Position and Authority Sample Clauses
The Position and Authority clause defines the capacity in which a party is acting and confirms that the individual signing the agreement has the necessary authority to bind the entity they represent. Typically, this clause requires signatories to state their official title or role and to affirm that they have obtained all required internal approvals. By doing so, it helps prevent disputes over whether an agreement is valid or enforceable due to lack of proper authorization, ensuring that all parties are legally bound as intended.
Position and Authority. The Company agrees to employ the Executive, ---------------------- and the Executive accepts such employment and agrees to serve the Company as Executive Vice President of the Company and any of its respective Subsidiaries as may from time to time be requested by the Company, for the compensation and benefits detailed in Sections 3 and 4 hereof. It is understood that the Executive will report to the Chairman of the Board of Directors and Chief Executive Officer or to the Vice Chairman of the Company. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.
Position and Authority. The Company agrees to employ the Executive, and ---------------------- the Executive accepts such employment and agrees to serve the Company as Vice Chairman of the Company and any of its respective Subsidiaries as may from time to time be requested by the Company, for the compensation and benefits detailed in Sections 3 and 4 hereof. It is understood that the Executive will report to the Chief Executive Officer of the Company. During the Employment Term, the Company shall nominate Executive, and shall use its commercially reasonable best efforts to cause Executive to be elected, to the Board of Directors. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.
Position and Authority. The Company agrees to employ the Executive, and ---------------------- the Executive accepts such employment and agrees to serve the Company as Chairman of the Board of Directors and Chief Executive Officer of the Company and any of its respective Subsidiaries as may from time to time be requested by the Company, for the compensation and benefits detailed in Sections 3 and 4 hereof. It is understood that the Executive will report to the Board of Directors and that no other officer shall regularly so report. During the Employment Term, the Company shall nominate Executive, and shall use its commercially reasonable best efforts to cause Executive to be elected, to the Board of Directors. The Executive shall be the highest ranking officer of the Company and shall have (in all cases subject to the overall authority and control of the Board of Directors) such authority as is typical for executives having similar positions in similar companies. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.
Position and Authority. ▇▇. ▇▇▇▇▇▇ will hold the title Chief Financial Officer of the Company. ▇▇. ▇▇▇▇▇▇ shall report to the President and to the Chief Executive Officer of the Company. ▇▇. ▇▇▇▇▇▇ shall have such authority as shall be defined from time to time by the President, Chief Executive Officer, or the Board of Directors.
Position and Authority. ▇▇▇▇▇▇▇▇ (the "Employee") will hold the title of Executive Vice President and Chief Operating Officer of the Company. The Employee shall report to the Chief Executive Officer of the Company.
Position and Authority. Employee shall serve as the Chief Executive Officer and Director, and shall have the powers and authority of management usually vested in those offices in a corporation, and such other powers and authority as may be prescribed by the Board of Directors or the Bylaws of Passports. In his position, Employee will report directly to the Board of Directors of Passports.
Position and Authority. The Company employs the Executive, and the Executive accepts such employment and agrees to serve the Company as the Chairman of the Board of Directors and Chief Executive Officer of the Company and its respective Subsidiaries, for the compensation and benefits detailed in Sections 3 and 4 hereof and the Options provided in Section 5. It is understood that the Executive will report directly to the Board of Directors. The Executive shall have (in all cases subject to the overall authority and control of the board) such authority as is typical for executives having similar positions in similar companies. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.
Position and Authority. The Company agrees to employ the Executive, ---------------------- and the Executive accepts such employment and agrees to serve the Company as President and Chief Operating Officer of the Company, Advanstar Communications Inc. ("ACI") and any of their respective Subsidiaries as may from time to time be requested by the Company, for the compensation and benefits detailed in Sections 3 and 4 hereof. The Executive will report to the Chairman and Chief Executive Officer of the Company. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.
Position and Authority. Through January 1, 2004, you will continue to serve as Executive Vice President of the Holding Company and be employed as Executive Vice President of the Insurance Company. You shall devote all your efforts to the pursuit and development of new life insurance and annuity product opportunities. Your authority will be limited to that expressly granted to you by this agreement or in writing by Dona D. Young, or her designate. You agree not to ▇▇▇▇▇▇▇▇▇ ▇▇▇r authority to those inside or outside the Group beyond the scope of that expressly granted to you by this agreement or in writing by Mrs. Young or her designate. The Group agrees to ▇▇▇▇▇▇▇▇▇ your authority to others only in a manner consistent with that expressed in any written authority provided to you.
Position and Authority. The Company agrees to employ Executive, and Executive accepts such employment and agrees to serve the Company, Advanstar Communications Inc. ("ACI") and any of their respective Subsidiaries as may from time to time be requested by the Company, in the capacities indicated, in consideration of the compensation and benefits detailed in Sections 3 and 4 hereof. From the Effective Date through December 31, 2003, Executive will serve as the President and Chief Operating Officer of the Company, ACI, and any of their respective Subsidiaries as set forth above. In such capacity, Executive will report to the Chairman and Chief Executive Officer of the Company. From and after January 1, 2004, Executive shall serve as Chief Executive Officer of the Company, ACI and any of their respective Subsidiaries as may be requested from time to time by the Company. In such capacity, Executive shall report to the Board of Directors as a whole. A "Subsidiary" shall be any company in which the Company beneficially owns more than 50% of the voting power of such company's outstanding voting securities.