Majority Vote Clause Samples
A Majority Vote clause establishes that decisions within a group or organization are determined by the approval of more than half of its members. In practice, this means that if a proposal or action is put forward, it will only proceed if it receives votes from a majority of those eligible to participate, such as board members or shareholders. This clause ensures that significant decisions reflect the collective will of the group, preventing a small minority from controlling outcomes and promoting fair, democratic governance.
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Majority Vote. With respect to actions taken by Members, the affirmative vote or consent of Members holding at least a majority of the Membership Interests then outstanding and, with respect to actions to be taken by the Board of Managers, the affirmative vote or consent of at least a majority of the Managers then serving on the Board of Managers.
Majority Vote. Decisions by the LIGC and the IAC shall be rendered by a majority vote thereof. Decisions by the IAC shall be final and binding and shall constitute an enforceable award.
Majority Vote. A majority vote shall be said to exist where the number of positive votes exceeds the number of negative votes. Where the number of positive votes is the same as the number of negative votes, the Chair must vote to break the tie. The Chair shall not cast a vote, except to break a tie.
Majority Vote. When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy shall decide any question brought before such meeting, unless the question is one upon which, by express provision of the statutes or of the Certificate of Incorporation or of these Bylaws, a different vote is required, in which case such express provision shall govern and control the decision of such question.
Majority Vote. The presence of the Board members entitled to cast a majority of the votes of the entire Board shall constitute a quorum for the transaction of business. Unless otherwise requiring a 2/3 or greater vote or a majority vote of all Members, a majority vote of the total votes of the Board members present when a quorum exists, shall constitute action by the Board.
Majority Vote. All matters upon which the Limited Partners may vote shall require, and the term "Majority Vote" shall mean, the vote or written consent of 50% or more of all issued Units held by the Limited Partners. Each Limited Partner shall be entitled to cast one vote for each Unit which that Limited Partner owns. 9.3.4
Majority Vote. A decision of the MAC shall be upon a simple majority vote of committee members voting unless otherwise required in other bylaw provisions.
Majority Vote. A decision of the Board will require an affirmative vote of a majority of Directors present and not abstaining; provided that no decision of the Board shall be made with fewer than three (3) affirmative votes, or four (4) affirmative votes if the CEO is counted to determine a Board quorum. Directors may not vote by proxy or by absentee ballot, but Directors may participate in Board meetings by telephone as provided in Section 7.3 of these Bylaws.
Majority Vote. At any GA, each Active Member, which is not suspended, shall be entitled to vote, and shall vote with a number of votes proportional to the following:
i. If the number of the Active Members is less or equal to 6, each Active Member shall have one vote.
ii. If the number of the Active Members exceeds 6 or if otherwise agreed at the GA, each Active Member shall have a proportional vote equal to that Active Member’s gross TEU capacity share (as published by ▇▇▇▇▇▇▇▇▇▇.▇▇▇) of the total amount of the Active Members’ gross TEU capacity, provided however that each Active Member shall have at least one vote. Capacity share and voting rights shall be calculated at the beginning of each calendar year and when one or more Active Members is admitted to or withdrawn from or expelled from DCSA. Unless otherwise stipulated herein, the GA shall adopt its resolutions by a 2/3 majority of the votes cast of those registered and present at the meeting. If the GA resolves to approve a proposed project, the contributions for such project shall also apply to those Active Members who voted “against” such resolution.
Majority Vote. All actions to be taken by the Management Committee shall require the affirmative vote of at least two (2) of the three (3) Managers.