Common use of Majority Action Clause in Contracts

Majority Action. The action of a majority of the members expressed from time to time by a vote in a meeting or in writing without a meeting shall constitute the action of the Committee and shall have the same effect for all purposes as if assented to by all members of the Committee at the time in office.

Appears in 2 contracts

Samples: Employee Stock Plan (Kansas City Life Insurance Co), Kansas City Life Insurance Co

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Majority Action. The action of a majority of the members expressed from time to time by a vote in a meeting or in writing without a meeting shall constitute the action of the Committee and shall have the same effect for all purposes as if assented to by all members of the Committee at the time in office.. 9.5

Appears in 2 contracts

Samples: Life Employee Stock Plan (Kansas City Life Insurance Co), Kansas City Life Insurance Co

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