Common use of Management Organization Clause in Contracts

Management Organization. 9.1. The JVC shall implement a system under which the General Manager assumes responsibility under the leadership of the Board of Directors, and shall establish an operation and management organization to oversea the day-to-day operation and management of the JVC. The operation and management organization shall have one General Manager who shall have a term of four (4) years and may serve consecutive terms upon approval by the Board. The Parties agree that the General Manager shall be nominated by Party B.

Management Organization. 9.1. The JVC shall implement a system under which the General Manager assumes responsibility under the leadership of the Board of Directors, and shall establish an [**] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. operation and management organization to oversea the day-to-day operation and management of the JVC. The operation and management organization shall have one General Manager who shall have a term of four (4) years and may serve consecutive terms upon approval by the Board. The Parties agree that the General Manager shall be nominated by Party B.