Common use of Committee procedure Clause in Contracts

Committee procedure. Each such Committee established by the Board of Directors shall meet at stated times or on notice to all members by any member of such Committee. Each such Committee shall establish its own rules of procedure. Each such Committee shall keep regular minutes of its proceedings and report the same to the Board of Directors.

Committee procedure. Each such Committee established by committee of the Board of Directors shall meet at the times stated times by the Board in the resolution or resolutions establishing such committee or on notice to all members given by any member of such Committeecommittee. Each such Committee The Board by resolution or resolutions shall establish its own the rules of procedure. Each procedure to be followed by each committee, which shall include a requirement that such Committee shall committee keep regular minutes of its proceedings and report the same deliver to the Board Secretary the same. The affirmative vote of Directorsa majority of the members of any such committee shall constitute the act of such committee.