Managing Directors. 86. The Directors may, from time to time, appoint one or more of their body (but not an alternate Director) to the office of Managing Director for such term and at such remuneration (whether by way of salary, or commission, or participation in profits, or partly in one way and partly in another) as they may think fit but his appointment shall be subject to determination ipso facto if he ceases from any cause to be a Director and no alternate Director appointed by him can act in his stead as a Director or Managing Director.
Appears in 4 contracts
Samples: Shareholders’ Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp)
Managing Directors. 8682. The Directors may, from time to time, appoint one or more of their body (but not an alternate Director) to the office of Managing Director for such term and at such remuneration (whether by way of salary, or commission, or participation in profits, or partly in one way and partly in another) as they may think fit but his appointment shall be subject to determination ipso facto if he ceases from any cause to be a Director and no alternate Director appointed by him can act in his stead as a Director or Managing Director.
Appears in 2 contracts
Samples: Share Purchase Agreement (China Mobile Games & Entertainment Group LTD), Shareholders Agreement (LDK Solar Co., Ltd.)
Managing Directors. 8697. The Directors may, from time to time, appoint one or more of their body (but not an alternate Director) to the office of Managing Director for such term and at such remuneration (whether by way of salary, or commission, or participation in profits, or partly in one way and partly in another) as they may think fit but his such appointment shall be subject to determination ipso facto if he the Director ceases from any cause to be a Director and no alternate Director appointed by him such Director can act in his or her stead as a Director or Managing Director.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Id Arizona Corp.), Agreement and Plan of Merger (Ideation Acquisition Corp.)
Managing Directors. 8684. The Directors may, from time to time, appoint one or more of their body (but not an alternate Director) to the office of Managing Director for such term and at such remuneration (whether by way of salary, or commission, or participation in profits, or partly in one way and partly in another) as they may think fit but his appointment shall be subject to determination ipso facto if he ceases from any cause to be a Director and no alternate Director appointed by him can act in his stead as a Director or Managing Director.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Pacifico Acquisition Corp.)
Managing Directors. 8687. The Directors may, from time to time, appoint one or more of their body (but not an alternate Director) to the office of Managing Director for such term and at such remuneration (whether by way of salary, or commission, or participation in profits, or partly in one way and partly in another) as they may think fit but his appointment shall be subject to determination ipso facto if he ceases from any cause to be a Director and no alternate Director appointed by him can act in his stead as a Director or Managing Director.
Appears in 1 contract
Samples: Agreement and Plan of Merger
