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 thatParty that is a covered 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 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/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 No Party may require that an enterprise of that Party that is a covered 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 Party may require that an enterprise of that Party that is a covered 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. 1164. Neither Party may require that an enterprise of that Party that is a covered 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 No 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 No Party may require that an enterprise of that Party that is a covered 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. 1. Neither a Party may shall not require that an enterprise of that Party Party, that is also a covered investment investment, appoint to senior management positions or board of director 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.Section D Investment protection

Senior Management and Boards of Directors. 1. Neither No Party may shall require that an enterprise of that Party that is a covered 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.. Article 9.12:

Senior Management and Boards of Directors. 1. Neither No Party may require that an enterprise of that Party that is a covered 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 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 of the other Party to exercise control over its investment.