Common use of Senior Management and Boards of Directors Clause in Contracts

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 that an enterprise of that Party, Party that is a covered investment, 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 that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons individuals of any particular nationality. . 2. A Party may require that a majority or less 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 that an enterprise financial institutions of that Party, that is a covered investment, appoint the other Party to senior management positions natural persons engage individuals of any particular nationality. nationality as senior managerial or other essential personnel. 2. A Neither Party may require that more than a majority minority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be directors of a particular nationalityfinancial institution of the other Party be composed of nationals of the Party, or resident persons residing in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investmentor a combination thereof.

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

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 No Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of another Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of another Party, 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 that an enterprise of that Party, a Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 Contracting Party may require that an enterprise of that Party, that is a covered investment, Contracting Party considered as investments of an investor of the other Contracting Party appoint to senior management positions natural persons of any particular nationality. . 2. A Contracting Party may require that a majority of the board boards of directors, directors or any committee thereof, of an enterprise of that Contracting Party that is a covered investmentconsidered as investments of an investor of the other Contracting Party, be of a particular nationality, nationality or resident in the territory of the former Contracting Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investmentinvestments.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 No Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 that an enterprise of that Party, Party that is a covered investment, 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 that an enterprise of that Party, thatParty that is a covered investment, an investment of an investor of the otherParty appoint to senior management positions natural persons of any individuals ofany particular nationality. 2. A Party may require that a majority of the board of directorsofdirectors, or any committee thereof, of an enterprise of that ofthat Party that is a covered investmentan investment of an investor of theother Party, be of a particular nationality, or resident in the territory of the ofthe Party, provided that the requirement does not materially notmaterially impair the ability of the investor to exercise control exercisecontrol over its investment.

Senior Management and Boards of Directors. 1. Neither Contracting Party may require that an enterprise of that Party, Contracting Party that is a covered investmentan investment of an investor of the other Contracting Party, appoint to senior management positions natural persons of any particular nationality. . 2. A Contracting Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Contracting Party that is a covered an investment, be of a particular nationality, or resident in the territory Area of the former Contracting 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 that an enterprise of that Party, Party that is a covered investmentan investment made in its Area by an investor of the other Party appoint, appoint to senior management positions natural persons positions, individuals 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 investmentan investment made in its Area by an investor of the other Party, be of a particular nationality, or resident in the territory of the former 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 No Party may require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management Senior Management positions natural persons of any particular nationality. . 2. A No 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. A Party may maintain a measure inconsistent with this Article provided that such a measure falls within the requirement does not materially impair the ability scope of the investor to exercise control over its investment.any exemptions listed in Annex 9-B.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons individuals 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 (A) No Party may require that an enterprise of that Party, that is a covered investment, investment appoint to senior management positions natural persons individuals of any particular nationality. 2. . (B) 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. (C) Subject to generally applicable rules of entry, no Party may unduly restrict or prevent the cross-border movement of senior management and members of the boards of directors of an investment.

Senior Management and Boards of Directors. 1. Neither A Party may not require that an enterprise of that Party, Party that is a covered investment, investment appoint to a senior management positions natural persons position an individual of any particular nationality. . 2. A Party may require that a majority of the board of directors, or any a committee thereof, of an enterprise of that Party that is a covered investment, investment be of a particular nationality, nationality or resident in the territory area of the that 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 shall require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons nationals of any particular nationality. . 2. A Party may require that a majority or 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 Area 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 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. 2. No party may require that an enterprise the Board of Directors of a financial institution of the other party is incorporated by a simple majority exceeding the nationals of that Party, that is resident in its territory or a covered investment, appoint to senior management positions natural persons of any particular nationality. 2. A Party may require that a majority combination 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 investmenttwo.

Senior Management and Boards of Directors. 1. Neither A Party may shall not require that an enterprise of that Party, Party that is a covered investment, investment appoint to a senior management positions position a natural persons person 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, 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 No Party may require that an enterprise of that Party, Party that is a covered investment, 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 A Party may not require that an enterprise financial institutions of that Party, that is a covered investment, appoint the other Party to senior management positions natural persons engage individuals of any particular nationality. nationality as senior managerial or other essential personnel. 2. A Party may not require that more than a simple majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be directors of a particular nationalityfinancial institution of the other Party be composed of nationals of the Party, or resident persons residing in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investmentor a combination thereof.

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

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons of any particular nationality. . 2. A Party may require that a majority or less 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 No Party may require that an enterprise of that Party, Party that is a covered investment, investment to appoint natural persons of a particular nationality to senior management positions natural persons of any particular nationality. positions. 2. A Party may require that a majority of the members of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, investment be of a particular nationality, nationality or resident in the territory of the Party, provided that the requirement does not materially significantly impair the ability of the investor to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither A Party may shall not require that an enterprise of that Party, Party that is a covered investment, investment to 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 No Party may require that an enterprise a juridical person of that Party, that as long as it is a covered protected investment, to appoint natural persons of a particular nationality to senior management positions natural persons of any particular nationality. positions. 2. A Party may require that a majority of the members of the board of directors, or any a committee thereof, of an enterprise a juridical person of that Party that is a covered investment, protected investment be of a particular nationality, or be resident in the territory of the Party, provided that the requirement does not materially significantly impair the ability of the investor to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals of any particular nationality. 2. A Party may require that a majority of the board of directors, directors or any committee thereofequivalent organs of administration, of an enterprise of that Party that is a covered investmentan investment of an investor of the other Party, 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 No Party may shall require that an enterprise of that Party, Party that is a covered investment, investment appoint to a senior management positions position a natural persons person 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, 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 that an enterprise of that Party, Party that is a covered investment, 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 of the other Party to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 No Party may shall require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions a natural persons person of any 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.

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

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of the other Party, 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 No party may require that an enterprise of that Party, that is a covered investment, Party appoint individuals of any particular nationality to senior management positions natural persons of any particular nationality. positions. 2. A Party may require that a majority of the board members of directors, the governing bodies or any committee thereof, of such bodies of an enterprise of that Party that is a covered investment, an investment of an investor of the other party be of a particular nationality, nationality or resident in the territory of the Party, 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 A Party may shall not require that an enterprise of that Party, Party that is a covered investment, 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 No Party may shall require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions a natural persons person of any 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.

Senior Management and Boards of Directors. 1. Neither A Party may not require that an enterprise of that Party, Party that is a covered investment, investment appoint individuals of any particular nationality to senior management positions natural persons of any particular nationality. positions. 2. A Party may require that a majority of the board of directors, or any a committee thereof, of an enterprise of that Party that is a covered investment, investment be of a particular nationality, 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 A Party may not require that an enterprise of that Party, that is a covered investment, appoint to senior management positions natural persons individuals 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, 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 A) No Party may require that an enterprise of that Party, a Party that is a covered investment, investment appoint to senior management positions natural persons individuals of any particular nationality. 2. . B) 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. C) Subject to generally applicable rules of entry, no Party may unduly restrict or prevent the cross-border movement of senior management and members of the boards of directors of an investment of another Party.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, 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 of the other Party to exercise control over its investment.

Senior Management and Boards of Directors. (11) 1. Neither A Party may shall not require that an enterprise a juridical person of that Party, Party that is a covered investment, 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 a juridical person 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 that an enterprise of that Party, Party that is a covered investment, 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 19 The Parties note that a patent does not necessarily confer market power. that the requirement does not materially impair the ability of the investor of the other Party to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of that Party, Party that is a covered investment, 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 No Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals of any particular nationality. . 2. A Party may require that a majority of the board of directors, directors or any committee thereofequivalent organs of administration, of an enterprise of that Party that is a covered investmentan investment of an investor of the other Party, 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 No Party may require that an enterprise of that Party, Party that is a covered investment, an invest- ment of an investor of another Party appoint to senior management positions natural persons individuals 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 investmentan investment of an investor of another Party, be of a particular nationality, or resident resi- dent 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 that an enterprise of that Party, Party that is a covered investment, investment to 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 that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons of any particular nationality. /citizenship. 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/citizenship, or resident in the territory of the Party, provided that the requirement does not materially impair the ability of the investor of the other Party to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons individuals 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 of the other Party to exercise control over its investment.

Senior Management and Boards of Directors. 1. Neither Party may require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions position natural persons of any particular nationality. . 2. A Party 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 that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions position natural persons of any particular nationality. . 2. A Party may require requires 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 No Party may require that an enterprise of that Party, Party that is a covered investment, investment to appoint to senior management positions natural persons of any a particular nationality. 2. A Party may require that a the majority of members of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, to be of a particular nationality, or to be 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. 1164. Neither Party may require that an enterprise of that Party, Party that is a covered investment, an investment of an investor of the other Party appoint to senior management positions natural persons individuals of any particular nationality. 2165. 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 investmentan investment of an investor of the other Party, 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 A Party may shall not require that an enterprise of that Party, the Party that is a covered investment, an investment of an investor of another Party appoint to senior management positions natural persons individuals 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 the Party that is a covered investmentan investment of an investor of another Party, 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 shall require that an enterprise of that Party, Party that is a covered investment, investment appoint to a senior management positions position a natural persons person 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, 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 shall require that an enterprise of that Party, Party that is a covered investment, 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 A Party may not require that an enterprise of that Party, Party that is a covered investment, investment appoint to senior management positions natural persons individuals 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, 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.