Common use of Removal and Replacement of Nominees Clause in Contracts

Removal and Replacement of Nominees. The Government and the SP shall be entitled to remove any director nominated by them by notice to such director and the other Parties. Any vacancy occurring on the Board by reason of the death, disqualification, inability to act, shall be filled by the Party whose nominee was so affected so as to maintain a Board that is consistent with the provisions of Clause 4.1.

Removal and Replacement of Nominees. The Government and the SP shall be entitled to remove any director nominated by them by notice to such director Director and the other Parties. Any vacancy occurring on the Board including by reason of the death, disqualification, inability to act, act shall be filled by the Party whose nominee was so affected so as to maintain a Board that is consistent with the provisions of Clause 4.1.