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5.1 There shall be a fund management committee comprising 15 members whose nomination and selection were jointly undertaken by the TAO executive committee and the Company from 6 local community representatives (from those villages near the project area), 4 qualified persons in the respective field of public health, agriculture, industry and administration and 5 representatives from the Company.
5.2 Term of office of members is 3 years.
5.3 When the Fund Management Committee has completed its term, during the selection of new committee members is being in process, it shall remain in office to perform duties for that time being. In this regard, the selection of committee members under Article 5.1 shall be undertaken within 30 days from the expiration date of term.
5.4 A member can vacate from the office prior to the expiration of term on the following causes:
1) death;
2) becoming unable to perform duties due to health reasons;
3) resign;
4) being dismissed by two-thirds of the total number of the committee members.
5.5 In each meeting, a representative from the bank where the Fund is deposited shall be invited to attend the meeting.
5.6 There shall be a general meeting twice a year.
5.7 Invitation for attending an extraordinary meeting shall be undertaken whenever there is a complaint to be decided by the whole committee (not less than two-thirds). In cases where it is apparent that the damage is under the Company's responsibility, the committee shall make a decision to reach a conclusion on the amount of damage by casting at least 10 votes for it.
In cases where it is apparent that the damage is not under the Company's responsibly, the committee shall abandon the case.
5.8 In cases where it is unable to conclude that the damage is due to the Company's operation or the amount of damage exceeds 500,000 baht per payment or the damages for the whole year are greater than five million baht, such case shall be submitted to arbitration under Thailand's arbitration law. |