Charter Language Clause Samples
The 'Charter Language' clause defines the specific wording or provisions that are to be included in a company's charter or foundational documents. This clause typically outlines the exact language that must be adopted in the articles of incorporation or similar governing documents, ensuring that certain rights, obligations, or structures are formally established from the outset. For example, it may specify the text regarding share classes, voting rights, or board composition. Its core practical function is to ensure consistency and legal enforceability by mandating that essential terms are embedded directly into the company's official charter, thereby reducing ambiguity and potential disputes over foundational governance matters.
Charter Language. The LMP Tri-Chairs have appointed a joint Labor-Management Committee to craft a sample Labor-Management Staffing Committee Charter, which can be found in Exhibit 1.F.1.c.6.