DELEGATION OF MANAGERIAL RESPONSIBILITIES Clause Samples

The Delegation of Managerial Responsibilities clause defines how and under what circumstances a manager or management body can assign their duties or authority to others. Typically, this clause outlines the scope of responsibilities that may be delegated, identifies who may receive such delegated powers (such as employees or third-party agents), and may set limits or require approvals for certain types of delegation. Its core function is to provide flexibility in management by allowing tasks to be distributed efficiently, while also clarifying accountability and ensuring that key decisions remain under appropriate oversight.
DELEGATION OF MANAGERIAL RESPONSIBILITIES. Appointment; Action by Less than All Trustees .............. 16
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DELEGATION OF MANAGERIAL RESPONSIBILITIES. 15 SECTION 5.1. Appointment; Action by Less than All Trustees 15 SECTION 5.2. Certain Contracts 16 (a) Advisory 16
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DELEGATION OF MANAGERIAL RESPONSIBILITIES. 14 SECTION 5.1. Appointment; Action by Less than All Trustees . . . . . . . . . . . . . . . . . 14
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DELEGATION OF MANAGERIAL RESPONSIBILITIES. 15 SECTION 5.1. Appointment; Action by Less than All Trustees 15 SECTION 5.2. Certain Contracts 15 (a) Advisory 16 (b) Administration 16 (c) Underwriting 16 (d) Custodian 16 (e) Transfer and Dividend Disbursing Agent 17 (f) Shareholder Servicing 17 (g) Accounting 17 Section 5.3. Distribution Arrangements 17 Section 5.4. Service Arrangements 17 ARTICLE 6 SERIES AND SHARES 17 SECTION 6.1. Description of Series and Shares 17 (a) General 17 (b) Establishment, etc. of Series; Authorization of Shares 18 (c) Character of Separate Series and Shares Thereof 18 (d) Consideration for Shares 18 (e) Assets Belonging to Series 19 (f) Liabilities of Series 19 (g) Dividends 19 (h) Liquidation 20
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DELEGATION OF MANAGERIAL RESPONSIBILITIES. SECTION 5.1 Appointment; Action by Less than All Trustees 16 SECTION 5.2 Certain Contracts 17 SECTION 5.3 Distribution Arrangements 18 SECTION 5.4 Service Arrangements 18 SECTION 6.1 Description of Series and Shares 19 SECTION 6.2 Ownership of Shares 24 SECTION 6.3 Investments in the Trust 24 SECTION 6.4 No Preemptive Rights 24 SECTION 6.5 Status of Shares 24 SECTION 7.1 Voting Powers 25 SECTION 7.2 Number of Votes and Manner of Voting; Proxies 25 SECTION 7.3 Meetings 26 SECTION 7.4 Record Dates 26 SECTION 7.5 Quorum and Required Vote 26 SECTION 7.6 Action By Written Consent 27 SECTION 7.7 Inspection of Records 27 SECTION 7.8 Additional Provisions 27
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DELEGATION OF MANAGERIAL RESPONSIBILITIES. 24 Section 5.1 Appointment; Action by Less than all Trustees 24 Section 5.2 Certain Contracts 25 (a) Advisory 25 (b) Administration 26 (c) Distribution 26 (d) Custodian 26 (e) Transfer and Dividend Disbursing Agency 27 (f) Shareholder Servicing 27 (g) Accounting 27
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DELEGATION OF MANAGERIAL RESPONSIBILITIES 
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Related to DELEGATION OF MANAGERIAL RESPONSIBILITIES

  • MANAGERIAL RESPONSIBILITIES 7.01 Except to the extent provided herein, this Agreement in no way restricts the Employer in the management and direction of the Public Service.

  • Delegation of Responsibilities The Advisor is authorized to delegate any or all of its rights, duties and obligations under this Agreement to one or more sub-advisors, and may enter into agreements with sub-advisors, and may replace any such sub-advisors from time to time in its discretion, in accordance with the 1940 Act, the Advisers Act, and rules and regulations thereunder, as such statutes, rules and regulations are amended from time to time or are interpreted from time to time by the staff of the Securities and Exchange Commission ("SEC"), and if applicable, exemptive orders or similar relief granted by the SEC and upon receipt of approval of such sub-advisors by the Board of Trustees and by shareholders (unless any such approval is not required by such statutes, rules, regulations, interpretations, orders or similar relief).

  • Board of Trustees’ Responsibilities 5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including: a) Validation of the sustainability of the respective Plan Design;

  • IRO Responsibilities The IRO shall: 1. perform each Claims Review in accordance with the specific requirements of the CIA;

  • Duties and Responsibilities of Manager During the Term, subject to the provisions of Section 3.1 herein, Manager shall provide, in exchange for the Management Fee, all such services as are necessary and appropriate for the day-to-day administration and management of Practice in a manner consistent with good business practice, including without limitation those services set forth in this Article 2.