Majority Status Sample Clauses

Majority Status. Long owns legally and beneficially a majority of the issued and outstanding shares of Allstar having voting rights (the "Majority Shares").
AutoNDA by SimpleDocs
Majority Status. Recognition by the Board of a sole and exclusive bargaining representative shall continue through the term of the Agreement between the Board and the Union; provided, however, that no sooner than ninety (90) days nor later than sixty (60) days prior to the expiration date of this Agreement. The Board or any employee organization may request a new determination as to the majority status of the Union. Such a request may be made by the Board if it has received written notice from at least thirty percent (30%) of the employees in the bargaining unit, as defined in Article 1, Section 1-1 of this Agreement, stating that they no longer desire to be represented by the Union. Such request may be made by any employee organization submitting to the Board the signatures of at least thirty percent (30%) of the employees in the bargaining unit as defined in Article 1, Section 1-1 of this Agreement authorizing and designating it to represent the employees as the sole and exclusive bargaining representative. To be valid, signatures must be no more than six (6) months old.
Majority Status. The College agrees that the Union may select the method for establishing its majority status, whether it be a card check or NLRB election. The Union may also determine the appropriate bargaining unit.

Related to Majority Status

  • Investment Company Status The Company is not, and upon consummation of the sale of the Securities will not be, an “investment company,” an affiliate of an “investment company,” a company controlled by an “investment company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company” as such terms are defined in the Investment Company Act of 1940, as amended.

  • Investor Status At the time such Investor was offered the Shares, it was, and at the date hereof it is, an “accredited investor” as defined in Rule 501(a) under the Securities Act. Such Investor is not a registered broker-dealer under Section 15 of the Exchange Act.

Time is Money Join Law Insider Premium to draft better contracts faster.