Common use of Dismissals Clause in Contracts

Dismissals. (a) The CEO (or any person otherwise agreed by four or more members of the Supervisory Board) will ensure that any breach of the Key Policies by an employee of, or a secondee to, the Downstream Co, is investigated and, following such investigation, shall ensure that such action is taken as he (or his designate) considers appropriate in relation to such breach, which may include dismissal. (b) Subject to applicable law and any policies adopted by the Supervisory Board, any employee of the Downstream Co (other than a member of the Executive Board) may be removed, with or without cause, by the CEO.

Appears in 2 contracts

Samples: Shareholders’ Agreement (Cosan S.A.), Shareholders Agreement (Cosan Ltd.)

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Dismissals. (a) The CEO (or any person otherwise agreed by four or more members of the Supervisory Board) will ensure that any breach of the Key Policies by an employee of, or a secondee to, the Downstream CoSugar and Ethanol, is investigated and, following such investigation, shall ensure that such action is taken as he (or his designate) considers appropriate in relation to such breach, which may include dismissal. (b) Subject to applicable law and any policies adopted by the Supervisory Board, any employee of the Downstream Co (other than a member of the Executive Board) may be removed, with or without cause, by the CEO.

Appears in 2 contracts

Samples: Shareholders Agreement (Cosan Ltd.), Shareholder Agreement (Raizen Energia Participacoes S.A.)

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