Common use of Officers; Employees Clause in Contracts

Officers; Employees. (a) Unless otherwise mutually agreed by the Shareholders, the Directors of the Company with specific titles shall be designated as: the Representative Director/President/Chief Executive Officer (“President”) and the Representative Director/Executive Vice President (“Executive Vice President”). The President and Executive Vice President shall be elected by the Board of Directors and serve three successive one-year terms, with the first EXECUTION VERSION such set of terms ending at complete adjournment of the annual meeting of Shareholders for the fiscal year last to end within one (1) year after his or her assumption of the officership. Toshiba shall have the right to nominate the first President and SanDisk shall have the right to nominate the first Executive Vice President, and then the Shareholders will then alternate such nominating rights for each three year term for such positions. Each nominee for the President and for the Executive Vice President shall be subject to the consent of the non-nominating Shareholder, which consent shall not unreasonably be withheld. In addition to the President and Executive Vice President, the Board of Directors may appoint such other officers from time to time as it deems necessary or advisable in the conduct of the business and affairs of the Company. Any individual may hold more than one office.

Officers; Employees. (a) Unless otherwise mutually agreed by the ShareholdersUnitholders, the Directors of the Company with specific titles shall be designated as: the Representative Director/President/Chief Executive Officer (“"President”") and the Representative Director/Executive Vice President (“"Executive Vice President”"). The President and Executive Vice President shall be elected by the Board of Directors and serve three successive one-year terms, with the first EXECUTION VERSION such set of terms ending at complete adjournment of the annual meeting of Shareholders Unitholders for the fiscal year last to end within one (1) year after his or her assumption of the officership. Toshiba shall have the right to nominate the first President and SanDisk shall have the right to nominate the first Executive Vice President, and then the Shareholders Unitholders will then alternate such nominating rights for each three year term for such positions. Each nominee for the President and for the Executive Vice President shall be subject to the consent of the non-nominating ShareholderUnitholder, which consent shall not unreasonably be withheld. In addition to the President and Executive Vice President, the Board of Directors may appoint such other officers from time to time as it deems necessary or advisable in the conduct of the business and affairs of the Company. Any individual may hold more than one office.

Officers; Employees. (a) Unless otherwise mutually agreed by the Shareholders, the Directors of the Company with specific titles shall be designated as: as the Representative Director/President/Chief Executive Officer (“"President”") and the Representative Director/Executive Vice President EXECUTION VERSION (“"Executive Vice President”"). The President and Executive Vice President shall be elected by the Board of Directors and serve three successive one-year terms, with the first EXECUTION VERSION such set of terms ending at complete adjournment of the annual meeting of Shareholders for the fiscal year last to end within one (1) year after his or 01· her assumption of the officership. Toshiba shall have the right to nominate the first President and SanDisk shall have the right to nominate the first Executive Vice President, and then the Shareholders will then alternate such nominating rights for each three year term for such positions. Each nominee for the President and for the Executive Vice President shall be subject to the consent of the non-nominating Shareholder, which consent shall not unreasonably be withheld. In addition to the President and Executive Vice President, the Board of Directors may appoint such other officers from time to time as it deems necessary or advisable in the conduct of the business and affairs of the Company. Any individual may hold more than one office.,