CEO Designee definition
Examples of CEO Designee in a sentence
The CEO Designee shall devote such time and effort as is reasonably necessary to fulfill the statutory and fiduciary duties of the Chief Executive Officer of the Company until such time as otherwise instructed or removed by the Board or the resignation of the CEO Designee in such capacity or his or her death.
In the event the CEO Designee ceases for any reason to serve as Chief Executive Officer of the Company, SP Corporate has a right, but not an obligation, to propose another person to serve as the Company’s Chief Executive Officer.
In his or her capacity as the Chief Executive Officer of the Company, the CEO Designee shall report to the Board.
This Agreement shall apply in all material respects to any successor to the CEO Designee who serves as the Chief Executive Officer of the Company in accordance with this Agreement and the term the CEO Designee used herein shall apply to any such successor.
During the term of this Agreement, SP Corporate shall provide to the Company the non-exclusive services of persons designated by SP Corporate and approved by the Committee to perform the Additional Corporate Services in accordance with the terms and provisions of this Agreement (each an “Additional Designee” and collectively, the “Additional Designees” and together with the CEO Designee and the CFO Designee, the “Designated Persons”).
The CEO Designee shall be responsible for proposing matters to the Board for its consideration, provided, that any Director may pose matters to the Board for its consideration.
The duties of the CEO Designee are set forth in additional detail on Exhibit A.
The seat of the CEO Designee shall not be filled until the new CEO is selected.
Other than cases of emergency, medical or dental appointment, sick leave shall be granted by prior arrangement with the CEO, Designee or Sr. Manager.
The duties of the CEO Designee are set forth in additional detail on Exhibit A .