Initial Officers definition

Initial Officers means the persons and their respective office named in

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Examples of Initial Officers in a sentence

Successors to the Initial Officers, and such other executive officers as may be necessary to conduct the business of the Company, shall be chosen by the Managing Member, subject to the approval of the Board if required pursuant to Section 6.3 hereof.
Any travel and entertainment expense in excess of $1,500 incurred by the Initial Officers shall require the prior written consent of an ASFI Manager.
The Initial Officers shall not be removed and the power and authority of such Initial Officers shall not be altered or diminished except with the unanimous written consent of the Members or as provided in the Consulting Agreement.
Each officer of the Company (including the Initial Officers) shall serve until his successor is appointed, or his earlier death, disability, resignation or removal.
The names and titles of the initial Officers are set forth on the Schedule of Initial Officers.
The Initial Officers shall be entitled to receive such compensation as is set forth on Schedule 6.5 and shall each enter into a consulting agreement in the form attached hereto as Exhibit C (the “Consulting Agreement”).
The Initial Officers shall have the duties and responsibilities normally associated with such positions under the Delaware Corporation Act, unless otherwise specified by the Management Committee.
The Initial Officers shall perform the duties set forth in their respective Employment Agreements, as amended from time to time by the Board of Directors, applicable to such Officer and such other duties as may be assigned to him from time to time by the Board of Directors.
Parent and the Company shall take all necessary action so that the Initial Officers and Directors are elected to the positions of officers and directors of Parent and the Surviving Corporation, to serve in such positions effective immediately after the Closing.
The initial officers of the Company shall be as set forth on the Schedule of Initial Officers attached hereto.

More Definitions of Initial Officers

Initial Officers means the persons and their respective office named in schedule 5.

Initial Officers. President: Vice President: Secretary: Treasurer: The corporation must have a President. All other officers are optional. The same person can hold multiple officer positions. 10/06/17 STOCKHOLDER INFORMATION Complete Parts 1, 2 and 3 for all stockholders. If any stockholder is a corporation, limited liability company, or limited partnership, also complete Part 4 for that entity. If any stockholder is a trust, complete Part 5 only for the trust. Make sure that the information in Parts 2 - 5 on each line corresponds to the appropriate stockholder’s number that you enter for the stockholder in Part 1. Stockholder 1 in Part 1 is stockholder 1 in all other Parts of this agreement. It’s best to enter all info for one stockholder at a time so you make sure to put the stockholder’s info on the same line of each part. 1 Single CP SP 2 Single CP SP 3 Single CP SP 4 Single CP SP 5 Single CP SP 6 Single CP SP * Arizona Community Property vs. Separate Property (Not Applicable to Singles, Trusts or Entities): Under Arizona law property acquired by a spouse while married is community property unless it is acquired by inheritance or as a gift. This means that if you are married & an Arizona resident, your ownership interest in the corporation will be community property unless you: (1) select the radio button above to indicate you are to own your interest as separate property, and (2) get your spouse to sign the Disclaimer that we will prepare and send to you. If a stockholder is married, select the appropriate box to indicate how the married stockholder will own his or her interest in the corporation: community property (CP) or separate property (SP). Under Arizona law: (A) community property with right of survivorship means: (i) each spouse owns an undivided ½ interest in the spouses’ total ownership interest in the corporation, (ii) the interest of the first spouse to die passes to the surviving spouse without a probate), and (iii) if they divorce, each is entitled to his or her ½ interest in the total amount owned by the couple, and (B) separate property means: (iv) the spouse who owns as separate property owns 100% of the stock, (v) the other spouse has no ownership rights in or to that interest, (vi) if they divorce, the owner spouse gets all of the interest and the other spouse gets none of the owner spouse’s interest, and (vii) if the spouse who owns the stock dies, the interest goes as provided in the deceased spouse’s Will or trust, but if the deceased spouse does...