Managing Board. Supervisory board.
Managing Board. (A) Cause a proportionate number of the Managing Directors nominated by it to the Managing Board to resign by having such Managing Directors to deliver their resignation letters to the Company (with a copy to the other Group) in which case the Shareholder belonging to the diluted Group shall exercise its voting rights in the relevant Shareholders Meeting to appoint the replacement Managing Directors nominated by binding nomination of the non-diluted Group. For purposes of the foregoing, the proportionate number of Managing Directors shall be calculated as follows, based on the percentage of Company Shares which a Group holds in the total issued and outstanding share capital of the Company: 0 % up to 10 % minus 1 share: no Managing Directors; 10% up to 20 % minus 1 share: 1 (one) Managing Director; 20% up to 40 % minus 1 share: 1 (one) Managing Director; 40% up to and including 60%: 2 (two) Managing Directors; 60 % plus 1 share up to and including 80 %: 3 (three) Managing Directors; 80 % plus 1 share up to and including 90%: 3 (three) Managing Directors; 90 % plus 1 share up to and including 100%: 4 (four) Managing Directors, (decimal amounts to be rounded up or down to the nearest whole number);
Managing Board. (a) Except as provided herein or in the Joint Venture Agreement, the Managing Board shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities which the Managing Board deems necessary, useful or appropriate for the management and conduct of the Company's business and affairs.
Managing Board. (a) Forthwith upon execution of this Agreement, the Venturers shall form and constitute a managing board (the “Managing Board”) which shall have responsibility for the general day to day operation and administration of the Joint Venture. The Managing Board shall decide all matters of policy relating to the business of the Joint Venture. The Managing Board’s duties shall be as set out and described in the incorporating documents of the Corporation.
Managing Board. (a) Subject to the provisions contained in Section 6.03, the power to direct the business and affairs and general policies of the Company and its subsidiaries, if any, shall be vested exclusively in a managing board (the "Managing Board"). The Managing Board shall consist of six members, three of whom shall be designated by DFI (the "DLL Designees") and three of whom shall be designated by AAC (the "AAC Designees"). Each member of the Managing Board shall hereinafter be referred to as a "Director". DFI shall designate one of the DLL Designees to act as the Chair (the "Chair") of the Managing Board, and the Chair shall preside at all meetings of the Managing Board. The DLL Designees shall serve at the pleasure of DFI, and the AAC Designees shall serve at the pleasure of AAC. Any Director may be removed from the Managing Board only by the Member that appointed him or her, in such Member's sole discretion and for any reason or for no reason, by delivering written notice of such removal to the Company and the other Member.
Managing Board. 12 Section 3.2 Officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Managing Board. 6.1 Each member Association will be represented by one member in the Managing Board with voting rights equal to its corresponding voting rights in the GA. Membership in the MB is restricted to two four‐year terms .
Managing Board. Article 12.
Managing Board. Article 24.
Managing Board. At the Effective Time, the members of the managing board of XO LLC designated as such in the LLC Agreement shall be the members of the managing board of the Surviving Entity until their successors are duly elected and qualified.
