Common use of Representative Director Clause in Contracts

Representative Director. The Company's day-to-day operations will be managed by the President, who shall be the Representative Director of the Company in accordance with the Articles. The President shall be elected by the Board from among the Directors nominated by SOFTBANK pursuant to Section 4.2. SOFTBANK shall have the right, exercisablel in its sole discretion, to remove and replace the President at any time, effective upon the delivery of written notice to the Company, the President and INSWEB.

Representative Director. The Company's day-to-day operations will be managed by the President, who shall be the Representative Director of the Company in accordance with the Articles. The President shall be elected by the Board from among the Directors nominated by SOFTBANK pursuant to Section 4.2. SOFTBANK shall have the right, exercisablel exercisable in its sole discretion, to remove and replace the President at any time, effective upon the delivery of written notice to the Company, the President and INSWEBE-LOAN.