Majority Vote of Trustees Sample Clauses

Majority Vote of Trustees. All action by the Trustees shall be by majority decision of those voting. Such majority vote shall govern not only this Article but any portion of this Trust Agreement which refers to action by the Trustees. In the event any matter presented for decision cannot be decided because of a tie vote, the matter shall remain in status quo, pending arbitration as set forth in Article IX hereof.
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Majority Vote of Trustees. All action by Trustees shall be by majority decision of those voting. In the event an Employer Trustee(s) or a Union Trustee(s) is absent, and no alternate(s) have been appointed for a meeting, the remaining Union or Employer Trustees shall each have one and one-half (1 1/2) votes or three (3) votes, depending on the number of absent Trustees, but in no event shall either the Employer Trustees or the Union Trustees have more than three (3) votes respectively. Such majority decision shall govern not only this Article but any portion of this Agreement and Declaration of trust which refers to action by the Trustees. In the event any matter presented for decision cannot be decided because of a tie vote or the lack of a quorum at two successive meetings, the matter shall be submitted to arbitration, as set forth in Article IX hereof.
Majority Vote of Trustees. All action by Trustees will be by majority decision of those voting. In the event one or more Employer Trustees is absent, the remaining Employer Trustees will equally divide the vote of the absent Employer Trustee or Trustees. In the event one or more Union Trustees is absent, the remaining Union Trustees will equally divide the vote of the absent Union Trustee or Trustees. This requirement for a decision by a majority of Trustees voting will apply not only to this Article but to any portion of this Trust Agreement and Declaration of Trust which refers to action by the Trustees. If any matter presented to the Trustees for a decision cannot be decided because there is no quorum at two successive regular or special meetings, or because of a tie vote at any meeting, the matter may be submitted to arbitration, as stated in Article IX of this Trust Agreement.
Majority Vote of Trustees. Except as provided in Article V, Section 3 and Article VIII, Section 5, all action by the Trustees at a meeting at which a quorum is present shall be by a majority of those present; provided, however, that any Trustee may, either before or after a majority vote has been taken, require that action of the Trustees be determined by a unit vote as follows: (a) The WGA Trustees collectively shall have one (1) vote upon the question. The Producer Trustees collectively shall have one (1) vote on the question. (b) The vote of the Producer Trustees shall be deter- mined by a majority of the Producer Trustees present, pro- vided that at least one Trustee appointed by the Network Companies and at least one Trustee appointed by the Alliance votes with such majority, and the vote of the WGA Trustees shall be determined by a majority of the WGA Trustees
Majority Vote of Trustees. Except as provided in Section 3 (actions by unanimous written consent), all actions taken by the Trustees will be by majority vote of the Trustees participating in a duly constituted meeting of the Trustees. Such majority vote shall govern not only this Article but also any portion of this Trust Document, which refers to action by the Trustees. In the event any matter presented for decision cannot be decided because of a tie vote, or because of the lack of a quorum at two (2) consecutive meetings, the matter may then be submitted to arbitration as herein provided.

Related to Majority Vote of Trustees

  • Number of Trustees (a) The number of Trustees shall initially be four, provided that the Depositor by written instrument may increase or decrease the number of Administrative Trustees. (b) If a Trustee ceases to hold office for any reason and the number of Administrative Trustees is not reduced pursuant to Section 8.17(a), or if the number of Trustees is increased pursuant to Section 8.17(a), a vacancy shall occur. The vacancy shall be filled with a Trustee appointed in accordance with Section 8.10. (c) The death, resignation, retirement, removal, bankruptcy, incompetence or incapacity to perform the duties of a Trustee shall not operate to annul the Trust. Whenever a vacancy in the number of Administrative Trustees shall occur, until such vacancy is filled by the appointment of an Administrative Trustee in accordance with Section 8.10, the Administrative Trustees in office, regardless of their number (and notwithstanding any other provision of this Trust Agreement), shall have all powers granted to the Administrative Trustees and shall discharge the duties imposed upon the Administrative Trustees by this Trust Agreement.

  • Meetings of Trustees Section 2.1

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