MANAGEMENT STRUCTURES. 10.1 The Company shall have a management organization that is under the leadership of the CEO, who shall be an individual nominated by the Shareholder holding the largest number of Ordinary Shares of the Company and appointed by the Board. In the event that Tianyuan is operating a CTVH Exploration Program, CTVH shall have the right to remove and nominate the CEO. 10.2 The Company shall cause Tianyuan to set up a management organization that is under the leadership of the General Manager, who shall be an individual nominated by the CEO of the Company and appointed by the Tianyuan Board by simple majority vote. 10.3 In the event that Tianyuan is operating a CTVH Exploration Program, CTVH shall have the right to remove any of the personnel of Tianyuan and appoint replacement personnel for the duration of the CTVH Exploration Program.
Appears in 3 contracts
Samples: Shareholder Agreement (Continental Minerals Corp), Shareholders Agreement (China Nettv Holdings Inc), Shareholder Agreement (China Nettv Holdings Inc)
MANAGEMENT STRUCTURES. 10.1 The Company shall have a management organization that is under the leadership of the CEO, who shall be an individual nominated by the Shareholder holding the largest number of Ordinary Shares of the Company and appointed by the Board. In the event that Tianyuan Tian Yuan is operating a CTVH Exploration Program, CTVH shall have the right to remove and nominate the CEO.
10.2 The Company shall cause Tianyuan Tian Yuan to set up a management organization that is under the leadership of the General Manager, who shall be an individual nominated by the CEO of the Company and appointed by the Tianyuan Tian Yuan Board by simple majority vote.
10.3 In the event that Tianyuan Tian Yuan is operating a CTVH Exploration Program, CTVH shall have the right to remove any of the personnel of Tianyuan Tian Yuan and appoint replacement personnel for the duration of the CTVH Exploration Program.
Appears in 1 contract
