Common Contracts

Contract

September 16th, 2020

• Filed
  September 16th, 2020

A task has the meaning given in Clause 2 (Contractual object) of this Contract. Effective Date means the day when this Contract comes in force and produces effects, namely the date when the Company’s competent managerial bodies approve the Mandatee᾽s appointment, as well as his/her remuneration according to this Contract. Final impossibility to fulfil the mandate means any event that prevents the Mandatee to carry out his/her Tasks and other obligations for minimum 90 and maximum 180 consecutive calendar days, including without limitation the arrest the Mandatee by the competent public authorities for reasons pertaining to the Mandatee᾽s mandate according to this Contract. Force Major represents any external event which is unpredictable, absolutely insurmountable and unavoidable which occurs on Romania’s territory and is confirmed as such by competent Romanian authorities. The Party invoking force major shall be in impossibility to fully or partially fulfil his/her total obligations ac