Supervisory Board. (1) A supervisory board shall be set up at the Investee Company if the Investor deems this necessary.
Supervisory Board. 6.2.1 The Supervisory Board shall consist of twelve (12) members, including its Chairman and Vice-Chairman, at least two-thirds (2/3) of which shall be elected by the General Meeting and, so long as required by law, one-third (1/3) of which shall be elected by the employees of the Company.
Supervisory Board. There is and has been no failure on the part of the Company or any member of the Company’s supervisory board and management board and officers, in their capacities as such, to comply with any applicable provision of the Sxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated in connection therewith (the “Sxxxxxxx-Xxxxx Act”), and the listing rules of Nasdaq Stock Market LLC and FSE, including Section 402 of the Sxxxxxxx-Xxxxx Act related to loans, except for such noncompliance which is permitted due to requirements of the laws of the Federal Republic of Germany.
Supervisory Board. 3.1 Following the date hereof and subject to Clauses 3.2 and 3.3, Athyrium shall have the right to designate one person for nomination as a Supervisory Board member and to designate a replacement for such Supervisory Board member. Except to the extent prohibited by Applicable Law, the Company shall procure that the person who, in the future, will be designated by Athyrium as the Athyrium Supervisory Board Member shall be nominated for appointment by the General Meeting. Athyrium shall consult with the Company as to the identity of the Athyrium Supervisory Board Member, from time to time proposed to be appointed to the Supervisory Board by Athyrium, for the purpose of assessing the suitability of such person to serve as a member of the Supervisory Board. Any negative advice by the Company shall be based solely upon the experience, expertise and suitability of such person for his or her role as a Supervisory Board member. For the avoidance of doubt, it is hereby noted that the consultation right shall in no event be seen as a veto right for the Company and it is up to Athyrium’s sole discretion whether or not it will follow the Company’s advice. Such person need not be an Independent Supervisory Board Member. If the Athyrium Supervisory Board Member is to be replaced, the Company shall as soon as reasonably practicable convene a General Meeting for the appointment of a replacement.
Supervisory Board. Article 16
Supervisory Board. 18.1. There shall be a Supervisory Board if a resolution of the general meeting to that end has been deposited at the office of the Commercial Register, for as long as no resolution of the general meeting, to abolish the Supervisory Board has been deposited there. A Supervisory Board-shall consist of one or more natural persons. The number of supervising directors shall be determined by the general meeting. The supervising directors shall be appointed, suspended and dismissed by the general meeting. If no Supervisory Board has been established, the powers granted in these articles of association to the Supervisory Board shall be the powers of the general meeting to the extent to which that is possible.
Supervisory Board. 16.1 The Parties shall procure that the supervisory board of the Company (the “Supervisory Board”) shall be composed of 3 (three) members, to be appointed by the general meeting of shareholders:
Supervisory Board. 16.1 The Parties shall procure that the supervisory board of the Company (the “Supervisory Board”) shall be composed of 3 (three) members, to be appointed by the general meeting of shareholders: – 1(one) of whom shall be appointed upon a binding nomination of the Investor; and, – 1(one) of whom shall be appointed upon a binding nomination of the Founders; and, – 1(one) of whom shall be appointed as an independent member recognised as an industry expert upon a binding nomination of the Investor together with the Founders. At the Closing Date, the following persons shall be nominated by the following Parties: • Mr. E.C.M. van Wezel as Supervisory Board member on behalf of the Investor;
Supervisory Board. The Supervisory Board will have ultimate responsibility for the oversight, direction, and decisions of MCA-Georgia, as well as the overall implementation of the Compact. It is comprised of seven voting members, plus two non-voting members. The Supervisory Board includes the following representatives / offices:
