Termination of an NSD Supervisory Board Member’s Powers Sample Clauses

Termination of an NSD Supervisory Board Member’s Powers. An NSD Supervisory Board member’s powers may be terminated at any time by terminating all of the NSD Supervisory Board members’ powers and electing a new Supervisory Board of the Company. The powers of an NSD Supervisory Board mem- ber nominated by Minority Shareholders may be terminated at any time by terminat- ing all of the NSD Supervisory Board members’ powers and electing a new Supervi- sory Board of the Company upon request by at least 50 per cent of Minority Share- holders, by submitting the relevant notice to the Exchange, such notice being signed by all of the Minority Shareholders requesting the termination of powers of such NSD Supervisory Board member. Such notice shall include details (as required by the Laws and the Company’s internal regulations) of a new candidate to the Company’s Supervisory Board nominated to replace the NSD Supervisory Board member whose powers are to be terminated. The quota for the nominated candidate shall be the same as the one for the NSD Supervisory Board member whose powers are being terminated. In this case, the Exchange shall submit a request to the Company to convene the General Meeting of Shareholders and to include such items as the “Ter- mination of NSD Supervisory Board members’ powers” and the “Election of NSD Supervisory Board members” on the agenda of such General Meeting of Sharehold- ers. To give effect to the above provision, Shareholders shall, at the General Meeting of Shareholders convened by the Company’s Supervisory Board upon request by the Exchange, vote for the termination of powers of all of the NSD Supervisory Board members and the election of new NSD Supervisory Board members under the pro- cedure set out in this Agreement. An NSD Supervisory Board member shall only be deemed removed from the Company’s Supervisory Board as soon as the General Meeting of Shareholders has resolved to terminate all of the NSD Supervisory Board members’ powers and elect a new Supervisory Board of the Company.
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Related to Termination of an NSD Supervisory Board Member’s Powers

  • Board Committees The Director hereby agrees to sit in the relevant committees of the Board and to perform all of the duties, services and responsibilities necessary thereunder.

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • Joint Benefits Committee In order to achieve benefit cost reductions, or at a minimum, cost containment, the parties agree to establish and aggressively participate in a Joint Benefits Committee. The parties agree that the Joint Benefits Committee shall explore all potential options or changes that could generate cost reductions to the Benefit Plans with the following order of priorities:

  • Advisory Board (a) The Managing Member may establish an Advisory Board comprised of members of the Managing Member’s expert network and external advisors. The Advisory Board will be available to provide guidance to the Managing Member on the strategy and progress of the Company. Additionally, the Advisory Board may: (i) be consulted with by the Managing Member in connection with the acquisition and disposal of a Series Asset, (ii) conduct an annual review of the Company’s acquisition policy, (iii) provide guidance with respect to, material conflicts arising or that are reasonably likely to arise with the Managing Member, on the one hand, and the Company, a Series or the Economic Members, on the other hand, or the Company or a Series, on the one hand, and another Series, on the other hand, (iv) approve any material transaction between the Company or a Series and the Managing Member or any of its Affiliates, another Series or an Economic Member (other than the purchase of interests in such Series), (v) provide guidance with respect to the appropriate levels of annual fleet level insurance costs and maintenance costs specific to each individual Series Asset, and review fees, expenses, assets, revenues and availability of funds for distribution with respect to each Series on an annual basis and (vi) approve any service providers appointed by the Managing Member in respect of the Series Assets.

  • Labour Management Committee (a) Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour-Management Committee Meeting during the term of this Agreement, the following shall apply.

  • Notice and Redeployment Committee (a) Notice In the event of a proposed layoff at the Hospital of a permanent or long-term nature or the elimination of a position within the bargaining unit, the Hospital shall:

  • The Board 6.1 The appointment, dismissal and conduct of the Board shall be regulated in accordance with this agreement and the Articles.

  • Nurse Representatives & Grievance Committee (a) The Hospital agrees to recognize Association representatives to be elected or appointed from amongst nurses in the bargaining unit for the purpose of dealing with Association business as provided in this Collective Agreement. The number of representatives and the areas which they represent are set out in the Appendix of Local Provisions.

  • JOINT LABOUR MANAGEMENT COMMITTEE 18.01 A Joint Labour Management Committee shall be established to attend to those matters which are of mutual interest. To ensure its effectiveness the Committee shall be separate and apart from the grievance procedure.

  • TRANSITION COMMITTEE 8.1.0 A transition committee comprised of the employee representatives and the employer representatives, including the Crown, will be established by January 31, 2016 to address all matters that may arise in the creation of the Trust.

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