Common use of Meetings of Beneficiaries Clause in Contracts

Meetings of Beneficiaries. 20.1. The Trustees shall procure that meetings of the Beneficiaries are held at least once a year, and as and when the Trustees deem fit. At these meetings the Trustees shall present to the Beneficiaries the annual financial statements of the Trust and, to the extent they deem it necessary and appropriate having regard to their fiduciary duties, shall seek the views of, consult with, and where appropriate take directions from Beneficiaries in respect of their interests held by the Trust. 20.2. In respect of all meetings of the Beneficiaries: 20.2.1. such meetings shall be held at such suitable venue as the Trustees may determine and obtain; 20.2.2. the Trustees shall give not less than 14 (fourteen) days’ written notice to all Beneficiaries, or such shorter notice as may be agreed by all the Beneficiaries in writing; 20.2.3. a minimum number of 50 (fifty) Employee Beneficiaries shall constitute a quorum; 20.2.4. if within 30 (thirty) minutes from the time appointed for a meeting a quorum is not present, the meeting shall stand adjourned to a date to be determined by the Trustees (which date shall not be earlier than 7 (seven) days and not later than 14 (fourteen) days after the date of the meeting) at the same time and place, (or if such place not be available, at such other place as the Trustees may appoint), and all the Beneficiaries shall be notified in writing of the date, time and place of the adjourned meeting. If at such adjournment of any such meeting a quorum is not present within 30 (thirty) minutes from the time appointed for the adjourned meeting, those present at such meeting shall constitute a quorum. The agenda for any adjourned meeting shall be the same agenda as for the meeting which was originally scheduled; 20.2.5. the meetings shall be chaired by the Trustees on a rotational basis annually, with the Company Appointed Trustee being the first chairperson for the first year from the Commencement Date and the Elected Trustee being the second chairperson; 20.2.6. each Beneficiary shall be entitled to appoint, in writing, a proxy to represent him; 20.2.7. each Beneficiary shall have 1 (one) vote for each Scheme Share in respect of which at the relevant time he has Vested Rights; and 20.2.8. the Trustees shall keep minutes of the meetings of Beneficiaries in writing and such minutes and resolutions passed by the Beneficiaries shall be duly signed by the Chairperson of the meeting and such minutes shall be available on written request to any Beneficiary at the Trust’s domicilium address during normal business hours. 20.3. Nothing contained in this clause 20 (Meetings of Beneficiaries) shall prevent the Trustees from exercising their discretion as Trustees.

Meetings of Beneficiaries. 20.1‌ 33.1. The Trustees shall procure that meetings of the Beneficiaries are held at least once a year, and as and when the Trustees deem fit. At these meetings the yearly meetings, the Trustees shall present to the Beneficiaries the annual financial statements of the Trust and, to the extent they deem it necessary and appropriate having regard to their fiduciary duties, shall seek the views of, consult with, with and where appropriate take directions from Beneficiaries in respect of their interests held by the Trust. 20.233.2. In respect of all meetings of the BeneficiariesBeneficiaries relevant to their respective Entitlement Assets: 20.2.133.2.1. such meetings shall be held at such suitable venue as the Trustees may determine and obtain; 20.2.233.2.2. the Trustees shall give not less than 14 21 (fourteentwenty one) clear days’ ' written notice to all Beneficiaries, or such shorter notice as may be agreed by all the Beneficiaries in writing; 20.2.333.2.3. a minimum number of 50 10 (fiftyten) Employee Beneficiaries Beneficiaries, attending in person or by proxy, shall constitute a quorum; 20.2.433.2.4. if within 30 (thirty) minutes from the time appointed for a meeting a quorum is not present, the meeting shall stand adjourned to a date to be determined by the Trustees (which date shall not be earlier than 7 (seven) days and not later than 14 (fourteen) days after the date of the meeting) meeting at the same time and place, (or if such place not be available, at such other place as the Trustees may appoint), appoint and all notify the Beneficiaries shall be notified in writing of the date, time and place of the adjourned meetingwriting). If at such adjournment of any such meeting a quorum is not present within 30 (thirty) minutes from the time appointed for the adjourned meeting, those present at such meeting shall constitute a quorum. The agenda for any adjourned meeting shall be the same agenda as for the meeting which was originally scheduled; 20.2.533.2.5. the meetings shall be chaired by the Trustees on a rotational basis annually, with one of the Company Sasol Appointed Trustee Trustees being the first chairperson for the first year from the Commencement Effective Date and one of the two Elected Trustee being Trustees chosen by lot to be the second chairperson, and so on in rotation; 20.2.633.2.6. each Beneficiary shall be entitled to appoint, in writing, a proxy to represent him/her; 20.2.733.2.7. each Beneficiary shall have 1 (one) vote for each Scheme Plan Share in respect of which at the relevant time s/he has Vested Rights; and 20.2.833.2.8. the Trustees shall keep minutes of the meetings of Beneficiaries in writing and such minutes and resolutions passed by the Beneficiaries shall be duly signed by the Chairperson chairperson of the meeting and such minutes shall be available on written request to any Beneficiary at the Trust’s 's domicilium address during normal business hours. 20.333.3. Nothing contained in this clause 20 (Meetings of Beneficiaries) 33 shall prevent the Trustees from exercising their discretion as Trustees.

Meetings of Beneficiaries. 20.133.1. The Trustees shall procure that meetings of the Beneficiaries are held at least once a year, and as and when the Trustees deem fit. At these meetings the yearly meetings, the Trustees shall present to the Beneficiaries the annual financial statements of the Trust and, to the extent they deem it necessary and appropriate having regard to their fiduciary duties, shall seek the views of, consult with, with and where appropriate take directions from Beneficiaries in respect of their interests held by the Trust. 20.233.2. In respect of all meetings of the BeneficiariesBeneficiaries relevant to their respective Entitlement Assets: 20.2.133.2.1. such meetings shall be held at such suitable venue as the Trustees may determine and obtain; 20.2.233.2.2. the Trustees shall give not less than 14 21 (fourteentwenty one) clear days’ written notice to all Beneficiaries, or such shorter notice as may be agreed by all the Beneficiaries in writing; 20.2.333.2.3. a minimum number of 50 10 (fiftyten) Employee Beneficiaries Beneficiaries, attending in person or by proxy, shall constitute a quorum; 20.2.433.2.4. if within 30 (thirty) minutes from the time appointed for a meeting a quorum is not present, the meeting shall stand adjourned to a date to be determined by the Trustees (which date shall not be earlier than 7 (seven) days and not later than 14 (fourteen) days after the date of the meeting) meeting at the same time and place, (or if such place not be available, at such other place as the Trustees may appoint), appoint and all notify the Beneficiaries shall be notified in writing of the date, time and place of the adjourned meetingwriting). If at such adjournment of any such meeting a quorum is not present within 30 (thirty) minutes from the time appointed for the adjourned meeting, those present at such meeting shall constitute a quorum. The agenda for any adjourned meeting shall be the same agenda as for the meeting which was originally scheduled; 20.2.533.2.5. the meetings shall be chaired by the Trustees on a rotational basis annually, with one of the Company Sasol Appointed Trustee Trustees being the first chairperson for the first year from the Commencement Effective Date and one of the two Elected Trustee being Trustees chosen by lot to be the second chairperson, and so on in rotation; 20.2.633.2.6. each Beneficiary shall be entitled to appoint, in writing, a proxy to represent him/her; 20.2.733.2.7. each Beneficiary shall have 1 (one) vote for each Scheme Plan Share in respect of which at the relevant time s/he has Vested Rights; and 20.2.833.2.8. the Trustees shall keep minutes of the meetings of Beneficiaries in writing and such minutes and resolutions passed by the Beneficiaries shall be duly signed by the Chairperson chairperson of the meeting and such minutes shall be available on written request to any Beneficiary at the Trust’s domicilium address during normal business hours. 20.333.3. Nothing contained in this clause 20 (Meetings of Beneficiaries) 33 shall prevent the Trustees from exercising their discretion as Trustees.

Meetings of Beneficiaries. 20.1. The Trustees shall procure that meetings of the Beneficiaries are held at least once a year, and as and when the Trustees deem fit. At these meetings the Trustees shall present to the Beneficiaries the annual financial statements of the Trust and, to the extent they deem it necessary and appropriate having regard to their fiduciary duties, shall seek the views of, consult with, with and where appropriate take directions from Beneficiaries in respect of their interests held by the Trust. 20.2. In respect of all meetings of the Beneficiaries: 20.2.1. such meetings shall be held at such suitable venue as the Trustees may determine and obtain; 20.2.2. the Trustees shall give not less than 14 (fourteen) days’ written notice to all Beneficiaries, or such shorter notice as may be agreed by all the Beneficiaries in writing; 20.2.3. a minimum number of 50 (fifty) Employee Beneficiaries shall constitute a quorum; 20.2.4. if within 30 (thirty) minutes from the time appointed for a meeting a quorum is not present, the meeting shall stand adjourned to a date to be determined by the Trustees (which date shall not be earlier than 7 (seven) days and not later than 14 (fourteen) days after the date of the meeting) at the same time and place, (or if such place not be available, at such other place as the Trustees may appoint), and all the Beneficiaries shall be notified in writing of the date, time and place of the adjourned meeting. If at such adjournment of any such meeting a quorum is not present within 30 (thirty) minutes from the time appointed for the adjourned meeting, those present at such meeting shall constitute a quorum. The agenda for any adjourned meeting shall be the same agenda as for the meeting which was originally scheduled; 20.2.5. the meetings shall be chaired by the Trustees on a rotational basis annually, with the Company Appointed Trustee being the first chairperson for the first year from the Commencement Date and one of the two Elected Trustee Trustees chosen by lot being the second chairperson; 20.2.6. each Beneficiary shall be entitled to appoint, in writing, a proxy to represent him; 20.2.7. each Beneficiary shall have 1 (one) vote for each Scheme Share in respect of which at the relevant time he has Vested Rights; and 20.2.8. the Trustees shall keep minutes of the meetings of Beneficiaries in writing and such minutes and resolutions passed by the Beneficiaries shall be duly signed by the Chairperson of the meeting and such minutes shall be available on written request to any Beneficiary at the Trust’s domicilium address during normal business hours. 20.3. Nothing contained in this clause 20 (Meetings of Beneficiaries) shall prevent the Trustees from exercising their discretion as Trustees.