Common use of Supermajority Vote Clause in Contracts

Supermajority Vote. Supermajority Vote shall mean the affirmative vote of a number of Directors equal to at least two-thirds (2/3) of the total number of seats on the Board of Directors (including any seats that are, at the time of such vote, vacant).

Appears in 3 contracts

Sources: Framework Agreement (Ic Isaacs & Co Inc), Stockholders' Agreement (Wurzburg Sa), Stockholders’ Agreement (Ic Isaacs & Co Inc)