Common use of Right of Nomination Clause in Contracts

Right of Nomination. The Parties agree and undertake to procure in accordance with this Agreement that: a) the Shareholder No. 2 will always have two representatives in the Board of Directors, where one of the representatives will be the Chairman of the Board of Directors; and b) Cargo will always have one representative in the Board of Directors, who will be the Vice-Chairman of the Board of Directors. For the avoidance of any doubts it shall not be considered as a breach of this Section

Right of Nomination. The Parties agree and undertake to procure in accordance with this Agreement that: a) the Shareholder No. 2 will always have at least two representatives in the Board of DirectorsSupervisory Board, where one of the representatives will be the Chairman of the Board of DirectorsSupervisory Board; and b) Cargo will always have at least one representative in the Supervisory Board of Directors, who will be the Vice-Chairman of the Board of Directors. For the avoidance of any doubts it shall not be considered as a breach of this SectionSupervisory Board.