Collotype Labels (Argentina) S Sample Clauses

Collotype Labels (Argentina) S. A. Collotype Labels (Argentina) S.A. was incorporated as a closed stock corporation by public deed dated March 21, 2011 granted before the Notary Public of Xxxxxxx Xx. Xxxxx Xxxxxx Sanz, under the name of “International Labels S.A.”, approved by Resolution Nº 896 of the Dirección de Personas Jurídicas de la Provincia xx Xxxxxxx, corresponding to year 2011. The parties agree that they will amend the by-laws of the company to change its original name for Collotype Labels (Argentina) S.A. Collotype Labels (Argentina) S.A. has not been subject to any other amendment since its incorporation.
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Collotype Labels (Argentina) S. A. The Board of Directors of Collotype Labels (Argentina) S.A. shall be composed by one regular member and two alternate members that will last in their functions for a period of 3 years. The Parties agree that out of the 3 Directors, MCC shall have the right to appoint the regular member and one alternate member of the Board while Xxxxxxxx Xxxxxxx shall have the right to appoint one alternate member of the Board. The initial Board of Directors of Collotype Labels (Argentina) S.A. shall be comprised of the following individuals, each of whom was nominated by the Shareholder whose name appears above the name of such individual: Each Shareholder shall have the exclusive right to remove, with or without cause, any member of the Board designated by such Shareholder. If the removal of any such member requires the approval of the Board or a Shareholders Meeting, each Shareholder will vote or cause its designated directors to vote, as the case may be, on such removal in accordance with the instructions of the Shareholder with such right.

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