• Гідрологія і Гідрометрія
• Господарське право
• Економіка будівництва
• Економіка природокористування
• Економічна теорія
• Земельне право
• Історія України
• Кримінально виконавче право
• Медична радіологія
• Методи аналізу
• Міжнародне приватне право
• Міжнародний маркетинг
• Основи екології
• Предмет Політологія
• Соціальне страхування
• Технічні засоби організації дорожнього руху
• Товарознавство продовольчих товарів

MANAGEMENT OF JOINT COMPANY

(a) The affairs of the Joint Company shall be managed by a Board of Directors, of whom

shall be nominated by Foreign Company. American Company and Foreign Company shall each vote all shares of the capital stock of the Joint Company owned or controlled by them for the election and maintenance in office of the persons so nominated.

In the event that between annual shareholders' meetings of the Joint Company, either American Company or Foreign Company wishes to replace any of all of its nominees on the Board of Directors of the Joint Company, the other shall join in all necessary acts, steps and proceedings, and shall cause the shares of the Joint Company to which it is beneficially entitled to be voted in favor of the removal of such nominee or nominees, of the transfer of the qualifying share or shares of such nominees to the person or persons selected by American Company or Foreign Company, as the case may be, and the election in his or their place of a qualified person or of qualified persons selected by the party hereto whose nominee shall have been so removed.

Nothing contained in this Agreement is intended or shall be construed to bind the parties hereto or their nominees on the Board of Directors of the Joint Company as to the method or manner of the exercise of the discretion vested in them as directors of the Joint Company concerning their management of the affairs thereof.

All decisions of the Board of Directors shall require an affirmative vote of at least___________directors. (Note: if the parties have an unequal number of nominees on the Board, the number should be at least the total number of nominees of the party with the largest number of nomi­nees on the Board plus one).

Prior written notice of all directors' meeting shall be sent to all directors at least____________days before the meeting, specifying the time and place of the meeting and indicating all matters to be considered thereat, and including copies of any reports or studies relating thereto. Notice may be waived by the unanimous written consent of all directors.

A quorum of a meeting of the directors shall consist of_______directors. (Note: the number should be large enough so that it cannot be constituted unless at least one nominee of each partner is present). In lieu of a validity constituted meeting as described herein, any directors' resolution shall be considered to have been validly passed if consented to in writing by all the directors.

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