Common use of REA Director Clause in Contracts

REA Director. one person appointed by REA, provided that REA holds at least 7.5 per cent. of the issued share capital of the Company and subject always to Clause 6. 6.1. The person appointed by REA pursuant to this Clause 3.1.3 must fulfil or comply with the following requirements (as the case may be): (i) such person not having been previously appointed to, or been a director of, the board of directors of 00.xx (“00.xx Board”) or has not had and does not have access to any competitively sensitive information relating to 00.xx; or (ii) if such person has previously been a director on the 00.xx Board or has had access to competitively sensitive information relating to 00.xx, then such person shall not be involved or participate in, and shall be required to recuse himself / herself from all and any pricing or commercial decisions relating to the business of Group for a period of six months commencing from the date of his / her appointment to the Board; and

REA Director. one person appointed by REA, provided that REA holds at least 7.5 per cent. of the issued share capital of the Company and subject always to Clause 6. 6.16.6.1. The person appointed by REA pursuant to this Clause 3.1.3 must fulfil or comply with the following requirements (as the case may be): (i) such person not having been previously appointed to, or been a director of, the board of directors of 00.xx (“00.xx Board”) or has not had and does not have access to any competitively sensitive information relating to 00.xx; or (ii) if such person has previously been a director on the 00.xx Board or has had access to competitively sensitive information relating to 00.xx, then such person shall not be involved or participate in, and shall be required to recuse himself / herself from all and any pricing or commercial decisions relating to the business of Group for a period of six months commencing from the date of his / her appointment to the Board; and