Board Manager definition
Examples of Board Manager in a sentence
OFI understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member or person serving on the Board ("Manager") of the Fund personally, but bind only the Fund and the Fund's property; OFI represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Member and Manager liability for acts and obligations of the Fund.
If District terminates this Agreement (thereby terminating Manager’s employment), as determined by the affirmative votes of a majority of the members of the Board of Directors at a Regular Meeting of the Board, Manager shall not be entitled to any additional compensation or payment, including Severance, but shall be entitled only to accrued Base Salary.
At its sole cost and expense, the Practice shall have the right to periodically review such billing procedures, and in accordance with the policies approved by the Advisory Board, Manager will use reasonable judgment to settle and discount fees in consultation with the Advisory Board.
The Administrator understands and agrees that the obligations of the Fund under this Agreement are not binding upon any Member or person serving on the Board ("Manager") of the Fund personally, but bind only the Fund and the Fund's property; the Administrator represents that it has notice of the provisions of the Limited Liability Company Agreement of the Fund disclaiming Member and Manager liability for acts and obligations of the Fund.
At regularly scheduled meetings of the SAC Board, Manager will present a detailed report on operations, including any deviations from the Annual Business Plan, and Manager shall advise the SAC Board of deviations from the Annual Business Plan which it reasonably anticipates in the future.
At special meetings of the SAC Board, Manager shall provide such information with respect to the management of SAC as may be reasonably requested by the SAC Board.
If a Joint Powers Board Manager is also an officer of the Joint Powers Board, the Alternate shall not be entitled to serve in the place of such officer when the officer is absent.
With the consent of the SAC Board, Manager may change the financial institution in which the SAC Back Account is held or the branch location of the account.
The Joint Powers Board Manager shall not be entitled to compensation or reimbursement for expenses incurred in attending meetings except to the extent the Council might determine to compensate or reimburse the expenses of the member it appoints in which case the obligation to make such payment shall be that of the individual Council and not of the MSCWMO.
To the extent permitted by the Annual Business Plan or otherwise approved by the SAC Board, Manager may supplement SAC with additional Manager Employees.