Common use of Board Chair Clause in Contracts

Board Chair. The majority of directors then in office may vote to appoint the chair of the Board. In the case of an equality of votes, the chair of the Board (or of a particular meeting of the Board) shall not be entitled to a second or casting vote.

Appears in 6 contracts

Sources: Private Placement Subscription Agreement (Naqi Logix Inc.), Private Placement Subscription Agreement (Naqi Logix Inc.), Subscription Agreement (Naqi Logix Inc.)