Senior Management and Boards of Directors Sample Clauses

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, that is a covered investment, appoint to senior management positions natural persons of any particular nationality. 2. A Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel.

Senior Management and Boards of Directors. A Party may not require financial institutions of the other Party10-4 to engage individuals of any particular nationality as senior managerial or other essential personnel.

Senior Management and Boards of Directors. Neither Party may require that an enterprise of that Party that is an investment of an investor of the other Party appoint to senior management positions individuals of any particular nationality.

Senior Management and Boards of Directors. A Party shall not require a covered enterprise to appoint individuals of any particular nationality as executives, managers or members of boards of directors.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party that is a covered investment appoint to senior management positions natural persons of any particular nationality. 2. Neither Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party. 3. Neither Party may require that less than a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality, or resident in the territory of the Party, where that requirement would materially impair the ability of the investor to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. Neither Party may require that more than a minority of the board of directors of a financial institution of the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof. Article 12.9: Non-Conforming Measures 1. Articles 12.2 through 12.5 and 12.8 and Section A of Annex 12.9 do not apply to: (a) any existing non-conforming measure that is maintained by a Party at:

Senior Management and Boards of Directors. In accordance with its domestic law and regulation, a Contracting Party may allow !enterprises to appoint senior management positions to natural persons of any particular bationality, provided that they are nationals of a State that has diplomatic relations with both Contracting Parties.

Senior Management and Boards of Directors. 1. No Party may require its companies to appoint individuals of any particular nationality to senior management positions. 2. A Party may require that a majority of the members of the management bodies of an enterprise be of a particular nationality, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.

Senior Management and Boards of Directors. 1. A Party shall not require that a juridical person of that Party that is a covered investment, appoint to a senior management position a natural person of any particular nationality. 2. A Party may require that a majority of the board of directors, or any committee thereof, of a juridical person of that Party that is a covered investment, be of a particular nationality or resident in the territory of that Party, provided that the requirement does not materially impair the ability of the investor of the other Party to exercise control over its investment. 3. For the avoidance of doubt, nothing in this Article shall be construed to limit a Party from exercising its rights as a shareholder.