Board Ownership Sample Clauses

The Board Ownership clause defines who holds legal and beneficial ownership of the board or governing body within an organization. Typically, this clause clarifies whether the board acts as a collective entity or if individual members have specific ownership rights, and may specify how board seats are allocated or transferred. Its core function is to ensure transparency and prevent disputes regarding control and decision-making authority within the organization.
Board Ownership. If the AGENCY ceases to be funded by the DDRB or ceases to provide programs and services for St. ▇▇▇▇▇▇▇ County citizens with developmental disabilities, all capital equipment, materials and buildings purchased with DDRB funds shall be returned to the DDRB in compliance with the Capital Funding Policy or unless so otherwise approved by a majority vote of the DDRB. In addition, if the agency no longer uses capital equipment, materials, and buildings purchased with DDRB funds for its original intent, the agency will need DDRB approval to re-direct its use.
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Board Ownership. If AGENCY INITIALS ceases to be funded by the RESOURCE BOARD or ceases to provide programs and services for St. ▇▇▇▇▇▇▇ County youth and their families, all capital equipment, materials, and buildings purchased with RESOURCE BOARD funds shall be returned to the RESOURCE BOARD in compliance with the Capital Funding Policy or unless so otherwise approved by a majority vote of the RESOURCE BOARD Board. In addition, if AGENCY INITIALS no longer uses capital equipment, materials, and building purchased with RESOURCE BOARD funds for its original intent, AGENCY INITIALS will need the RESOURCE BOARD approval to re-direct.
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Related to Board Ownership

  • Record Ownership The Company, or its attorney, shall maintain a register of the Holder of the Debentures (the "Register") showing their names and addresses and the serial numbers and principal amounts of Debentures issued to them. The Register may be maintained in electronic, magnetic or other computerized form. The Company may treat the person named as the Holder of this Debenture in the Register as the sole owner of this Debenture. The Holder of this Debenture is the person exclusively entitled to receive payments of interest on this Debenture, receive notifications with respect to this Debenture, convert it into Common Stock and otherwise exercise all of the rights and powers as the absolute owner hereof.

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.