Common use of Management Organs Clause in Contracts

Management Organs. 1. The JVC and the Subsidiary shall each set up the operation management organ below the Board of Directors and shall cause to take charge of the daily operation management affairs. 2. The Board of Directors of the JVC and the Subsidiary shall each designate one Executive Director to take charge of the daily operation, management and administration. Under the Executive Director, there shall be one General Manager, one Deputy General Manager and one senior management officer. 3. The Board of Directors of JVC and the Subsidiary shall appoint the person nominated by BIZZ as the Executive Director and General Manager and the person nominated by SUN as the Deputy General Manager, and shall decide their authority, compensation and dismissal. The initial Executive Director and General Manager shall be Dxxxxxx Xxxx. The initial Deputy General Manager shall be determined by SUN. For other senior management officers, the Board of Directors shall decide the establishment, number, selection, authority, remuneration, dismissal and the like shall be decided and selected by the Board of Directors in accordance with the need in performing the affairs of the JVC and the Subsidiary. 4. The terms of the Executive Director, the General Manager and the Deputy General Manager shall be three (3) years and may be renewed. In the case of replacement during the term, the Party who nominated and sent him shall send thirty (30) days advance notice to the other Party and the Board of Directors, and shall bear all damages caused thereby, and hold other Party harmless. 1. The JVC and the Subsidiary shall each have the system under the guidance of the Board of Directors and the Executive Director shall be the highest person responsible for daily operation and management affairs. The Executive Director may also be appointed as General Manager and therefore act in dual capacity. The Executive Director shall represent the company externally within the scope of authority given by the Board of Directors, and internally shall exercise the authority over daily operation management. In disposing important matters, the Executive Director and General Manager shall consult with the Deputy General Manager. 2. When the General Manager is unable to perform his duties, the Deputy General Manager shall perform the duties of the General Manager in his/her behalf. 3. The General Manager shall set up departments within the operation management organ and appoint the department managers to head each department. The department manager shall be responsible for the affairs of department in charge, handle such matters as may be entrusted by the Executive Director, the General Manager and the Deputy General Manager shall be responsible to the Executive Director. 4. The General Manager and Deputy General Manager shall make decision together of the followings: (1) Deciding the management policy, and plans for production, sale and procurement for the long and medium terms. (2) Appointment and dismissal of the managing director and other high-ranking officer of the JVC and the Subsidiary as well as deciding their scope of authority and compensation. (3) Establishment of management control organs, division and branch of the JVC and the Subsidiary as well as deciding and revocation of the authority thereof.

Management Organs. 1. The JVC and the Subsidiary shall each set up up, the operation management organ below the Board of Directors and shall cause to take charge of the daily operation management affairs. 2. The Board of Directors of the JVC and the Subsidiary shall each designate one Executive Director to take charge of the daily operation, management and administration. Under the Executive Director, there shall be one General Manager, one Deputy General Manager and one a few senior management officerofficers. 3. The Board of Directors of JVC and the Subsidiary shall appoint the person nominated by BIZZ GAMENOW as the Executive Director and General Manager and the person nominated by SUN WEBZEN as the Deputy General Manager, and shall decide their authority, compensation and dismissal. The initial Executive Director and General Manager shall be Dxxxxxx Xxxx. The initial Deputy General Manager shall be determined by SUN. For other senior management officers, the Board of Directors shall decide the establishment, number, selection, authority, remuneration, dismissal and the like shall be decided and selected by the Board of Directors in accordance with the need in performing the affairs of the JVC and the Subsidiary. 4. The terms of the Executive DirectorDirector , the General Manager and the Deputy General Manager shall be three (3) years and may be renewed. In the case of replacement during the term, the Party party who nominated and sent him shall send thirty (30) days advance notice to the other Party and the Board of Directors, and shall bear all damages caused thereby, and hold other Party parties harmless. 1. The JVC and the Subsidiary shall each have the system under the guidance of the Board of Directors and the Executive Director shall be the highest person responsible for daily operation and management affairs. The Executive Director may also be appointed as General Manager and therefore act in dual capacity. The Executive Director shall represent the company externally within the scope of authority given by the Board of Directors, and internally shall exercise the authority over daily operation management. In disposing important matters, the Executive Director and General Manager shall consult with the Deputy General Manager. 2. When the General Manager is unable to perform his duties, the Deputy General Manager shall perform the duties of the General Manager in his/her behalf. 3. The General Manager shall set up departments within the operation management organ and appoint the department managers to head each department. The department manager shall be responsible for the affairs of department in charge, handle such matters as may be entrusted by the Executive Director, the General Manager and the Deputy General Manager shall be responsible to the Executive Director. 4. The General Manager and Deputy General Manager shall make decision together of the followings: (1) Deciding the management policy, and plans for production, sale and procurement for the long and medium terms. (2) Deciding the distribution system and distribution methods of the online game. (3) Appointment and dismissal of the managing director and other high-ranking officer of the JVC and the Subsidiary as well as deciding their scope of authority and compensation. (34) Establishment of management control organs, division and branch of the JVC and the Subsidiary as well as deciding and revocation of the authority thereof. (5) Appointment of exclusive and non-exclusive distributor in some region of China. (6) Establishment of the standards concerning the labor conditions such as wages of personnel and workers of the JVC and the Subsidiary, and their bonus, welfare and the like.

Management Organs. 1. The JVC and the Subsidiary shall each set up up, the operation management organ below the Board of Directors and shall cause to take charge of the daily operation management affairs. 2. The Board of Directors of the JVC and the Subsidiary shall each designate one Executive Director to take charge of the daily operation, management and administration. Under the Executive Director, there shall be one General Manager, one Deputy General Manager and one a few senior management officerofficers. 3. The Board of Directors of JVC and the Subsidiary shall appoint the person nominated by BIZZ GAMENOW as the Executive Director and General Manager and the person nominated by SUN WEBZEN as the Deputy General Manager, and shall decide their authority, compensation and dismissal. The initial Executive Director and General Manager shall be Dxxxxxx Xxxx. The initial Deputy General Manager shall be determined by SUN. For other senior management officers, the Board of Directors shall decide the establishment, number, selection, authority, remuneration, dismissal and the like shall be decided and selected by the Board of Directors in accordance with the need in performing the affairs of affairsof the JVC and the Subsidiary. 4. The terms of the Executive DirectorDirector , the General Manager and the Deputy General Manager shall be three (3) years and may be renewed. In the case of replacement during the term, the Party who nominated and sent him shall send thirty (30) days advance notice to the other Party and the Board of Directors, and shall bear all damages caused thereby, and hold other Party harmless. 1. The JVC and the Subsidiary shall each have the system under the guidance of the Board of Directors and the Executive Director shall be the highest person responsible for daily operation and management affairs. The Executive Director may also be appointed as General Manager and therefore act in dual capacity. The Executive Director shall represent the company externally within the scope of authority given by the Board of Directors, and internally shall exercise the authority over daily operation management. In disposing important matters, the Executive Director and General Manager shall consult with the Deputy General Manager. 2. When the General Manager is unable to perform his duties, the Deputy General Manager shall perform the duties of the General Manager in his/her behalf. 3. The General Manager shall set up departments within the operation management organ and appoint the department managers to head each department. The department manager shall be responsible for the affairs of department in charge, handle such matters as may be entrusted by the Executive Director, the General Manager and the Deputy General Manager shall be responsible to the Executive Director. 4. The General Manager and Deputy General Manager shall make decision together of the followings: (1) Deciding the management policy, and plans for production, sale and procurement for the long and medium terms. (2) Deciding the distribution system and distribution methods of the online game. (3) Appointment and dismissal of the managing director and other high-ranking officer of the JVC and the Subsidiary as well as deciding their scope of authority and compensation. (34) Establishment of management control organs, division and branch of the JVC and the Subsidiary as well as deciding and revocation of the authority thereof. (5) Appointment of exclusive and non-exclusive distribution in some region of China. (6) Establishment of the standards concerning the labor conditions such as wages of personnel and workers of the JVC and the Subsidiary, and their bonus, welfare and the like. Article 23 The General Manager shall be responsible to the Executive Director directly and shall perform the following listed duties. 1. Submitting the following drafts or plans to the Executive Director and carrying out after approval by the Board of Directors.

Management Organs. 1. The JVC and the Subsidiary shall each set up up, the operation management organ below the Board of Directors and shall cause to take charge of the daily operation management affairs. 2. The Board of Directors of the JVC and the Subsidiary shall each designate one Executive Director to take charge of the daily operation, management and administration. Under the Executive Director, there shall be one General Manager, one Deputy General Manager and one a few senior management officerofficers, if necessary. 3. The Board of Directors of JVC and the Subsidiary shall appoint the person nominated by BIZZ Medical Care as the Executive Director and General Manager and the person nominated by SUN OW as the Deputy General Manager, and shall decide their authority, compensation and dismissal. The initial Executive Director and General Manager shall be Dxxxxxx Xxxx. The initial Deputy General Manager shall be determined by SUN. For other senior management officers, the Board of Directors shall decide the establishment, number, selection, authority, remuneration, dismissal and the like shall be decided and selected by the Board of Directors in accordance with the need in performing the affairs of the JVC and the Subsidiary. 4. The terms of the Executive Director, the General Manager and the Deputy General Manager shall be three (3) years and may be renewed. In the case of replacement during the term, the Party who nominated and sent him shall send thirty (30) days advance notice to the other Party and the Board of Directors, and shall bear all damages caused thereby, and hold other Party harmless. 1. The JVC and the Subsidiary shall each have the system under the guidance of the Board of Directors and the Executive Director shall be the highest person responsible for daily operation and management affairs. The Executive Director may also be appointed as General Manager and therefore act in dual capacity. The Executive Director shall represent the company externally within the scope of authority given by the Board of Directors, and internally shall exercise the authority over daily operation management. In disposing important matters, the Executive Director and General Manager shall consult with the Deputy General Manager. 2. When the General Manager is unable to perform his duties, the Deputy General Manager senior management officers shall perform the duties of the General Manager in his/her behalf. 3. The General Manager shall set up departments within the operation management organ and appoint the department managers to head each department. The department manager shall be responsible for the affairs of department in charge, handle such matters as may be entrusted by the Executive Director, the General Manager and the Deputy General Manager shall be responsible to the Executive Director. 4. The General Manager and Deputy General Manager shall make decision together of the followings: (1) Deciding the management policy, and plans for productionoperation of health center, sale of nutraceuticals and procurement for the long and medium terms. (2) Appointment and dismissal of the managing director and other high-ranking officer of the JVC and the Subsidiary as well as deciding their scope of authority and compensation. (3) Establishment of management control organs, division and branch of the JVC and the Subsidiary as well as deciding and revocation of the authority thereof. (4) Establishment of the standards concerning the labor conditions such as wages of medical and administrative personnel of the JVC and the Subsidiary, and their bonus, welfare and the like. Article 22 The General Manager shall be responsible to the Executive Director directly and shall perform the following listed duties. 1. Submitting the following drafts or plans to the Executive Director and carrying out after approval by the Board of Directors.