Common use of OPTED DIRECTORS Clause in Contracts

OPTED DIRECTORS. The Directors may appoint Co-opted Directors. A ‘Co-opted Director’ means a person who is appointed to be a Director by being Co-opted by Directors who have not themselves been so appointed. The Directors may not co-opt an employee of the Company as a Co-opted Director if thereby the number of Directors who are employees of the Company would exceed one third of the total number of Directors. 59 – 63. Not used.

OPTED DIRECTORS. 58A. The Directors may on a unanimous vote, appoint up to 3 Co-opted Directors. A ‘Co-opted Director’ means a person who is appointed to be a Director by being Co-Co- opted by Directors who have not themselves been so appointed. The Directors may not co-opt an employee of the Company as a Co-opted Director if thereby the number of Directors who are employees of the Company would exceed one third of the total number of Directors. 59 – 63. Not used.Directors including the Federation Principal APPOINTMENT OF ADDITIONAL DIRECTORS

OPTED DIRECTORS. The Directors may appoint up to three Co-opted Directors. A ‘“Co-opted Director’ ” means a person who is appointed to be a Director by being Co-Co- opted by Directors who have not themselves been so appointed. The Directors may not co-opt an employee of the Company as a Co-opted Director if thereby the number of Directors who are employees of the Company would exceed one third of the total number of Directors. 59 – 63. Not usedDirectors (including the Principals and the Chief Executive Officer).

OPTED DIRECTORS. The Directors may appoint up to 3 Co-opted Directors. A ‘Co-opted Director’ means a person who is appointed to be a Director by being Co-opted by Directors who have not themselves been so appointed. The Directors may not co-opt an employee of the Company as a Co-opted Director if thereby the number of Directors who are employees of the Company would exceed one third of the total number of Directors. 59 – 63. Not used.