Responsibility of Dual Directors Officers and/or Employees Clause Example from Business Contracts

Responsibility of Dual Directors Officers and/or Employees. If any person who is a member, manager, partner, officer or employee of the Advisor or the Administrator is or becomes a director, officer and/or employee of the Company and acts as such in any business of the Company, then such member, manager, partner, officer and/or employee of the Advisor or the Administrator shall be deemed to be acting in such capacity solely for the Company, and not as a member, manager, partner, officer or employee of the Advisor or the Administrator or under the control... or direction of the Advisor or the Administrator, even if paid by the Advisor or the Administrator. View More