Alternate Proxy Holders Sample Clauses

The Alternate Proxy Holders clause designates substitute individuals who are authorized to act as proxies if the primary proxy holder is unavailable or unable to perform their duties. In practice, this means that if the main proxy cannot attend a meeting or vote on behalf of a shareholder, an alternate named in the agreement can step in and exercise the same rights and powers. This clause ensures continuity in representation and decision-making, preventing disruptions that could arise from the absence of the original proxy holder.