Common use of Board of Directors; Committees Clause in Contracts

Board of Directors; Committees. The Board shall have committees prescribed by the Canadian Securities Laws, each of which shall consist of not less than two (2) directors, with the exception of any audit committee of the Corporation which shall consist of at least three (3) directors, and whose rights, powers and duties shall be established by the Board. The Board Designee will be considered by the Board to serve on committees of the Board as long as such Board Designee satisfies the Corporation’s eligibility criteria for committee membership as determined by the Board or an authorized committee thereof from time to time, and the rules of the Canadian Securities Laws (as applicable). The Shareholder and the Corporation agree and acknowledge that committee membership will be in the sole discretion of the Board.

Board of Directors; Committees. The Board shall have committees prescribed by the Canadian Securities Laws, each of which shall consist of not less than two (2) directors, with the exception of any audit committee of the Corporation which shall consist of at least three (3) directors, and whose rights, powers and duties shall be established by the Board. The Board Designee Designees will be considered by the Board to serve on committees of the Board as long as such Board Designee satisfies Designees satisfy the Corporation’s eligibility criteria for committee membership as determined by the Board or an authorized committee thereof from time to time, and the rules of the Canadian Securities Laws (as applicable). The Shareholder and the Corporation agree and acknowledge that committee membership will be in the sole discretion of the Board.

Board of Directors; Committees. The Board shall have committees prescribed by the Canadian Corporate and Securities Laws, each of which shall consist of not less than two (2) directors, with the exception of any audit committee of the Corporation Company which shall consist of at least three (3) directors, and whose rights, powers and duties shall be established by the Board. The Board Designee will Any director nominee put forth by the Shareholder shall be considered by the Board to serve on committees of the Board as long as such Board Designee nominee satisfies the CorporationCompany’s eligibility criteria for committee membership as determined by the Board or an authorized committee thereof from time to time, and the rules of the Canadian Corporate and Securities Laws (as applicable). The Shareholder and the Corporation Company agree and acknowledge that committee membership will be in the sole discretion of the Board.