Common use of Board Reserved Matters Clause in Contracts

Board Reserved Matters. The matters set out below require the consent or the approving vote of the Swisslog Director for so long as Swisslog holds Shares representing no less than 27% of the total number of issued Shares of the Company.

Appears in 2 contracts

Sources: Shareholder Agreement (OTSAW LTD), Master Asset Sale Agreement (OTSAW LTD)