Trading Stock Options, Essay Example

The business of the company shall be managed by one or more Managers. The members initially nominate and elect the person(s) set forth in Exhibition B to serve as Managers of the Company. Managers shall serve at the pleasure of the Members and may be elected or removed by Members holding a majority of the Membership Interests. Exhibit B shall be amended from time to time to reflect any changes in Managers. In the event of a dispute between Managers, final determination shall be made by a vote of the majority of the managers. Any manager may bind the Company in all matters in the ordinary course of Business

Meetings of Managers

Regular meetings of the Managers are not required but may be held at such time and place as the Managers deem necessary or desirable for reasonable management of the Company. Meetings may take place in person, by conference telephone or by any other means of permitted under California Law. In addition, actions may be taken without a meeting if all the Managers sign a written consent reflecting the actions taken.

Banking

The managers are authorized to execute trades in options. The company is fully certified to execute trades in options by fulfilling all the requirements of all options contractual agreements. The company is certified to trade in options, and as such, the company’s managers and employees will act as the company’s agents.

Officers

The Managers are authorized to appoint one or more officers from time to time. The officers shall hold office until their successors are chosen and qualified. Subject to any employment agreement entered into between the officer and the Company, an officer shall serve at the pleasure of the Managers. The current officers of the Company are listed on Exhibit C.