Voting Power of Members Clause Samples
The "Voting Power of Members" clause defines how voting rights are distributed among the members of an organization or entity. Typically, this clause specifies whether each member has an equal vote or if voting power is allocated based on factors such as ownership percentage, membership class, or another agreed-upon metric. For example, in a company, shareholders might have votes proportional to the number of shares they own, while in a cooperative, each member might have one vote regardless of investment. The core function of this clause is to establish a clear and fair system for decision-making, preventing disputes and ensuring that all members understand how their influence is determined in organizational matters.
Voting Power of Members. The voting power of the Members of the NCTPA Board shall be as follows:
(1) On all matters concerning powers under Section 5.2 subsections (a) through (q), inclusive: Appointing Entity Voting Power City of American Canyon 4 (each Member has two votes) City of Calistoga 2 (each Member has one vote) City of Napa 10 (each Member has five votes) City of St. Helena 2 (each Member has one vote) Town of Yountville 2 (each Member has one vote) County of Napa 4 (each Member has 2 votes) NCTPA Board (nominated by 0 (non-voting) Paratransit Coordinating Council)
(2) On all matters concerning powers under Section 5.2 subsection (r), each voting Member shall have one vote.
Voting Power of Members. The voting power of the Members of the NCTPA Board shall be as follows:
(1) On all matters concerning powers under Section 5.2 subsections
(a) through (on), inclusive: Appointing Entity Voting Power City of American Canyon 2 (each Member has one vote) City of Calistoga 2 (each Member has one vote) City of Napa 10 (one Member shall have 6 votes and one Member shall have 4 votes; such division to be determined by the appointing entity) City of St. Helena 2 (each Member has one vote) Town of Yountville 2 (each Member has one vote) County of Napa 4 (each Member has 2 votes) NCTPA Board (nominated by 0 (non-voting) Paratransit Coordinating Council) NCTPA Board Appointment 0 (non-voting)
(2) On all matters concerning powers under Section 5.2 subsection (po), each voting Member shall have one vote.
Voting Power of Members. The voting power of the Members of the NCTPA Board shall be as follows:
(1) On all matters concerning powers under Section 5.2 subsections (a) through (o), inclusive:
Voting Power of Members. The voting power of each member shall be determined by the amount of his Membership Interest in the Company as compared to the total Membership Interests of all Members. All references in this Agreement to voting requirements on any specific issue shall refer to voting power as determined in this manner.