Common use of Senior Management and Boards of Directors Clause in Contracts

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that is an investment of an investor of the otherParty appoint to senior management positions individuals ofany particular nationality. 2. A Party may require that a majority of the board ofdirectors, or any committee thereof, of an enterprise ofthat Party that is an investment of an investor of theother Party, be of a particular nationality, or resident ofthe Party, provided that the requirement does notmaterially impair the ability of the investor to exercisecontrol over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty appoint to senior management positions individuals ofany natural persons of any particular nationality. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of thatParty that Party that is an investment of an investor of the otherParty other Party appoint to senior management positions individuals ofany of any particular nationality. 2. A Party may require that a majority of the board ofdirectors, of directors or any committee thereofequivalent organs of administration, of an enterprise ofthat of that Party that is an investment of an investor of theother the other Party, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty appoint to senior management positions individuals ofany natural persons of any particular nationality/citizenship. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, be of a particular nationality/citizenship, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor of the other Party to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither a Party may shall not require that an enterprise of thatParty that Party, that is an investment of an investor of the otherParty also a covered investment, appoint to senior management positions individuals ofany or board of director positions, natural persons of any particular nationality. 2. A Party may require that a majority of the board ofdirectors, or any committee thereof, of an enterprise ofthat Party that is an investment of an investor of theother Party, be of a particular nationality, or resident ofthe Party, provided that the requirement does notmaterially impair the ability of the investor to exercisecontrol over its investment.Section D Investment protection

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty appoint to senior management positions individuals ofany natural persons of any particular nationality. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty appoint to senior management positions individuals ofany natural persons of any particular nationality. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor of the other Party to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of thatParty that Party that is an investment of an investor of the otherParty other Party appoint to senior management positions individuals ofany of any particular nationality. 2. A Party may require that a majority of the board ofdirectors, or any committee thereofof directors, of an enterprise ofthat of that Party that is an investment of an investor of theother the other Party, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty to appoint to senior management positions individuals ofany natural persons of a particular nationality. 2. A Party may require that a the majority of members of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, to be of a particular nationality, or to be resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may shall require that an enterprise of thatParty that Party that is an a covered investment of an investor of the otherParty appoint to a senior management positions individuals ofany position a natural person of any particular nationality. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother Partya covered investment, be of a particular nationality, nationality or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.. Article 9.12:

Senior Management and Boards of Directors. 1164. Neither Party may require that an enterprise of thatParty that Party that is an investment of an investor of the otherParty other Party appoint to senior management positions individuals ofany of any particular nationality. 2165. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother the other Party, be of a particular nationality, or resident ofthe of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that Party that is an investment of an investor of the otherParty other Party appoint to senior management positions individuals ofany of any particular nationality. 2. A Party may require that a majority of the board ofdirectorsof directors, or any committee thereof, of an enterprise ofthat of that Party that is an investment of an investor of theother the other Party, be of a particular nationality, or resident ofthe in the territory of the Party, provided that the requirement does notmaterially not materially impair the ability of the investor to exercisecontrol exercise control over its investment.