Composition of the Executive Clause Samples

The 'Composition of the Executive' clause defines the structure and membership of the executive body within an organization or company. It typically specifies the number of executive members, their roles (such as CEO, CFO, or other officers), and the process for their appointment or removal. For example, it may state that the executive committee consists of a president, vice president, and treasurer, each elected by the board. This clause ensures clarity and transparency regarding who holds executive authority, thereby preventing disputes and confusion about leadership responsibilities.
Composition of the Executive. (1) There shall be a President, which Office shall continue to be occupied by President ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇. (2) There shall be two (2) Vice Presidents, who will be nominated by the President and/or Zanu-PF. (3) There shall be a Prime Minister, which Office shall be occupied by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇. (4) There shall be two (2) Deputy Prime Ministers, one (1) from MDC-T and one (1) from the MDC-M. (5) There shall be thirty-one (31) Ministers, with fifteen (15) nominated by ZANU PF, thirteen (13) by MDC-T and three (3) by MDC-M. Of the 31 Ministers, three (3) one each per Party, may be appointed from outside the members of Parliament. The three (3) Ministers so appointed shall become members of the House of Assembly and shall have the right to sit, speak and debate in Parliament, but shall not be entitled to vote. (6) There shall be fifteen (15) Deputy Ministers, with (eight) 8 nominated by ZANU PF, six (6) by MDC-T and one (1) by MDC-M. (7) Ministers and Deputy Ministers may be relieved of their duties only after consultation among the leaders of all the political parties participating in the Inclusive Government.
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Composition of the Executive. (1) There shall be a President, which Office shall continue to be occupied by President ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇. (2) There shall be two (2) Vice Presidents, who will be nominated by the President and/or Zanu-PF. (3) There shall be a Prime Minister, which Office shall be occupied by Mr ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇. (4) There shall be two (2) Deputy Prime Ministers, one (1) from MDC-T and one (1) from the MDC-M. (5) There shall be thirty-one (31) Ministers, with fifteen (15) nominated by ZANU PF, thirteen (13) by MDC-T and three (3) by MDC-M. Of the 31 Ministers, three (3) one each per Party, may be appointed from outside the members of Parliament. The three
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Related to Composition of the Executive

  • Compensation of the Executive 3 4. Termination.........................................................................

  • Composition of the Board At and following the Closing, each of the Partners and the Sponsor, severally and not jointly, agrees to take, for so long as such Party holds of record or beneficially owns any Registrable Securities, all Necessary Action to cause the Board to be comprised of eleven (11) directors nominated in accordance with this Article II, initially consisting of (i) seven (7) of whom have been nominated by the Partners, and thereafter designated pursuant to Section 2.1(b) or Section 2.1(d) of this Investor Rights Agreement (each, a “Partner Director”), at least four (4) of whom shall satisfy all applicable independence requirements (including at least two (2) of whom shall be sufficiently independent to serve on the audit and compensation committees of the Board), (ii) three (3) of whom have been nominated by the Sponsor, and thereafter designated pursuant to Section 2.1(c) or Section 2.1(d) of this Investor Rights Agreement (each, a “Sponsor Director”), at least one (1) of whom shall satisfy all applicable independence requirements (including being sufficiently independent to serve on the audit committee of the Board as a chair and the compensation committee as a member), and (iii) one (1) of whom has been jointly nominated by the mutual agreement of Sponsor and the Partners (the “Joint Director”), which Joint Director shall satisfy all applicable independence requirements. At and following the Closing, each of the Sponsor and the Partners, severally and not jointly, agrees to take, for so long as such Party holds of record or beneficially owns any Registrable Securities, all Necessary Action to cause the foregoing directors to be divided into three (3) classes of directors, with each class serving for staggered three (3) year terms. The initial term of the Class I directors shall expire immediately following PubCo’s 2022 annual meeting of stockholders at which directors are elected. The initial term of the Class II directors shall expire immediately following PubCo’s 2023 annual meeting of stockholders at which directors are elected. The initial term of the Class III directors shall expire immediately following PubCo’s 2024 annual meeting at which directors are elected.

  • By the Executive The Executive may terminate the Employment at any time with a three-month prior written notice to the Company or by payment of three months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

  • By the Executive Without Good Reason The Executive may terminate his employment without Good Reason at any time upon sixty (60) days’ notice to the Company. The Board may elect to waive such notice period or any portion thereof but, in such event, will pay to the Executive the Base Salary for the period so waived.

  • AGREEMENTS OF THE EXECUTIVE In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive covenants as follows: