Election Meetings Sample Clauses
The 'Election & meetings' clause defines the procedures and requirements for electing individuals to certain positions and for conducting official meetings within an organization. It typically outlines how elections are to be held, who is eligible to vote or be elected, and the notice and quorum requirements for meetings. For example, it may specify that board members are elected annually by a majority vote and that meetings require a minimum number of attendees to proceed. This clause ensures orderly governance by establishing clear rules for decision-making and leadership selection, thereby preventing disputes and promoting transparency.
Election Meetings. Subject to Section 4.3(c), at each and every Election Meeting held after the Closing Date, each Stockholder hereby agrees to vote or act by written consent with respect to (or cause to be voted or acted upon by written consent) (i) all Shares held of record or beneficially owned by such Stockholder at the time of such vote or action by written consent and (ii) all Shares as to which such Stockholder at the time of such vote or action by written consent has voting control, in each case in favor of the election of the Directors nominated in accordance with Section 4.3 to serve on the Board.
Election Meetings. (a) There shall be established and maintained an Owners’ Committee of the Land consisting of a chairman, a secretary and not less than 1 other Committee member.
(b) The Owners’ Committee shall meet when circumstances require and, in any event, not less than once a year. A meeting of the Owners’ Committee may be convened at any time by the chairman or any 2 members of the Owners’ Committee.
(c) The person or persons convening the meeting of the Owners’ Committee shall, at least 7 days before the date of the meeting, give notice of the meeting to each member of the Owners’ Committee.
(d) The notice of meeting referred to in Clause 12.1(c) shall specify:
(i) the date, time and place of the meeting; and
(ii) the resolutions (if any) that are to be proposed at the meeting.
(e) The notice of meeting referred to in Clause 12.1(c) may be given:
(i) by delivering it personally to the member of the Owners’ Committee; or
(ii) by sending it by post to the member of the Owners’ Committee at his last known address; or
(iii) by leaving it at the member’s Unit or depositing it in the letter box for that Unit.
(f) No business shall be transacted at a meeting of the Owners’ Committee unless a quorum is present when the meeting proceeds to business and the quorum at a meeting of the Owners’ Committee shall be 50% of the members of the Owners’ Committee (rounded up to the nearest whole number) or 3 such members, whichever is the greater.
(g) A meeting of the Owners’ Committee shall be presided over by:
(i) the chairman; or
(ii) in the absence of the chairman, a member of the Owners’ Committee appointed as chairman for that meeting.
(h) The procedure at meetings of the Owners’ Committee shall be as is determined by the Owners’ Committee.