Common use of Power of the Board Clause in Contracts

Power of the Board. 第10条 董事会的权力 10.1 The Board is the highest authority of the JV Company and shall have the powers and duties for the overall management and operation of the JV Company as set forth in the applicable Laws, this Contract, Appendix A. Any resolutions (except for the Reserved Matters provided under Article 10.2) shall be adopted by an affirmative vote of at least simple majority of the Directors present (in person or by proxy) at a duly convened Board Meeting, among which shall include at least one (1) Director of Hepalink and one (1) Director of Aridis. 董事会是合资公司的最高权力机关，具有相关法律、本合同和附属合同A中规定的全面管理和经营合资公司的权力和职责。任何决议(第 10.2款项下规定的保留事项除外)应由正式召开的董事会会议的与会董事（无论是亲自或派代理人参加）投票表决通过，中至少简单多数（即超过半数）投票表决通过，其中须包括至少一（1）名海普瑞的董事和一（1）名Aridis的董事。 10.2 Unless otherwise agreed among the Parties in writing, the following matters (the “Reserved Matters”) shall require an unanimous approval of the Board: 除非合同各方另有书面约定，对下列事项(“保留事项”)的批准应由董事会一致同意： (1) approval of any agreements, documents or other arrangements between or involving the JV Company and any shareholder or affiliate thereof, as well as any amendment, consent or waiver with respect to such arrangements; 批准涉及合资公司和任何股东或其关联公司的任何协议、文件或其他安排，以及任何想关于该安排的修订、同意或弃权； (2) removal of a Director other than by the Party which designated the Director to be removed; 董事的免职（由原提名该董事的一方要求免职的除外）； (3) approval of the appointment of the members of any committee established by the Board; 批准董事会设立的任何委员会成员的任命； (4) terms of any employment agreements with the Officers of the JV Company; 批准合资公司高级管理人员任何劳动合同的条款； (5) approval of, and amendment to, any budgets, assessments or financial plans of any applicable fiscal period, or commercial and operational plan of the JV Company (collectively, the “Business Plan”);