Common use of The General Clause in Contracts

The General. Manager and the Deputy General Manager shall be appointed and dismissed by the decision of the Board of Directors. The Board of Directors shall decide the appointment of the individual for the General Manager position from the candidate nominated by Party B and the individual for the Deputy General Manager position from the candidate nominated by Party A. The Parties shall cause the members of the Board of Directors nominated by it to ensure that their respective nominated candidates will be appointed as General Manager and Deputy General Manager by the Board of Directors. Such individual shall then serve in that position until resignation or replacement by the Board. The General Manager and Deputy General Manager may be dismissed at any time by a resolution of the Board, with replacement candidates to be chosen as set forth in Article 12.3 herein.

Appears in 2 contracts

Sources: Joint Venture Contract (UL Solutions Inc.), Joint Venture Contract (UL Solutions Inc.)