Manager-in-waiting definition
Manager-in-waiting shall be the individual responsible for managing the Company should the Manager become incapacitated, either through death, disability, or inability to perform their managerial functions. The Manager-in-waiting does not have any managerial powers or any responsibility for the day-to-day management of the Company unless and until the current Manager dies or becomes incapacitated and unable to perform his or her managerial functions. Once that occurs, the Manager-in-waiting becomes the Manager of the Company, as defined in this Operating Agreement.