Common use of The Ordinary General Meeting of Shareholders Clause in Contracts

The Ordinary General Meeting of Shareholders. ▪ shall assign the distributable annual profit, less the preferred dividend (dividende préciputaire) to the general partners, to the creation of optional reserves, the retained earnings account and/or the distribution of a dividend to shareholders; ▪ may decide to distribute monies deducted from the reserves and premiums at its disposal; however, dividends shall first be deducted from the distributable annual profit; ▪ may decide, for any dividend distributions, interim dividend payments or distributions from reserves or premiums; or for any reductions of capital, that said distributions or reductions of capital shall be made, in whole or in part, in kind by transferring the Company’s securities held as investments or its assets; and ▪ may offer an option between payment in cash or in shares for all or some of the dividend or interim dividend payment distributed to shareholders.