Operating Board Clause Samples

Operating Board. The term "Operating Board" shall mean the operating --------------- board, or board of directors of the managing member, as the case may be, of Business Manager.
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Operating Board. The Board of Directors will create an Operating Board of PSERN System User Agencies, which will include at least one fire commissioner as a member, to provide advice and perform other duties as deemed appropriate by the Board of Directors. The obligation to create and maintain an Operating Board shall be included in the PSERN Operator’s articles of incorporation or bylaws.
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Operating Board. 7 1.32 Optometrist................................................. 7 1.33 Physician................................................... 7 1.34 Physician Discretionary Expenses............................ 7 1.35 Physician-Employee.......................................... 8 1.36 Physician-Shareholder....................................... 8 1.37
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Operating Board. (a) As soon as practicable on or after November 15, 1994, the General Partners shall establish an Operating Board of the Partnership which, prior to the date which is four (4) months after the earlier of January 1, 1998, or the first Restructuring, shall consist of twelve (12) members as follows: (i) the Chief Executive Officer from time to time of PIMCO, who shall serve as the Chairperson of the Operating Board, (ii) six (6) managing directors of PIMCO designated by PIMCO from time to time, (iii) three (3) managing directors of CCI
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Operating Board. Subject to Section 6.7, the business and affairs of the Company shall be managed by the Members in their membership capacity through an operating board (the “Operating Board”) which shall consist of individuals designated as follows: (1) one individual (initially ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇) shall be designated by the Lincoln Group; (2) one individual ( ) shall be designated by a group of Members consisting of ; (3) one individual (initially ) shall be designated by ; (4) one individual (initially ) shall be designated by ; (5) one individual (initially ) shall be designated by a group of Members consisting of , and each of the Persons in the Lincoln Group; and (6) two individuals (initially ) shall be designated by ABC. ABC shall be entitled at any time to designate a third individual to the Operating Board, and the Operating Board will be expanded to eight individuals upon the election of such individual. Other than the expansion referred to in the immediately preceding sentence, the Operating Board may not expand the number of individuals serving on the Operating Board. Any Person or group of Persons having the right to designate a member or members of the Operating Board shall also have the power to remove or replace members of the Operating Board so designated by such Person or group of Persons.
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Operating Board. (a) As soon as practicable on or after November 15, 1994, the General Partners shall establish an Operating Board of the Partnership which, prior to the date which is four (4) months after the earlier of January 1, 1998, or the first Restructuring, shall consist of twelve (12) members as follows: (i) the Chief Executive Officer from time to time of PIMCO, who shall serve as the Chairperson of the Operating Board, (ii) six (6) managing directors of PIMCO designated by PIMCO from time to time, (iii) three (3) managing directors of CCI designated by CCI from time to time, (iv) one (1) managing director of any Investment Management Company other than PIMCO or CCI designated by a majority in Total Contributed Income of all such Investment Management Companies, and (v) the Chief Executive Officer from time to time of the Partnership. Members of the Operating Board designated by the Investment Management Companies are referred to as "Designated Members." Notwithstanding the provisions of Article XIV, this subsection (a) may not be amended prior to the date which is four (4) months after the earlier of January 1, 1998 or the first Restructuring. (b) This Section 10.8 and the defined terms referred to only in this Section 10.8 shall be deleted in their entirety on the date which is four (4) months after the earlier of January 1, 1998, or the first Restructuring, and this Agreement shall be restated to reflect such deletion.
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Operating Board. The business and affairs of the Company shall be managed by an operating board (the “Operating Board”). The authorized number of members of the Operating Board shall be initially established at seven (7), but (subject to Section 6.1(b)) may be changed by the Operating Board from time to time.
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Operating Board. The Operating Board shall review the petition of the submitting entity and make its recommendation to the Governing Board within 60 days from the date of submission of such petition. The Operating Board shall evaluate the petition based upon the following: 11.C.2.1. Whether the addition of petitioner as a Party will have an adverse impact on the current and future needs of the existing Parties, on the Service Area and on BVWACS as a whole; and 11.C.2.2. Whether the addition of petitioner as a Party is consistent with the goals and objectives of BVWACS as set forth in this Agreement.
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Operating Board 
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Related to Operating Board

  • Governing Board The Charter School shall utilize an autonomous governing body in the form of a governing board (Governing Board), which shall operate in accordance with its bylaws and which shall be responsible for complying with and carrying out the provisions of this Charter, including compliance with all applicable law. The Governing Board shall exercise substantive control over such areas as personnel decisions, financial decisions, curriculum and instruction, resource allocation, establishing and monitoring the achievement of school improvement goals, and school operations, which are listed by way of example and not by limitation.

  • Operating Committee Except for situations in which the approval of the‌ Participants is required by this Agreement or by non-waivable provisions of applicable law, the Company shall be managed by the Operating Committee, which shall have general charge and supervision of the business of the Company and shall be constituted as provided in Section 4.2. The Operating Committee: (a) acting collectively in accordance with this Agreement, shall be the sole “manager” of the Company within the meaning of § 18-101(10) of the Delaware Act (and no individual member of the Operating Committee shall (i) be a “manager” of the Company within the meaning of Section 18-101(10) of the Delaware Act or (ii) have any right, power or authority to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures on behalf of the Company); (b) shall have the right, power and authority to exercise all of the powers of the Company except as otherwise provided by applicable law or this Agreement; and (c) except as otherwise expressly provided herein, shall make all decisions and authorize or otherwise approve all actions taken or to be taken by the Company. Decisions or actions relating to the Company that are made or approved by the Operating Committee, or by any Subcommittee within the scope of authority granted to such Subcommittee in accordance with this Agreement (or, with respect to matters requiring a vote, approval, consent or other action of the Participants hereunder or pursuant to non-waivable provisions of applicable law, by the Participants) in accordance with this Agreement shall constitute decisions or actions by the Company and shall be binding on the Company and each Participant. Except to the extent otherwise expressly provided to the contrary in this Agreement, no Participant shall have authority to act for, or to assume any obligation or responsibility on behalf of, the Company, without the prior approval of the Operating Committee, and each Participant shall indemnify and hold harmless the Company and each other Participant for any breach of the provisions of this sentence by such breaching Participant. Without limiting the generality of the foregoing, except as otherwise expressly provided in this Agreement, the Operating Committee shall make all policy decisions on behalf of the Company in furtherance of the functions and objectives of the Company under the Exchange Act, any rules thereunder, including SEC Rule 613, and under this Agreement. Notwithstanding anything to the contrary, the Operating Committee may delegate all or part of its administrative functions under this Agreement, but not its policy making (except to the extent determinations are delegated as specifically set forth in this Agreement) authority, to one or more Subcommittees, and any other Person. A Person to which administrative functions are so delegated shall perform the same as agent for the Company, in the name of the Company. Each Person who performs administrative functions on behalf of the Company (including the Plan Processor) shall be required to: (i) agree to be bound by the confidentiality obligations in Section 9.6(a) as a “Receiving Party”; and (ii) agree that any nonpublic business information pertaining to any Participant or any Affiliate of such Participant that becomes known to such Person shall be held in confidence and not shared with the other Participants or any other Person, except for information that may be shared in connection with joint activities permitted under this Agreement.

  • Management Committee 6.1 There shall be constituted a committee to be called the Management Committee with functions as stated herein below. 6.2 Government shall nominate two (2) members representing Government in the Management Committee, whereas each Company constituting the Contractor shall nominate one (1) member each to represent Company in the Management Committee provided that in case the Contractor constitutes only one Company, that Company shall have two (2) members. The Parties shall nominate the members to the Management Committee within thirty (30) days of the Effective Date. 6.3 Each Party may nominate alternate members with full authority to act in the absence and on behalf of the members nominated under Article 6.2 and may, at any time, nominate another member or alternate member to replace any member nominated earlier by notice to other members of the Management Committee. 6.4 One representative of the Government shall be designated as the Chairman of the Management Committee and the second representative of the Government shall be designated as the Deputy Chairman. The member of the Operator, or the member designated by the Operator where Operator has two (2) members in the Management Committee shall be designated as the Secretary of the Committee. 6.5 Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of a single Party constituting the Contractor, then that Party shall submit following matters to the Management Committee for review and it shall have advisory functions: (a) the annual Work Programmes and Budgets in respect of Exploration Operations and any revisions or modifications thereto; (b) annual work progress and costs incurred thereon; (c) proposals for surrender or relinquishment of any part of the Contract Area by the Contractor; (d) proposals for an Appraisal Programme or revisions or additions thereto and the declaration of a Discovery as a Commercial Discovery; (e) any other matter required by the terms of this Contract to be submitted to it for review or advice; and (f) any other matter which the Contractor decides to submit for review or advice including matters concerning inter-Party relationships. 6.6 The following matters shall be submitted by Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of single Party constituting the Contractor, then by that Party to the Management Committee for approval: (a) Annual Work Programmes and Budgets in respect of Development Operations and Production Operations and any modifications or revisions thereto; (b) proposals for the approval of development plans as may be required under this Contract, or modifications or revisions to a Development Plan; (c) determination of a Development Area; (d) appointment of auditors along with scope of audit, approval and adoption of audited report submitted under Article 25.4.3; (e) collaboration with licensees or contractors of other areas; (f) claims or settlement of claims for or on behalf of or against the Contractor in excess of limits fixed by the Management Committee from time to time; (g) proposal about abandonment plan/Site Restoration as required to be submitted under Article 14.10; (h) any other matter required by the terms of this Contract to be submitted for the approval of the Management Committee; (i) any other matter which the Contractor decides to submit to it; and (j) any matter, which Government refers to the Management Committee for its consideration and reasoned opinion. 6.7 Unless agreed otherwise by all the members of the Management Committee, the Management Committee shall meet at least once every six (6) months during the Exploration Period and thereafter at least once every three (3) months or more frequently at the request of any member. The Secretary, with the approval of the Chairman, shall convene each meeting by notifying the members twenty eight (28) days prior to such a meeting (or a shorter period of notice if the members unanimously so agree) of the time and place of such meeting and the purpose thereof and shall include in such notice a provisional agenda for such meeting. The Chairman shall be responsible for processing the final agenda for such meeting and the agenda shall include all items of business requested by the members to be included, provided such requests are received by the Secretary at least ten (10) days prior to the date fixed for the meeting. The Secretary shall forward the agenda to the members at least seven (7) Business Days prior to the date fixed for the meeting. Matters not included in the agenda may be taken up at the meeting by any member with the unanimous consent of all the members whether present or not present at the meeting. 6.8 The Chairman or the Deputy Chairman, as may be the case, shall preside over the meetings of the Management Committee and, in their absence, any other member representing Government and present shall preside over the meetings. 6.9 Secretary to the Management Committee shall be responsible, inter alia, for preparation of the minutes of every meeting in the English language and provision to every member of the Management Committee with two (2) copies of the minutes approved by the Chairman within three (3) Business Days of the meeting. Unless agreed otherwise by all the members of the Management Committee, the minutes of a meeting shall be finalised by the Management Committee within three (3)