Amendments to the Shareholder Agreement. 3.1 The Shareholder Agreement is hereby amended, effective in accordance with Section 2 of this Agreement, by:
Amendments to the Shareholder Agreement. Any amendment, change or waiver of the Shareholders’ Agreement shall not be valid or binding if not drawn up as a written deed, signed by all Parties, unless mandatory law requires a stricter form. No waiver concerning a clause of the Shareholders’ Agreement shall be deemed to be waiver of the other clauses, unless otherwise agreed.
Amendments to the Shareholder Agreement. 2.1 Section 7.5 of the Shareholder Agreement – board of directors Section 7.5 (a) of the Shareholder Agreement is amended as follows: Xxxxxxx’s board of directors must have a professional composition. The ambition is to have an orderly board whose members complement one another in terms of expertise and otherwise, and collectively make up a board of a high standard, both technically and otherwise. The fees offered to members will be based on market terms to reflect this level of ambition. The board will have up to sixeight shareholder-elected members, plus representatives elected by and from employees. Hafslund E-COEco and Innlandet Energi Holding are each entitled to appoint up to threefour members, but must seek consensus on the composition of the board. Those elected to the board must have the capacity to carry out the associated tasks. Employees of the Eidsiva group may not be elected as shareholder-elected members.
