Common use of Majority Vote of Trustees Clause in Contracts

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.

Appears in 2 contracts

Samples: Restated Agreement and Declaration of Trust, Trust Agreement

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Majority Vote of Trustees. All action by the Trustees shall be by majority decision of those votingthe Employer and Union Trustees. Such majority vote shall govern not only this Article but any portion of this Agreement and Declaration of 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, or be- cause of the lack of a quorum at two consecutive meetings, the matter shall remain in status quo, pending may then be submitted to arbitration as set forth in Article IX hereofhereinafter provided.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust

Majority Vote of Trustees. All action by the Trustees shall be by majority decision of those votingthe Employer and Union Trustees. Such majority vote shall govern not only this Article but any portion of this Agreement and Declaration of 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, or because of the lack of a quorum at two consecutive meetings, the matter shall remain in status quo, pending may then be submitted to arbitration as set forth in Article IX hereofhereinafter provided.

Appears in 2 contracts

Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust

Majority Vote of Trustees. All Except as otherwise provided herein, all action by of the Trustees shall be by majority decision of those votingdecision. Such majority vote shall govern not only this Article Article, but any portion of this Restated Agreement and Declaration of Trust Agreement which refers to action by the Trustees, unless otherwise provided. In the event any matter presented for decision cannot be decided because of a tie vote, or, because of a lack of quorum at two (2) successive meetings, the matter shall remain be addressed as described in status quo, pending arbitration as set forth in Section 2 of Article IX hereofIII.

Appears in 1 contract

Samples: Trust Agreement

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Majority Vote of Trustees. All action by the Trustees shall be by majority decision decisions of those votingthe Employer and Union Trustees. Such majority vote shall govern not only this Article but any portion of this Restated 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, or because of the lack of a quorum at two consecutive meetings, the matter shall remain in status quo, pending may then be submitted to arbitration as set forth in Article IX hereofhereinafter provided.

Appears in 1 contract

Samples: Trust Agreement

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