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

Senior Management and Boards of Directors. 1. No Party may require financial institutions of another Party to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. No Party may require that more than a simple majority of the board of directors of a financial institution of another Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No Neither Party may require financial institutions of another the other Party to engage individuals hire personnel of any particular nationality as for senior managerial corporate management or other essential personnelkey positions. 2. No Party may require that the board of directors or the board of trustees of a financial institution of the other Party be composed of more than a simple majority of the board of directors of a financial institution of another Party be composed of nationals of the that Party, persons residing in the territory residents of the Partyits territory, or a combination thereofof both.

Senior Management and Boards of Directors. 1. No A Party may not require financial institutions of another Party the other Party10-4 to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. No A Party may not require that more than a simple majority of the board of directors of a financial institution of another the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No A Party may not require financial institutions of another the other Party to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. No Party may require that more than a simple majority of the board of directors of a financial institution of another Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No Neither Party may require that a financial institutions institution of another the other Party appoint to engage individuals senior management positions natural persons of any particular nationality as senior managerial or other essential personnelnationality. 2. No Neither Party may require that more than a simple majority minority of the board of directors of a financial institution of another the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No Neither Party may shall require established financial institutions service suppliers of another Party the other Party, to engage individuals natural persons of any particular nationality as members of the board of directors, senior managerial or other essential personnel. 2. No Neither Party may shall require that more than a simple majority minority of the board of directors of a established financial institution service suppliers of another the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No A Party may not require a financial institutions institution of another the other Party to engage individuals employ persons of any a particular nationality as for senior managerial executive positions or other essential key personnel. 2. No A Party may not require that more than a simple majority minority of the board of directors of a financial institution of another the other Party be composed of nationals of the Party, persons residing in the territory residents of the Partyits territory, or a combination thereofof both.

Senior Management and Boards of Directors. 1. No Party party may require financial institutions of another Party party to engage individuals recruit staff of any particular nationality as to senior managerial management positions of business or other essential personnelcharges. 2. No Party party may require that more than a simple majority the Board of Directors or the board of directors of a financial institution of another Party be composed of integrated by nationals of the that Party, persons residing resident in the its territory of the Party, or a combination thereofof the two.

Senior Management and Boards of Directors. 1. No Party may require financial institutions of another the other Party to engage individuals employ personnel of any a particular nationality as for senior managerial corporate management or other essential personnelkey positions. 2. No Party may require that more than a simple majority of the board of directors of a financial institution of another the other Party be composed of more than a simple majority of nationals of the that Party, persons residing in the territory residents of the Partyits territory, or a combination thereofof both.

Senior Management and Boards of Directors. 1. No A Party may shall not require that a financial institutions institution of another the other Party to engage individuals natural persons of any particular nationality as senior managerial or other essential personnel. 2. No A Party may not require that more than a simple majority minority of the board of directors of a financial institution of another the other Party be composed of nationals natural persons of the Party, Party or natural persons residing in the territory Area of the Party, Party or a combination thereof.

Senior Management and Boards of Directors. 1. No A Party may not require financial institutions of another the other Party (10-4) to engage individuals of any particular nationality as senior managerial or other essential personnel. 2. No A Party may not require that more than a simple majority of the board of directors of a financial institution of another the other Party be composed of nationals of the Party, persons residing in the territory of the Party, or a combination thereof.

Senior Management and Boards of Directors. 1. No Party may require financial institutions of another Party to engage individuals recruit personnel of any particular nationality as for senior managerial corporate management or other essential personnelkey positions. 2. No Party may require that more than a simple majority of the board of directors or the board of trustees of a financial institution of another Party be composed of more than a simple majority of nationals of the that Party, persons residing in the territory residents of the Partyits territory, or a combination thereofof both.