such appointment and agrees to perform the services and duties set forth in this Agreement. The services and duties of USBFS shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against USBFS hereunder.

  • Duration of Appointment The Employment shall be deemed to have commenced on the Commencement Date and shall continue unless terminated in accordance with the provisions of this Agreement.

  • Appointment of Asset Manager; Acceptance of Appointment The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the Series #TICKER Asset. The Asset Manager hereby accepts such appointment.

  • Notice of Appointment 14:15 All applicants shall be advised in writing of the outcome of their applications within ten (10) working days after the receipt in the Department of employment of the written acceptance of the position by the successful candidate, and earlier if practicable. This written communication shall also include the name of the successful candidate. At the same time, the Union will be notified of the name and academic rank of the successful applicant.

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