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Federal Act on the Amendment of the Swiss Civil Code (Part Five: The Code of Obligations)
of 30 March 1911 (Status as of 1 January 2023)
Art. 735b
E. Term of contracts
1 The term of the contracts governing the remuneration of the members of the board of directors may not exceed their term of office.
2 The term of limited contracts and the notice of termination for unlimited contracts that govern the remuneration of the members of the executive board and the board of advisors may amount to a maximum of one year.