Actions Requiring Board Approval. The Securityholders agree that, during the term of ▇▇▇▇▇▇▇'▇ employment as Chief Executive Officer of Old Refco pursuant to the ▇▇▇▇▇▇▇ Employment Agreement, the day-to-day management of the Company and its subsidiaries will be under the direction and control of ▇▇▇▇▇▇▇ in his capacity as Chief Executive Officer. Exhibit A hereto sets forth a list of actions on the part of the Company or its subsidiaries that require approval of the Board.
Appears in 3 contracts
Sources: Securityholders Agreement (Refco Inc.), Securityholders Agreement (Westminster-Refco Management LLC), Securityholders Agreement (Refco Information Services, LLC)