For intracompany purposes Sample Clauses

For intracompany purposes the Committee shall supervise or direct the Executives and the executive which shall concurrently be the General Director shall supervise the second Executive. In regard to business management of the Company and upon representation of the Company the authorised executives shall be obliged to respect resolutions, views and recommendations of the Committee. This limitation of executives is in accordance with Section 133 subsection 2 of the Commercial Code and shall be ineffective in relation to third parties.