Approval by Directors. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Directors of the Company and (b) those Directors who are not interested persons of the Company and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the "Independent Directors"), cast in person at a meeting called for the purpose of voting on this Agreement.
Appears in 8 contracts
Samples: Shareholder Servicing Agreement (Cowen Funds Inc), Distribution Agreement (Cowen Funds Inc), Shareholder Servicing Agreement (Cowen Funds Inc)
Approval by Directors. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Directors of the Company and (b) those Directors who are not interested persons of the Company and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the "Independent Directors"), cast in person at a meeting called for the purpose of voting on this Agreement.. 2
Appears in 2 contracts
Samples: Shareholder Servicing Agreement (Cowen Income Plus Growth Fund Inc), Distribution Agreement (Cowen Income Plus Growth Fund Inc)
