Examples of Supervisory Council in a sentence
Should any circumstances under which the Independent Supervisory Council Member ceases to meet the criteria for independence arise, the Independent Supervisory Council Member shall notify this to the Company immediately in writing.
By signing this Agreement, the Independent Supervisory Council Member hereby confirms his independence.
For the avoidance of doubt, the Parties explicitly agree that remuneration to the Independent Supervisory Council Member for the development of such items has been included in the remuneration payable to the Independent Supervisory Council Member under this Agreement and the Company may dispose of such items at its own discretion without making any additional payments to the Independent Supervisory Council Member.
Therefore, the Independent Supervisory Council Member shall not be deemed to be an employee of the Company and shall not be subordinate or accountable to the administration of the Company.
The Parties hereby represent that this Agreement creates a civil legal relationship between the Independent Supervisory Council Member and the Company.
The Agreement shall not be interpreted as an agreement creating an employment relationship between the Independent Supervisory Council Member and the Company.
The Independent Supervisory Council Member shall act solely as the Supervisory Council Member under this Agreement and shall assume full responsibility for the performance of its functions and the carrying out of this Agreement.
Should the Independent Supervisory Council Member be unable to attend any meeting of the Supervisory Council, the Independent Supervisory Council Member shall vote in advance in writing or by means of telecommunications equipment according to the procedure laid down in the regulations of the Supervisory Council.
A joint committee consisting of four (4) teachers and four (4) members from the Board and/or Administrative and Supervisory Council shall be established to review all sabbatical leave requests.
In case, a Member of the Supervisory Council of the Company shall be under the legal duty to disclose any Confidential Information in violation of the terms of the present Agreement, the Member of the Supervisory Council of the Company shall no later than on the same day that he got informed of the said duty, notify the Company about it.