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.
AutoNDA by SimpleDocs
Senior Management and Boards of Directors. 1. A Contracting Party may not require that an enterprise that is investments of an investor of the other Contracting Party, appoint to senior management positions individuals of any particular nationality.
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 11.9:
Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of thatParty that is an investment of an investor of the otherParty appoint to senior management positions individuals ofany particular nationality. 2. A Party may require that a majority of the board ofdirectors, or any committee thereof, of an enterprise ofthat Party that is an investment of an investor of theother Party, be of a particular nationality, or resident ofthe Party, provided that the requirement does notmaterially impair the ability of the investor to exercisecontrol over its investment.
Senior Management and Boards of Directors. 1. No party may require financial institutions of another party to recruit staff of a particular nationality to senior management positions of business or other charges.
Senior Management and Boards of Directors. (A) No Party may require that an investment 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. A Party shall not require financial institutions of the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. A Party shall not 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 129. Non-conforming Measures 1. Articles 12.2 through 12.5 and Article 12.8 shall not apply to: (a) any existing non-conforming measure that is maintained by a Party at: (i) the central level of government, as set out by that Party in Section A of its Schedule set out in Annex III; or (ii) a local level of government; (b) the continuation or prompt renewal of any non-conforming measure referred to in subparagraph (a); or (c) an amendment to any non-conforming measure referred to in subparagraph (a) to the extent that the amendment does not decrease the conformity of the measure, as it existed immediately before the amendment, with Article 12.2, 12.3, 12.4, or 12.8.5 2. Articles 12.2 through 12.5 and Article 12.8 shall not apply to any measure that a Party 5 For greater certainty, Article 12.5 shall apply to an amendment to any non-conforming measure referred to in subparagraph
Senior Management and Boards of Directors. 1. No Party shall require that an enterprise of that Party that is a covered investment appoint to senior management positions a natural person of a 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. Article 14.12: Non‐Conforming Measures 1. Article 14.4 (National Treatment), Article 14.5 (Most‐Favored‐ Nation Treatment), Article 14.10 (Performance Requirements), and Article 14.11 (Senior Management and Boards of Directors) do not apply to: (a) any existing non‐conforming measure that is maintained by a Party at: (i) the central level of government, as set out by that Party in its Schedule to Annex I, 6. Provided that such measures are not applied in an arbitrary or unjustifiable manner, or do not constitute a disguised restriction on international trade or investment, nothing in paragraph 1(b) or (c) or 3(a) or (b) shall be construed to prevent any Party from adopting or maintaining measures, including environmental measures: (a) necessary to secure compliance with laws and regulations that are not inconsistent with the provisions of this Agreement; (b) necessary to protect human, animal or plant life or health; or (c) necessary for the conservation of living or non‐living exhaustible natural resources. 5. Paragraphs 1 and 3 do not apply to any requirement other than the requirements set out in those paragraphs. Article 1107:
Senior Management and Boards of Directors. Neither Party may require that an enterprise appoints to senior management or the board of directors positions natural persons of any particular nationality.