Number and Appointment. The officers of the Company will consist of a Chairman (if elected), a Vice Chairman (if elected) and a “Chief Executive Officer” (if elected), a “President,” a “Treasurer” and a “Secretary,” and such “Vice Presidents” (any of which may be designated as Senior or Executive Vice President) as the Board of Managers may choose. The Chairman, the Vice Chairman, the Chief Executive Officer, the President, any Vice President, and the Treasurer will be “managers”, as that term is used in the Act, of the Company and, therefore, may exercise all powers given to managers of limited liability companies under the Act in accordance with this Agreement and may execute agreements and other instruments, including, without limitation, deeds for the transfer of real property and mortgages, on behalf of the Company as a “manager” of the Company. The Chief Executive Officer or President, as a “manager” of the Company, shall have the principal authority to act on behalf of the Company in accordance with this Agreement and the directives of the Board of Managers, notwithstanding Section 2018 of the Act. The Board of Managers will elect the Chief Executive Officer, the President and may select one or more Vice Presidents who may be classified by their specific function. The Board of Managers will also elect the Secretary and the Treasurer. The Board of Managers may elect additional officers, including one or more “Controllers,” “Assistant Controllers,” “Assistant Secretaries,” and “Assistant Treasurers.” An officer need not be a member of the Board of Managers and any individual may hold more than one office.
Number and Appointment. The Board of Managers shall consist of the same number of managers as the number of members of Secure’s board of directors from time to time, and each member of Secure’s board of directors shall also, upon appointment to Secure’s board of directors, be simultaneously appointed to serve as a member of the Board of Managers, with no further action required on the part of the Members. As with Secure, the Company’s Board of Managers shall be divided into three classes: Class A, Class B and Class C. The number of managers in each class shall be as nearly equal as possible. The managers in Class A shall be elected for a term expiring at the first annual meeting of stockholders held after the Secure stockholders’ meeting held to approve the transactions contemplated by the Contribution Agreement and this Agreement (the “Secure Stockholder Meeting”), the managers in Class B shall be elected for a term expiring at the second annual meeting of stockholders after the Secure Stockholder Meeting, and the managers in Class C shall be elected for a term expiring at the third annual meeting of stockholders after the Secure Stockholder Meeting. The initial members of the Board of Managers shall be in accordance with Section 5.10 of the Contribution Agreement.
Number and Appointment. The Board initially shall consist of three (3) Managers. Thereafter, the number of Managers shall be established from time to time by the Member. The initial Managers shall be Xxxx Xxxxx, Xxxxxxx Xxxxxx and Xxxxxxx Xxxxxxxx. Any Manager position to be filled by reason of an increase in the number of Managers or by any other reason shall be filled by RSI, subject in each case, to the receipt of any requisite Gaming Licenses and/or approvals from Gaming Authorities. Notwithstanding anything herein to the contrary, but subject to the last sentence of Section 3.2(b), each of Xxxx Xxxxx (or one of his adult children) and Xxxxxxx Xxxxxx shall be entitled to serve as Managers until they (or their Permitted Transferees, successors or assigns) (taken together) hold fewer Equity Interests (as such term is defined in the Business Combination Agreement) of dMY Technology Group, Inc. and RSI (taken collectively) than another shareholder or affiliated group of shareholders.
Number and Appointment. The Board shall initially consist of a number of Directors equal to the number of members of the Board of Directors of the Public Offering Entity, who shall be designated by the Public Offering Entity from time to time in its sole discretion.
Number and Appointment. There shall be two Managers who shall be appointed by the Voting Members. Subject to applicable Gaming Laws, Xxxxxxxxxx (or any Person or Persons to whom Xxxxxxxxxx directly or indirectly Transfers a majority of his Voting Interest in accordance with this Agreement) shall have the right to appoint one Manager (the "Xxxxxxxxxx Manager"), and Xxxx (or any Person or Persons to whom Xxxx directly or indirectly Transfers a majority of his Voting Interest in accordance with this Agreement) shall have the right to appoint one Manager (the "Xxxx Manager"); provided, that the Xxxxxxxxxx Manager must be reasonably acceptable to Xxxx and the Xxxx Manager must be reasonably acceptable to Xxxxxxxxxx. Xxxxxxxxxx shall be the initial Xxxxxxxxxx Manager and Xxxx shall be the initial Xxxx Manager. Each appointing Voting Member may, by written notice to the others, remove any Manager appointed by such Voting Member and appoint a substitute therefor; provided, such removal and appointment does not and is not reasonably expected to cause a Gaming Problem. Additionally, if any Manager is found to be an Unsuitable Person, the applicable Voting Member shall immediately remove such Person as a Manager, and such Person shall automatically cease to be a Manager.
Number and Appointment. The Committee shall consist of three (3) Representatives. The holders of a majority of the Percentages designated on the Member Percentage Schedule as KRG Percentages shall have the right to appoint one (1) Representative (the “KRG Representative”), the holders of a majority of the Percentages designated on the Member Percentage Schedule as Summit Percentages shall have the right to appoint one (1) Representative (the “Summit Representative”) and the holders of a majority of the Percentages designated on the Member Percentage Schedule as Management Percentages shall have the right to appoint one (1) Representative (the “Management Representative”). The initial Committee shall consist of [ ] (who shall be the initial KRG Representative), Xxxx Xxxxxxxx (who shall be the initial Summit Representative) and Xxxxx X. New (who shall be the initial Management Representative).
Number and Appointment. Subject to the terms of this Section 5.2, the Board shall consist of three Managers appointed by the K1 Investor, each of whom shall be entitled to three votes (collectively, the “K1 Managers”), and such other Managers who shall from time to time be appointed by the K1 Investor, each of whom shall be entitled to one vote; provided that the K1 Managers shall at all times hold a majority of the total votes of the Board; provided further that the K1 Investor may at any time, in lieu of appointing all of the K1 Managers that the K1 Investor is entitled to appoint pursuant to this Section 5.2(a), elect to vest any appointed K1 Manager with the vote or votes of any such unappointed K1 Manager(s).
Number and Appointment. There shall be sixteen (16) Trustees acting hereunder to constitute the Board of Trustees, eight (8) of whom shall be appointed by the Union (sometimes referred to as “Union Trustees”), and eight (8) of whom shall be appointed on behalf of Employers (sometimes referred to as “Employer Trustees”). Three (3) of the Employer Trustees shall be appointed by the Associated General Contractors of Missouri; two (2) shall be appointed by the Home Builders Association of St. Louis and Eastern Missouri; one (1) shall be appointed by the Southern Illinois Builders Association; one (1) shall be appointed by The Builders’ Association; and one (1) shall be appointed by the Flooring Industry Council. Each Trustee shall have one (1) vote on all matters relating to the Trust and Plan, subject always to the provisions of Article V, Section 7 of this Agreement with respect to preserving equal voting power at all times between the Union Trustees and the Employer Trustees. From time to time, the number of Trustees may be increased or decreased at the discretion of the then existing Trustees, provided, however, that at all times the actual voting power between the Union Trustees and Employer Trustees shall be equally maintained.
Number and Appointment. The Company will be manager-managed and shall have a single manager, and each of the Unitholders hereby consents to the election and appointment of BIT CAPITAL MANAGEMENT, LLC., a Delaware limited liability company (the “Manager”) as the sole manager. The Manager shall serve as the sole manager of the Company until the dissolution, winding up and termination of the Company. Unitholders shall have no right to replace, remove or terminate the Manager or increase the size or otherwise alter the composition of the number of Managers in any way, except by unanimous vote of the Unitholders.
Number and Appointment. There shall be five (5) Trustees, each from a different Participating Employer. The Trustees shall be appointed by majority vote of the Participating Employers and shall serve until their expiration of term, death, incapacity, resignation, or removal. Term durations for the Trustees shall be determined by the Participating Employers as part of the appointment process, however, there shall be no term limit as to the amount of time a Trustee may serve as a member of the Board of Trustees unless otherwise determined by the Board of Trustees. No person shall be a Trustee unless he or she accepts such appointment, in writing, filed with the other Trustees. The Participating Employers may, by majority vote following a thirty (30) day advance written notice, increase the number of Trustees from five (5) to some larger (odd) number. Class B Voting Members of Cooperative Solutions and the Executive Director of Cooperative Solutions shall serve as non-voting ex-officio members of the Board of Trustees for the Trust, at the discretion of the Trustees and may be required to execute a Code of Ethics and a non-disclosure agreement.
