Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The mem­bers’ gen­er­al meet­ing may re­move man­aging dir­ect­ors that it has ap­poin­ted at any time.

² Any com­pany mem­ber may re­quest the court to re­voke or re­strict the right of a man­aging dir­ect­or to man­age or rep­res­ent the com­pany where there is good cause, and in par­tic­u­lar if the per­son con­cerned has ser­i­ously breached his ob­lig­a­tions or is no longer able to man­age the com­pany com­pet­ently.

³ The man­aging dir­ect­ors may at any time sus­pend man­agers, au­thor­ised sig­nat­or­ies or au­thor­ised of­ficers in their ca­pa­city.

⁴ If these per­sons have been ap­poin­ted by the mem­bers’ gen­er­al meet­ing, a mem­bers’ gen­er­al meet­ing must be con­vened without delay.

⁵ Claims for com­pens­a­tion made by per­sons who have been re­moved or sus­pen­ded are re­served.