Common use of Action by Board of Directors Clause in Contracts

Action by Board of Directors. Any action required by the Company's Board of Directors under this Agreement may be taken by majority vote of a duly authorized committee having authority over the matter in question or by a majority of the remaining members of the Board of Directors, not counting Executive, then serving.

Action by Board of Directors. Any action required by the Company's ’s Board of Directors under this Agreement may be taken by the affirmative vote of a majority vote of the members of the Board, or of a duly authorized committee having authority over the matter in question or by question, present at a majority meeting thereof, not counting Executive; provided that termination for “Cause” pursuant to Section 6(a) shall require the approval of two-thirds of the remaining members of the Board of DirectorsDirectors present at a meeting thereof, not counting Executive, then serving.