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

Senior Management and Boards of Directors. 1. 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. 1. A Neither Party may not require financial institutions of the other Party10-4 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. A Party may not require financial institutions of the other Party10Party (10-4 4) to engage individuals of any particular nationality as senior managerial or other essential personnel.