Quorum and Voting Requirements Sample Clauses
The Quorum and Voting Requirements clause defines the minimum number of members or representatives that must be present for a meeting to conduct official business and specifies the proportion of votes needed to approve decisions. Typically, this clause outlines what constitutes a quorum—such as a majority of board members—and details the voting thresholds required for different types of resolutions, like simple majority or supermajority. Its core function is to ensure that decisions are made with adequate participation and legitimacy, preventing a small, unrepresentative group from making binding decisions on behalf of the whole.
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Quorum and Voting Requirements. Except as otherwise provided in the articles of incorporation or the Wisconsin Insurance Code, a majority of the votes entitled to be cast on the matter shall constitute a quorum for action on that matter. Once a Member is represented for any purpose at a meeting, other than for the purpose of objecting to holding the meeting or transacting business at the meeting, it is considered present for purposes of determining whether a quorum exists for the remainder of the meeting and for any adjournment and reconvention of that meeting unless a new record date is or must be set for the adjourned and reconvened meeting. If a quorum exists, except in the case of the election of directors, action on a matter shall be approved if the votes cast favoring the action exceed the votes cast opposing the action, unless the articles of incorporation or the Wisconsin Insurance Code requires a greater number of affirmative votes. Unless otherwise provided in the articles of incorporation, each director shall be elected by a plurality of the votes cast by the Members entitled to vote in the election of directors at a meeting at which a quorum is present. Though less than a quorum of the outstanding votes are represented at a meeting, a majority of the votes so represented may adjourn the meeting from time to time without further notice. At such adjourned and reconvened meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally noticed.
Quorum and Voting Requirements. Except to the extent otherwise required by mandatory provisions of applicable law, any resolution or action at a General Meeting of Shareholders shall require an affirmative vote of a majority of the Shares represented (whether in person or by proxy) at such meeting where a majority of the total issued and outstanding Shares are represented in person or by proxy; provided, however, that any resolution or action with respect to the matters listed in Schedule I hereto shall require an affirmative vote of at least ninety percent (90%) of the total issued and outstanding Shares of the Company at a General Meeting of Shareholders.”
(e) Schedule I to the Joint Venture Agreement is hereby amended and restated in its entirety to read as set forth on Exhibit A attached hereto.
Quorum and Voting Requirements. A quorum at any meeting of the Board shall consist of not less than a majority of the directors then in office or such greater number as shall be required by law, these Bylaws or the Certificate of Incorporation, but not less than one-third (1/3) of the total number. If less than a required quorum is present, the majority of those directors present shall adjourn the meeting to another time and place without further notice. At such adjourned meeting at which a quorum shall be represented, any business may be transacted that might have been transacted at the meeting as originally noticed. Except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, a majority vote of the directors present at a meeting, if a quorum is present, shall constitute an act of the Board.
Quorum and Voting Requirements. Except to the extent otherwise required by mandatory provisions of Applicable Laws, any resolution or action at a general meeting of Shareholders will require an affirmative vote (whether in person or by proxy) of fifty percent (50%) of the total issued and outstanding Shares plus one (1) Share.
Quorum and Voting Requirements. The quorum for any meeting of the Steering Committee shall require the participation of all four
Quorum and Voting Requirements. Members shall be entitled to take action on a matter at a meeting only if a quorum exists. Unless this Agreement provides otherwise, a majority of those votes entitled to be cast on the matter shall constitute a quorum for action on that matter. Once a Unit is represented for any purpose at a meeting, it shall be deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be set for that adjourned meeting. Except as otherwise required by the Act, if a quorum exists, action on a matter shall be approved if the votes cast favoring the action exceed the votes cast opposing the action.
Quorum and Voting Requirements. A quorum for conducting all matters of business shall be a majority of the voting Director Members of the Board. The affirmative vote of a majority of the Directors of the Board shall be required for the approval of any matter of official business.
Quorum and Voting Requirements. Except to the extent otherwise required by mandatory provisions of applicable law, any resolution or action at a General Meeting of Shareholders shall require an affirmative vote of a majority of the Shares represented (whether in person or by proxy) at such meeting where a majority of the total issued and outstanding Shares are represented in person or by proxy; provided, however, that any resolution or action with respect to the matters listed in Schedule I hereto shall require an affirmative vote of at least two-thirds (2/3) of the total issued and outstanding Shares of the Company at a General Meeting of Shareholders where at least two-thirds (2/3) of the total issued and outstanding Shares are represented in person or by proxy.
Quorum and Voting Requirements. In order for a meeting of the Technical Committee to be validly installed, more than 50% (fifty percent) of its members or their respective alternates shall be present at the meeting, and each resolution thereof shall be adopted by the favorable vote of more than 50% (fifty percent) of the members of the Technical Committee (or their respective alternates) that are present and cast their vote on such resolution (which, for the avoidance of doubt, excludes abstaining members of the Technical Committee). Each member (or their alternate) entitled to vote on a resolution shall be entitled to one vote.
Quorum and Voting Requirements of the Company’s Articles of Incorporation shall be amended to reflect the amendments noted above in Sections 2(d) and 2(e) of this Agreement.