Duties and Powers of Officers Clause Samples

The "Duties and Powers of Officers" clause defines the responsibilities and authorities assigned to the officers of an organization, such as the president, treasurer, or secretary. It typically outlines the specific roles each officer holds, the scope of their decision-making power, and any limitations or reporting requirements they must follow. For example, it may specify that the treasurer manages financial records while the president oversees daily operations. This clause ensures organizational clarity by delineating who is responsible for which functions, thereby reducing confusion and potential conflicts over authority within the entity.
Duties and Powers of Officers. The Officers of the Company shall have such duties and powers as are provided and prescribed from time to time by resolution of the Members, or as customarily exercised by corporate officers holding such offices.
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Duties and Powers of Officers. Subject to the other provisions of this Section 3.7, the officers of the Company shall have such duties and powers as are prescribed from time to time by resolution of the board of Directors, or as are customarily exercised by corporate officers holding such offices. Notwithstanding the foregoing, the president shall be the chief executive officer of the Company, shall have general and active management of the business of the Company and shall see that all orders and resolutions of the board of Directors are carried into effect. The president shall have full authority to execute powers-of-attorney appointing other corporations, partnerships or individuals the agent of the Company. The president shall be a U.S. Citizen. The vice presidents, in the order of their seniority, shall, in the absence or disability of the president, perform the duties and exercise the powers of the chief executive officer and shall perform such other duties as the president or the board of Directors shall prescribe; provided, however, that any vice president who is not a U.S. Citizen is not authorized to act, and may not act, pursuant to the foregoing sentence or in the absence or disability of the chairman of the board of Directors or the president, nor may such vice president be granted or delegated any authority to bind the Company.
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Duties and Powers of Officers. The board may, for each officer,
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Duties and Powers of Officers. Subject to the Articles of the Company, the duties, powers and responsibilities of each of the officers of the Company shall be those duties, powers and responsibilities determined from time to time by the Board.
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Duties and Powers of Officers. The Officers will have such duties and powers as are described from time to time by the Member, provided that all of the matters set forth on Schedule 6.5 require the consent of the Member.
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Duties and Powers of Officers. 16 5.5 Failure to Vote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 5.6 Voting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
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Duties and Powers of Officers. The officers of the Company shall have such duties and powers as are prescribed from time to time by resolution of the board of directors, or as are customarily exercised by corporate officers holding such offices; provided, however, that no person who is not a U.S. Citizen may exercise or be delegated any authority or duties that in any way relate to the exercise of authority or performance of duties associated with the functions of the chairman of the board of directors or the president nor may such person be granted or delegated any authority to bind the Company.
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Related to Duties and Powers of Officers

  • Duties of Officers Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law of the State of Delaware.

  • Duties and Authority of Officers Except as modified by the Governance Board, the duties and authorities of the Officers are as set forth in Schedule 8.2.

  • Duties and Powers The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-Laws required to be exercised or done by the stockholders.

  • Duties of Officers Generally The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.

  • Appointment of Officers The Board shall appoint the officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section 5.3 of these bylaws.