Common use of Acts of Board Clause in Contracts

Acts of Board. Except as otherwise required by law or specified in the Articles of Incorporation of the Corporation, the Board shall take action by the affirmative vote of the greater of (a) a majority of the directors present at a duly held meeting at the time the action is taken or (b) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting.

Appears in 5 contracts

Samples: Merger Agreement (Teleflex Inc), Merger Agreement (Vascular Solutions Inc), Merger Agreement (Minntech Corp)

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Acts of Board. Except as otherwise required by law or specified in the Articles of Incorporation of the Corporation, the Board shall take action by the affirmative vote of the greater of (a) a majority of the directors present at a duly held meeting at the time the action is taken or (b) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting.

Appears in 1 contract

Samples: Merger Agreement (Nortek Inc)

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