Quorum Requirements Sample Clauses
The Quorum Requirements clause defines the minimum number of members or participants that must be present for a meeting or decision-making process to be valid. Typically, this clause specifies a percentage or fixed number of attendees needed before official business can be conducted, such as requiring at least half of board members to be present for a board meeting to proceed. Its core practical function is to ensure that decisions are made with sufficient representation, preventing a small, unrepresentative group from making binding decisions on behalf of the whole.
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Quorum Requirements. The presence of a majority of Directors then in office shall constitute a quorum. If a quorum is not achieved at any duly called meeting, such meeting may be postponed to a time no earlier than 24 hours after written notice of such postponement has been given to the Directors.
Quorum Requirements. During such time as Forstmann Little Beneficially Owns shares of Common Stock representing at least 10% of the outstanding shares of Common Stock, the Board of Directors may not take any action unless a quorum consisting of at least one Forstmann Little Designee is present and during such time as Telmex Beneficially Owns shares of Common Stock representing at least 10% of the outstanding shares of Common Stock, the Board of Directors may not take any action unless a quorum consisting of at least one Telmex Designee (which, prior to the Board Representation Date, shall be a Telmex Independent Designee, to the extent a Telmex Independent Designee has been designated pursuant to Section 2.2(a)) is present.
Quorum Requirements. There are no quorum requirements generally applicable to general meetings of shareholders. To this extent, our practice varies from the requirement of Nasdaq Listing Rule 5620(c), which requires an issuer to provide in its bylaws for a generally applicable quorum, and that such quorum may not be less than one-third of the outstanding voting shares. According to Section 70 of the Danish Companies Act, shares in a company may be redeemed by a shareholder holding more than nine-tenths of the shares and the corresponding voting rights in the company. Furthermore, according to Section 73 of the Danish Companies Act, a minority shareholder may require a majority shareholder holding more than nine-tenths of the shares and the corresponding voting rights to redeem the minority shareholder’s shares. As of July 3, 2016, EU Regulation No 596/2014 on market abuse entered into force and Chapter 10 of the Danish Securities Trading Act was repealed. Pursuant to said Chapter 10, we had adopted an internal code on inside information in respect of the holding of and carrying out of transactions by our board of directors and executive officers and employees in the shares or ADSs or in financial instruments the value of which is determined by the value of the ordinary shares or ADSs, and we had drawn up a list of those persons working for us who could have access to inside information on a regular or incidental basis and had informed such persons of the rules on ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and market manipulation, including the sanctions which could be imposed in the event of a violation of those rules. However, said EU Regulation No 596/2014 on market abuse imposes no such requirements on us and we have abandoned our previous practice. Under Danish law, members of the board of directors or senior management may be held liable for damages in the event that loss is caused due to their negligence. They may be held jointly and severally liable for damages to the company, the shareholders and to third parties for acting in violation of the articles of association and Danish law. The general meeting is allowed to discharge our board members and members of our senior management from liability for any particular financial year based on a resolution relating to the financial statements. This discharge means that the general meeting will discharge such board members and members of our senior management from liability to us; however, the general meeting cannot discharge any claims by individual sh...
Quorum Requirements. The Governing Board may validly meet if two-thirds (2/3) of its members are present or represented. In case quorum is not met, the Governing Board will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. All of the members of the Governing Board may grant a power of attorney to other members to represent them as their proxies, with a limit of one (1) proxy per member. In case of written consultation, the letter of the Chairman is required to specify the deadline for response imparted. Failure to respond within this deadline shall be deemed a non-vote for the application of the quorum and majority vote requirements.
Quorum Requirements. A majority in interest of the Members entitled to vote at a meeting shall constitute a quorum for the transaction of business. Once a Member is represented for any purpose at a meeting, such Member 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.
Quorum Requirements. Subject to Section 2.2, the quorum which shall be required for action to be taken by the Board (other than an adjournment of any meeting of the Board) shall be the GECC Designee, the Permal Designee, the THLi Fund Designee and the Hawl▇▇ ▇▇▇ignee. Directors participating by telephone conference in any meeting of the Board shall be considered in determining whether a quorum of directors is present.
Quorum Requirements. The General Assembly may validly meet if 2/3 of the Contractors are present or represented. In case quorum is not met, the General Assembly will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. If their deputy cannot attend the General Assembly, the members of the General Assembly may grant a power of attorney to other members to represent them as their proxies, with a limit of two (2) proxiesy per member.
Quorum Requirements. A quorum we will be achieved when five (5) voting members are present. Members normally should attend in person but may participate by teleconference if in person attendance is deemed impractical by the Chairperson. *Chairperson 1. UNSATISFACTORY (KPI Score – 0) a. Fails to meet the minimum contractual requirements.
Quorum Requirements. There are no quorum requirements generally applicable to general meetings of shareholders. To this extent, our practice varies from the requirement of Nasdaq Listing Rule 5620(c), which requires an issuer to provide in its bylaws for a generally applicable quorum, and that such quorum may not be less than one-third of the outstanding voting shares. According to Section 70 of the Danish Companies Act, shares in a company may be redeemed in full or in part by a shareholder holding more than nine-tenths of the shares and the corresponding voting rights in the company. Furthermore, according to Section 73 of the Danish Companies Act, a minority shareholder may require a majority shareholder holding more than nine-tenths of the shares and the corresponding voting rights to redeem the minority shareholder’s shares. As of July 3, 2016, EU Regulation No 596/2014 on market abuse entered into force and Chapter 10 of the Danish Securities Trading Act was repealed. Pursuant to said Chapter 10, we had adopted an internal code on inside information in respect of the holding of and carrying out of transactions by our board of directors and executive officers and employees in the shares or ADSs or in financial instruments the value of which is determined by the value of the ordinary shares or ADSs, and we had drawn up a list of those persons working for us who could have access to inside information on a regular or incidental basis and had informed such persons of the rules on ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and market manipulation, including the sanctions which could be imposed in the event of a violation of those rules. However, said EU Regulation No 596/2014 on market abuse imposes no such requirements on us and we have therefore taken steps to abandon our previous practice.
Quorum Requirements. The Governing Board may validly meet if ¾rs of its members are present or represented. In case quorum is not met, the Governing Board will be convened once again within no more than three (3) weeks from this date, and may validly deliberate even in the absence of quorum. All of the members of the Governing Board may grant a power of attorney to other members to represent them as their proxies, with a limit of one (1) proxy per member.