Majority Agreement Clause Samples

A majority agreement clause establishes that decisions or actions under a contract require the approval of more than half of the relevant parties or members. In practice, this means that if a group is responsible for making choices—such as a board of directors or a committee—any resolution or action will only proceed if a majority supports it, regardless of whether the vote is unanimous. This clause ensures efficient decision-making by preventing a small minority from blocking actions, thereby streamlining processes and reducing the risk of deadlock.
Majority Agreement. Where agreement has been reached with the majority of employees in the workplace or a section or sections of it to implement a facilitative provision in 2.2.3(a), the employer may not implement that agreement unless: (i) it complies with 2.2.2(b), 2.2.2(c) and where specified 2.2.5; and (ii) agreement has been reached with each individual employee to be covered by the facilitative provision.
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Majority Agreement. Where agreement has been reached with the majority of employees in the workplace or a section or sections of it to implement a facilitative provision in 2.2.3(a), that agreement is binding on all employees in the plant section or sections concerned.
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Majority Agreement. Clause 18.1(b)(iii) Hours in excess of 8.75 up to ten hours - day work - Level 1 Clause 18.1(b)(iv) Hours in excess of 10 and less than 12 - Level 3 Clause 18.1(b)(iv) Twelve ordinary hours - day work - Level 3 and Clause 18.1(c) Length of work cycle - day work - Level 2 Clause 18.1(d) Ordinary hours worked on Saturday and/or Sunday- day work - Level 3 Clause 18.2(a)(iii) Hours in excess of 8.75 up to ten hours –other than continuous shift work - Level 1 Clause 18.2(a)(iv) Hours in excess of 10 and less than 12 – Level 3 Clause 18.2(a)(iv) Twelve ordinary hours - other than continuous shift work - Level 3 and 6.1.4(f) Clause 18.2(b) Length of work cycle - other than continuous shift work -Level 2 Clause 18.2(d) Ordinary hours worked on Saturday and/or Sunday- other than continuous shift work - Level 3 Clause 18.3(b)(iii) Hours in excess of 8 up to ten hours – continuous shift work - Level 1 Clause 18.3(b)(iv) Hours in excess of 10 and less than 12 – Level 3 Clause 18.3(b)(iv) Twelve ordinary hours - continuous shift work - Level 3 and 6.1.4(f) Clause 18.3(c) Length of work cycle - continuous shift workers - Level 2 Clause 18.3(f) Ordinary hours worked on Saturday and/or Sunday – continuous shift work - Level 3 Clause 30 Substitution of a public holiday - Level 1
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Majority Agreement. [2.3.7(c) corrected by S2976 from 01Feb00] 6.1.1 (b)(iii) Hours in excess of 8.75 up to ten hours - day work - Level 1 6.1.1 (b)(iv) Hours in excess of 10 and less than 12 - Level 3 6.1.1(b)(iv) Twelve ordinary hours - day work - Level 3 and 6.1.4(f) 6.1.1(c) Length of work cycle - day work - Level 2
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Majority Agreement. Clause 18.1(b)(iii) Hours in excess of 8.75 up to ten hours - day work -Level 1 Clause 18.1(b)(iv) Hours in excess of 10 and less than 12 - Level 3 Clause 18.1(b)(iv) Twelve ordinary hours - day work - Level 3 and Clause 18.1(c) Length of work cycle - day work - Level 2 Clause 18.1(d) Ordinary hours worked on Saturday and/or Sunday- day work - Level 3 Clause 18.2(a)(iii) Hours in excess of 8.75 up to ten hours – other than continuous shift work - Level 1 Clause 18.2(a)(iv) Hours in excess of 10 and less than 12 – Level 3 Clause 18.2(a)(iv) Twelve ordinary hours - other than continuous shift work - Level 3 and 6.1.4(f) Clause 18.2(b) Length of work cycle - other than continuous shift work -Level 2
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Majority Agreement. Where agreement has been reached with the majority of employees in the workplace or sections of it to implement a facilitative provision, Hydro Tasmania may not implement that agreement unless: (i) it complies with clause 23.2(b) (Facilitation by Individual Agreement) and where specified clause 23.5 (Additional Safeguard), and (ii) agreement has been reached with each individual employee to be covered by the facilitative provision.
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Related to Majority Agreement

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • of the Existing Credit Agreement Subsection 6.4(iii) of the Existing Credit Agreement is hereby amended and restated to read as follows:

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Standstill Agreement During the period beginning at the Effective Time and ending on the later of (x) the day the Stockholder Designee is no longer a director and (y) two weeks prior to the deadline for the submission of notices of stockholder nominations or proposals under the Company Bylaws for the 2017 Annual Meeting (the “Standstill Period”), neither of the Stockholders shall, and each of the Stockholders shall cause its Affiliates and Associates under its control or direction, in each case either directly or indirectly, not to: (a) solicit (as such term is used in the proxy rules of the SEC) proxies or consents, become a “participant” in a “solicitation,” as such terms are defined in Instruction 3 of Item 4 of Schedule 14A and Rule 14a-1 of Regulation 14A, respectively, under the Exchange Act or conduct any other type of referendum (binding or non-binding) in each case with respect to, or from the holders of, any shares of Company Common Stock or assist any third party in any solicitation of any proxy, consent or other authority (as such terms are defined under the Exchange Act) to vote any shares of Company Common Stock in each case in opposition to the recommendation or proposal of the Board; (b) seek to call, or to request the calling of, a special meeting of the Company’s stockholders, or make a request for a list of the Company’s stockholders or for any books and records of the Company; (c) except as specifically permitted in Section 3(c) of this Agreement, nominate persons for election to, or seek to remove any person from, the Board or propose any other business at any meeting of the Company’s stockholders or initiate, encourage or participate in any “withhold” or similar campaign with respect to any meeting of the Company’s stockholders; (d) commence, encourage, support or join as a party any litigation, arbitration or other proceeding (including a derivative action) against or involving the Company or any of its current or former directors or officers (including derivative actions) other than to enforce the provisions of this Agreement; (e) seek or propose any merger, acquisition, recapitalization, restructuring, disposition or other extraordinary transaction involving the Company; or (f) take or encourage any action, alone or in concert with others, to (i) form, join or in any way participate in a “group” (as defined under the Exchange Act) (other than a group comprised solely of the Stockholders and their respective Affiliates and Associates) with respect to the Company, (ii) otherwise act, alone or in concert with others, to seek representation on or to control the management, the Board or the policies, strategy, operations or governance of the Company, to control the composition of management or the Board (except as provided in Section 3(c) of this Agreement), (iii) take any action that would or would reasonably be expected to force the Company or either of the Stockholders to make a public announcement regarding any of the types of matters set forth in the foregoing provisions of this Section 4 or (iv) take any action challenging the validity or enforceability of any of the provisions of this Section 4. Notwithstanding the foregoing, nothing in this Agreement shall prohibit or restrict the Stockholder Designee from exercising his or her rights and fiduciary duties as a director of the Company. The foregoing provisions of this Section 4 shall not be deemed to prohibit either of the Stockholders from (i) engaging in ordinary course stockholder communications (which may include a Stockholder presenting its opinions) privately with the Company or its Board members or employees or (ii) privately requesting a waiver of any of the foregoing provisions of this Section 4.

  • Amendment and Restatement of the Existing Credit Agreement The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 3.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to and shall not constitute a novation. All loans made and obligations incurred under the Existing Credit Agreement which are outstanding on the Effective Date shall continue as Obligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Agent, this Agreement and the Loan Documents, (b) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents, (c) the Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit and loan exposure under the Existing Credit Agreement as are necessary in order that each such Lender’s outstanding Revolving Credit Advances hereunder reflect such Lender’s Pro Rata Share of the outstanding aggregate Revolving Credit Advances on the Effective Date, (d) the Existing Revolving Credit Advances (as defined in Section 2.01) of each Departing Lender shall be repaid in full (accompanied by any accrued and unpaid interest and fees thereon), each Departing Lender’s “Commitment” under the Existing Credit Agreement shall be terminated and each Departing Lender shall not be a Lender hereunder, and (e) the Borrower hereby agrees to compensate each Lender (including each Departing Lender) for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate Advances (including the “Eurodollar Rate Advances” under the Existing Credit Agreement) and such reallocation described above, in each case on the terms and in the manner set forth in Section 8.04(c) hereof.