Common use of The Committees Clause in Contracts

The Committees. a) At least one of the HFSF’s Representatives should be appointed as member of the Board Committees. b) The HFSF’s Representatives will have the following rights in the Board Committees: i. To include items in the agenda of a Board Committee meeting scheduled. For this purpose, the HFSF Representatives will submit in writing to the Chairman of the Board Committee the proposed additional items of the agenda at least one (1) day prior to the date of the Board Committee meeting. ii. To request that the Board Committee is convened within the next seven (7) days from the HFSF Representatives’ written request to the Chairman of the Board Committee. The relevant request shall be addressed to the Chairman of the Board Committee in writing and include the proposed items on the agenda. If the Chairman of the Board Committee does not proceed to the convocation of the Board Committee within the above deadline or does not include all the proposed items in the invitation, then the HFSF Representatives shall be entitled to convoke the Board Committee within five (5) days as of the expiry of the above seven (7) days period. Such invitation shall be notified to all the members of the Board Committee. c) The Bank shall inform the HFSF Representatives on the activities and decisions of the Board Committees in which they participate and to that end it shall notify in writing the dates of the Board Committees meetings and the agendas of the meetings. The agendas together with the relevant materials should be sent to the HFSF Representatives by written notice at least three (3) business days prior to the meetings. The Bank shall report to the HFSF the decisions and minutes of the Board Committees meetings within ten (10) business days after the respective meetings. d) The HFSF shall be entitled to appoint an observer with no voting right at the Executive Committee, the Strategic Planning Group, and Sub-committees’ meetings. To that end, the Bank shall notify in writing to the designated observer the dates of the Executive Committee, the Strategic Planning Group and the Sub-committees meetings and the agendas and the supporting information of the meeting at least three (3) business days prior to the meetings. e) The HFSF is entitled to perform an overall evaluation of the Committees’ performance.

The Committees. a) At least one of the HFSF’s Representatives should be appointed as member of the Board Committees. b) The HFSF’s Representatives will have the following rights in the Board Committees: i. To include items in the agenda of a Board Committee meeting scheduled. For this purpose, the HFSF Representatives will submit in writing to the Chairman of the Board Committee the proposed additional items of the agenda at least one (1) day prior to the date of the Board Committee meeting. ii. To request that the Board Committee is convened within the next seven (7) days from the HFSF Representatives’ written request to the Chairman of the Board Committee. The relevant request shall be addressed to the Chairman of the Board Committee in writing and include the proposed items on the agenda. If the Chairman of the Board Committee does not proceed to the convocation of the Board Committee within the above deadline or does not include all the proposed items in the invitation, then the HFSF Representatives shall be entitled to convoke the Board Committee within five (5) days as of the expiry of the above seven (7) days period. Such invitation shall be notified to all the members of the Board Committee. c) The Bank shall inform the HFSF Representatives on the activities and decisions of the Board Committees in which they participate and to that end it shall notify in writing the dates of the Board Committees meetings and the agendas of the meetings. The agendas together with the relevant materials should be sent to the HFSF Representatives by written notice at least three (3) business days prior to the meetings. The Bank shall report to the HFSF the decisions and minutes of the Board Committees meetings within ten (10) business days after the respective meetings. d) The HFSF shall be entitled to appoint an observer with no voting right at the Executive Committee, the Strategic Planning Group, Committee and Sub-committees’ meetings. To that end, the Bank shall notify in writing to the designated observer the dates of the Executive Committee, the Strategic Planning Group Committee and the Sub-committees meetings and the agendas and the supporting information of the meeting at least three (3) business days prior to the meetings. e) The HFSF is entitled to perform an overall evaluation of the Committees’ performance.

The Committees. a) At least one of the HFSF’s HFSF Representatives should be appointed as member members of the Board Committees. b) The HFSF’s HFSF Representatives will have the following rights in the Board Committees: i. To include items in the agenda of a Board Committee meeting scheduled. For this purpose, the HFSF Representatives will submit in writing to the Chairman of the Board Committee the proposed additional items of the agenda at least one (1) day prior to the date of the Board Committee meeting. ii. To request that the Board Committee is convened within the next seven (7) days from the HFSF Representatives’ written request to the Chairman of the Board Committee. The relevant request shall be addressed to the Chairman of the Board Committee in writing and include the proposed items on the agenda. If the Chairman of the Board Committee does not proceed to the convocation of the Board Committee within the above deadline or does not include all the proposed items in the invitation, then the HFSF Representatives shall be entitled to convoke the Board Committee within five (5) days as of the expiry of the above seven (7) days period. Such invitation shall be notified to all the members of the Board Committee. c) The Bank shall inform the HFSF Representatives on the activities and decisions of the Board Committees in which they participate and to that end it shall notify in writing the dates of the Board Committees meetings and the agendas of the meetings. The agendas together with the relevant materials should be sent to the HFSF Representatives by written notice at least three (3) business days prior to the meetings. The Bank shall report to the HFSF Representatives the decisions and minutes of the Board Committees meetings within ten (10) business days after the respective meetings. d) The HFSF shall be entitled to appoint an observer with no voting right at the Executive Committee, the Strategic Planning Group, and Sub-committees’ meetings. To that end, the Bank shall notify in writing to the designated observer the dates of the Executive Committee, the Strategic Planning Group and the Sub-committees meetings and the agendas and the supporting information of the meeting at least three (3) business days prior to the meetings. e) The HFSF is entitled entited to perform an annual overall evaluation of the Committees’ performanceperformance and submit its recommendations to the relevant Committees for the purpose of identifying weaknesses and improving working methods and work effectiveness.

The Committees. a) At least one The HFSF Representative shall be appointed as member in all Committees (including Strategy Committee as applicable). An HFSF Observer will be appointed in all Committees. The HFSF will appoint the HFSF Representative and the Observer or replace them when appropriate by a simple written request addressed to the Chairman of the Board. The appointment of HFSF Representative and Observer is completed immediately from the receipt by the Bank of the HFSF’s Representatives should be appointed as member of the Board Committeeswritten request and no further procedures are required. b) The HFSF’s Representatives HFSF Observer in the Committees shall act as an observer and will have no voting right. c) The Bank shall inform the HFSF Representative and HFSF Observer on the activities and decisions of the Committees in which they participate and to that end it shall notify in writing the dates of the Committees meetings and the agendas of the meetings. The agendas together with the relevant materials should be sent to the HFSF Representative and HFSF Observer by written notice at least five (5) calendar days prior to the meetings. The Bank shall submit to the HFSF Representative the decisions and minutes of the Committees’ meetings as soon as finalized but not later than ten (10) calendar days after the meeting. d) The HFSF Representative will have the following rights in the Board Committeesright: i. To include items in the agenda of a Board scheduled Committee meeting scheduledmeeting. For this purpose, the HFSF Representatives Representative will submit in writing to the Chairman of the Board Committee the proposed additional items of the agenda at least one (1) day prior to the date of the Board Committee meeting. ii. To request that the Board Committee is convened within the next seven (7) calendar days from the HFSF RepresentativesRepresentative’ written request to the Chairman of the Board Committee. The relevant request shall be addressed to the Chairman of the Board Committee in writing and include the proposed items on of the agenda. If the Chairman of the Board Committee does not proceed to the convocation of the Board Committee within the above deadline or does not include all the proposed items in the invitation, then the HFSF Representatives Representative shall be entitled to convoke the Board Committee within five (5) days as of the expiry of the above seven (7) days period. Such invitation shall be notified to all the members of the Board Committee. c) The Bank shall inform the HFSF Representatives on the activities Committee and decisions of the Board Committees in which they participate and to that end it shall notify in writing the dates of the Board Committees meetings and the agendas of the meetings. The agendas together with the relevant materials should be sent to the HFSF Representatives by written notice at least three (3) business days prior to the meetings. The Bank shall report to the HFSF the decisions and minutes of the Board Committees meetings within ten (10) business days after the respective meetingsObserver. d) The HFSF shall be entitled to appoint an observer with no voting right at the Executive Committee, the Strategic Planning Group, and Sub-committees’ meetings. To that end, the Bank shall notify in writing to the designated observer the dates of the Executive Committee, the Strategic Planning Group and the Sub-committees meetings and the agendas and the supporting information of the meeting at least three (3) business days prior to the meetings. e) The HFSF is entitled to perform an overall evaluation of the Committees’ performance.