Common use of Ordinary Meeting of the Board of Directors Clause in Contracts

Ordinary Meeting of the Board of Directors. The Ordinary Meeting of the Board of Directors shall be held quarterly, and an Extraordinary Meeting of the Board of Directors shall be held when necessary, both of which shall be convened in accordance with the provisions of the Articles of Incorporation. To the extent then permitted by the Commercial Code or prevailing interpretation thereof, any meeting of the Board of Directors may be held by interactive video conference or other similar electronic or telephonic means, and any action that may be taken by the Board of Directors at a meeting thereof (whether in person or video conference) may be effected in lieu of such meeting by a unanimous written consent resolution executed by each member of the Board of Directors. The parties hereto confirm that the prevailing interpretation in Japan is that meetings of boards of directors may be held by interactive video conference. For any proposed meeting of the Board of Directors for which SPAR requests, PALTAC and SPAR shall cooperaxx xx arrange for such meetings to be held by video conference. A written record in Japanese of all meetings of the Board of Directors and all decisions made by it together with English translation thereof shall be made as promptly as practicable after each meeting of the Board of Directors by one of the Directors selected by the Board of Directors at each meeting, kept in the records of the Company and signed or sealed by each of the Directors.

Ordinary Meeting of the Board of Directors. The Ordinary Meeting of the Board of Directors shall be held quarterly, at least quarterly and an Extraordinary Meeting a special meeting of the Board of Directors shall may be held when necessary, both of which shall be convened in accordance with the provisions of the Articles of Incorporation. To the extent then permitted by the Commercial Code or prevailing interpretation thereofpermitted, any meeting of the Board of Directors may be held by interactive video conference or other similar electronic or telephonic means, and any action that may be taken by the Board of Directors at a meeting thereof (whether in person person, video conference or video conferenceby telephonic means) may be effected in lieu of such meeting by a unanimous written consent resolution executed by each member of the Board of Directors. The parties hereto confirm that the prevailing interpretation in Japan Territory is that meetings of boards of directors may be held by interactive video conferenceconference or telephonic means. For any proposed meeting of the Board of Directors for which SPAR requests, PALTAC TODOPROMO and SPAR shall cooperaxx xx cooperate to arrange for such meetings to be held by video conference. A written record in Japanese Spanish of all meetings of the Board of Directors and all decisions made by it together with English translation thereof shall be made as promptly as practicable after each meeting of the Board of Directors by one of the Directors selected by the Board of Directors at each meetingDirectors, kept in the records of the Company and signed or sealed by each of the DirectorsDirectors and kept in the records of the Company.

Ordinary Meeting of the Board of Directors. The Ordinary Meeting of the Board of Directors shall be held quarterlysemiannually, and an Extraordinary Meeting of the Board of Directors shall be held when necessary, both of which shall be convened in accordance with the provisions of the Articles of IncorporationAssociation. To the extent then permitted by the Commercial Code or prevailing interpretation thereofpermitted, any meeting of the Board of Directors may be held by interactive telephone conference, video conference or other similar electronic or telephonic means, and any action that may be taken by the Board of Directors at a meeting thereof (whether in person or video conference) may be effected in lieu of such meeting by a unanimous written consent resolution executed by each member of the Board of Directors. The parties Parties hereto confirm that the prevailing interpretation in Japan Lithuania is that meetings of boards of directors may be held by interactive video telephone conference. For any proposed meeting of the Board of Directors for which SPAR requests, PALTAC the New Company and SPAR shall cooperaxx xx cooperate to arrange for such meetings to be held by video telephone conference. A written record in Japanese Lithuanian of all meetings of the Board of Directors and all decisions made by it together with English translation thereof shall be made as promptly as practicable after each meeting of the Board of Directors by one of the Directors Board selected by the Board of Directors at each meeting, kept in the records of the Company and signed or sealed by each of the Directors.

Ordinary Meeting of the Board of Directors. The Ordinary Meeting of the Board of Directors shall may be held quarterly, [unless there is a statutory requirement I do not want to require quarterly meetings] and an Extraordinary Meeting of the Board board of Directors shall be held when necessary, both of which shall be convened in accordance with the provisions of the Articles of Incorporation. To the extent then permitted by the Commercial Code or prevailing interpretation thereofpermitted, any meeting of the Board of Directors may be held and attended by telephone, by interactive video conference or other similar electronic or telephonic means, and any action that may be taken or resolved by the Board of Directors at a meeting thereof (whether in person person, by telephone or video conference) may be effected in lieu of such meeting by a unanimous written consent resolution executed by each member of the Board of Directorsso taken or resolved. The parties hereto confirm that the prevailing interpretation in Japan Territory is that meetings of boards of directors may be held by interactive video conferencevideoconference or by telephonic or electronic means. For any proposed meeting of the Board of Directors for which SPAR requests, PALTAC New Company and SPAR shall cooperaxx xx cooperate to arrange for such meetings to be held by telephone or by video conference. A written record in Japanese English of all meetings of the Board of Directors and all decisions made by it together with English translation thereof shall be made as promptly as practicable after each meeting of the Board of Directors by one of the Directors Board selected by the Board of Directors at each meeting, kept in the records of the Company and signed or sealed by each of the Directors.

Ordinary Meeting of the Board of Directors. The Ordinary Meeting of the Board of Directors shall be held quarterly, and an Extraordinary Meeting of the Board board of Directors shall be held when necessary, both of which shall be convened in accordance with the provisions of the Articles of Incorporation. To the extent then permitted by the Commercial Code or prevailing interpretation thereofpermitted, any meeting of the Board of Directors may be held by interactive video conference or other similar electronic or telephonic means, and any action that may be taken by the Board of Directors at a meeting thereof (whether in person or video conference) may be effected in lieu of such meeting by a unanimous written consent resolution executed by each member of the Board of Directors. The parties hereto confirm that the prevailing interpretation in Japan Territory is that meetings of boards of directors may be held by interactive video conferencevideoconference. For any proposed meeting of the Board of Directors for which SPAR requests, PALTAC SPAR Turkey Ltd and SPAR shall cooperaxx xx cooperate to arrange for such meetings to be held by video conference. A written record in Japanese Turkish of all meetings of the Board of Directors and all decisions made maybe by it together with English translation thereof shall be made as promptly as practicable after each meeting of the Board of Directors by one of the Directors Board selected by the Board of Directors at each meeting, kept in the records of the Company and signed or sealed by each of the Directors.