Initial Position Sample Clauses

The 'Initial Position' clause defines the starting status or condition of the parties or subject matter at the commencement of an agreement or contract. Typically, it outlines the baseline rights, obligations, or factual circumstances that exist before any contractual actions or changes take place. For example, it may specify the assets owned, the services provided, or the state of a project at the outset. This clause ensures that both parties have a clear, mutual understanding of the initial context, which helps prevent disputes about pre-existing conditions and provides a reference point for measuring future performance or changes.
Initial Position. Commencing at the Effective Time (as defined below), the Company agrees to employ the Employee in the position of President and to appoint him to the Board of Directors of the Company (the “Board”). In his position as President, the Employee shall report to the Company’s Chief Executive Officer. During his service as President, the Employee and the Company agree that all Company functions other than sales and service and finance, legal, human resources and other general and administrative functions shall report directly to the Employee. The term of the Employee’s employment hereunder shall be referred to herein as the Employee’s “Employment.”
View SourceView Similar (2)
Initial Position. The Employee shall be employed initially as Executive Vice President and Chief Operating Officer of the Company, shall faithfully perform and discharge such duties as inhere in the position of Executive Vice President and Chief Operating Officer of the Company and as may be specified in the Limited Liability Company Agreement of the Company with respect to such position, and shall also perform and discharge such other duties and responsibilities consistent with such position as the President and Chief Executive Officer shall from time to time determine. The Employee shall report to the President and Chief Executive Officer of the Company.
View SourceView Similar (2)
Initial Position. COMPANY serves a wide variety of professional markets and industries across the globe. COMPANY provides professionals with the intelligence, technology and human expertise in the areas of financial and risk, legal, tax and accounting, intellectual property, science and media markets. The Global Legal Entity Identifier Foundation (GLEIF) is a not-for-profit organization created to support the implementation and use of the Legal Entity Identifier (LEI). GLEIF manages a network of partners, i.e. the LEI issuing organizations, to provide trusted services and open, reliable data for unique legal entity identification worldwide. COMPANY approached ▇▇▇▇▇ to propose the establishment of a closer relationship to enhance the overall coverage and quality of LEI data, coming from the each Local Operating Unit (▇▇▇) and published on GLEIF’s website. The Parties believe cross-referencing to alternative IDs like COMPANY’s Identifier “COMPANY-ID” will help their mutual constituents map and acquire ▇▇▇▇ with more precision.
View Source
Initial Position. Beginning on the Effective Date, Executive will initially serve as the CEO-Elect of the Company, reporting directly to the Company’s Board of Directors (“Board”). He will have such duties, responsibilities, powers and authorities as assigned to him by the Board.
View Source
Initial Position. During the Agreement Term, the Executive shall be employed as Vice Chairman of the Company in the Office of the Chief Executive of the Company with duties, responsibilities, powers and authorities commensurate with that position assigned to him by the Chairman and Chief Executive Officer of the Company (the “Chairman”) or the Board of Directors of the Company (the “Board”). The Office of the Chief Executive shall comprise the Chairman , the Vice-Chairman, President and Chief Operating Officer of the Company, Executive and the other Vice Chairman of the Company. The Executive shall report exclusively to the Chairman.
View Source
Initial Position. During the first year of the Agreement Term, ending on September 30, 2007, Executive shall be employed by the Company and shall be elected to and serve as the Chairman and Chief Executive Officer (“CEO”) of the Company. Executive shall report exclusively to the Board.
View Source

Related to Initial Position

  • Financial Position The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders’ equity and cash flows as of and for (a) the fiscal years ended December 31, 2014 and 2013 reported on by Ernst & Young LLP, independent public accountants and (b) the six months ended June 30, 2015. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (b) above.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Term Position A position occupied by a full-time or part-time nurse for a specified period of time, up to a maximum of sixty (60) weeks, where patient/client/resident census or workload necessitates a temporary increase in staffing, if mutually agreed, to replace a nurse(s) who is/are on vacation or leave of absence, or to carry out a special short term project or where the Employer has provided notice of permanent deletion of position(s) under the Memorandum of Understanding regarding Employment Security, or as otherwise mutually agreed between the Union and the Employer. If the Employer determines there is a term position to be filled by a nurse, the term position shall be posted in accordance with Article 30. This shall not preclude the Employer from utilizing part-time nurses and/or casual nurses to work available shifts as specified in Articles 34 and 35 when the Employer decides that a term position is not required. The Employer shall provide written confirmation of the start and expiry dates of the term position prior to the nurse's commencement in the position. This period may be extended if the Employer so requests and the Union agrees. The maximum duration specified in paragraph 1 above for term positions shall not apply in situations where a nurse is absent indefinitely due to Workers Compensation and/or illness and/or accident or where there is a temporary vacancy due to leave for Public Office. In these cases, the Employer shall state on the job posting that the said term position is an "Indefinite Term" which will expire subject to a minimum of twenty-four

  • Preparation Period During the preparation period, a teacher will have no other assignment except in an emergency situation. It is recognized that the preparation period is a scheduled part of the teacher's work day and the teacher is expected to be in his/her respective Building. If the teacher must leave the Building during his/her preparation and/or lunch period, he/she must notify the Building switchboard operator.

  • Accounting Period The Company’s accounting period shall be the calendar year.