Meetings of the Managing Board Clause Samples

Meetings of the Managing Board. The Managing Board shall meet no less frequently than quarterly at such place and time as shall be determined by a majority of the Managers. Unless otherwise agreed by the Managers, the location of the meetings shall rotate, with one meeting held in Tainan, Taiwan, and the next held in Bedford, Massachusetts. Special meetings of the Managing Board shall be called at the direction of the Chairman, the Chief Executive Officer, or one or more Managers, and for reasonable cause shown (which is understood to include, without limitation, any meeting called by a Manager to review any determination made by the Company pursuant to this Agreement), upon not less than ten (10) Business Days' notice given by the Chairman, the Chief Executive Officer, or the Secretary of the Company (which officers shall give such notice if properly directed so to do as aforesaid). Emergency meetings of the Managing Board may be held upon not less than one (1) Business Day's telephone notice specifying in reasonable detail the nature of such emergency (to be confirmed by written telecopier notice) by any Manager, the Chairman, the Chief Executive Officer or the Secretary of the Company.