Board of Trust Managers definition
Examples of Board of Trust Managers in a sentence
This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time, before or after the approval of this Agreement by the partners of RELP or the shareholders of AIP or by the mutual written consent of AIP and RELP, with the prior approval of their respective Board of Trust Managers and General Partner.
The Board of Trust Managers of AIP (the "Board of Trust Managers") and the general partner of RELP have each determined that a business combination between AIP and RELP is in the best interests of their shareholders and partners, respectively, and presents an opportunity for their respective businesses to achieve strategic and financial benefits, and accordingly have agreed to effect a merger subject to the terms and conditions set forth herein.
Executive's salary shall be reviewed by GREAT's Board of Trust Managers on the employment anniversary date each year, and nothing in this Agreement shall be deemed to prohibit an increase at any time in the annual rate of salary of Executive at the sole discretion of GREAT's Board of Trust Managers.
Executive shall be employed as the Company’s Chief Financial Officer and Executive Vice President with job responsibilities related thereto, and such job responsibilities may be modified from time to time at the sole discretion of the Chief Executive Officer or the Board of Trust Managers of the Company (“Board”).
Executive will be entitled to bonus compensation if and as determined, and in the form and upon the terms determined, by GREAT's Board of Trust Managers; including, without limitation pursuant to GREAT's 1996 Share Incentive Plan.
Executive's salary shall be reviewed by GREAT's Board of Trust Managers on the employment anniversary date each year, and nothing in this Agreement shall be deemed to prohibit an increase at any time in the annual rate of salary of Executive at the sole discretion of GREAT's Board of Trust Managers .
The Board of Trust Managers of GREAT has not exempted any Person from the Ownership Limit (as defined in the Charter) or the Grove Affiliate Investor Limit (as defined in the Charter) or otherwise waived any of the provisions of Section 7 of the Charter.
At the direction of the Board of Trust Managers, the Manager may establish and maintain one or more bank accounts in the name of the Company, and may collect and deposit into any such account or accounts, and disburse funds from any such account or accounts, under such terms and conditions as the Board of Trust Managers may approve.
The Ownership Limit and the Grove Affiliate Investor Limit (each as defined in the Charter) have not been modified pursuant to Section 7.9 or 7.10 of the Charter or otherwise; provided, that such limits are expected to be modified pursuant to the Charter Amendments, and, if the Charter Amendments are effected, GREAT's Board of Trust Managers will be permitted to exempt from such limits one or more Persons in connection with a purchase of Common Shares by such Persons in the Private Placement.
The Manager shall from time to time (or at any time upon the request of a majority of the Independent Trust Managers) render appropriate accounting of such collections and payments to the Board of Trust Managers and, upon request, to the auditors of the Company.