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<br /> (f) appointment of a President which shall be an individual designated <br /> by Rohr (the "President"), and approval of the salary and/or bonus <br /> of the President; <br /> (g) approval of the appointment and the salaries and/or bonuses of <br /> Partnership employees who will report directly to the President; <br /> (h) determination of the amount of Distributable Funds for any period; <br /> (i) approval of Budgets and of modifications thereof; <br /> (j) settlement of any dispute requiring the payment to or by the <br /> Partnership of an amount exceeding $100,000; and <br /> (k) entering into contracts calling for payment to be made by the <br /> Partnership of any amount exceeding $100,000 or calling for <br /> performance by the Partnership for a period exceeding two yedrs. <br /> Section 3.03 President <br /> Any powers not specifically reserved to the Executive Board by <br /> Section 3.02, or as the Executive Board may subsequently determine, are <br /> granted to the President. <br /> Section 3.04 Other Businesses <br /> No Partner shall be prohibited from owning, operating or investing in, <br /> either directly or indirectly, any other business activity, either in the <br /> State or elsewhere, or from engaging in, or possessing an interest in, other <br /> businesses of any nature or description, independently or with others, and <br /> the other Partner shall not have any rights, by virtue of this Agreement, in <br /> respect of such other businesses, or the income or profits derived therefrom. <br /> Notwithstanding the above, the Parties agree that during the life of the <br /> Partnership, (a) Rohr and its Affiliates, other than the Partnership, will <br /> not use Advanced Organic Composites to make Engine Components, for third <br /> parties, except to the extent that Rohr is completing existing contracts or <br /> 8 <br />