No Cumulative Voting. At each election for directors, every stockholder entitled to vote at such election has the right to vote in person or by proxy the number of shares held by such stockholder for as many persons as there are directors to be elected. No cumulative voting for directors, however, shall be permitted.
Appears in 3 contracts
Samples: Merger and Share Exchange Agreement (Asta Holdings, Corp.), Merger and Share Exchange Agreement (Asta Holdings, Corp.), Merger Agreement (Kalahari Greentech Inc.)
No Cumulative Voting. At each election for directors, every stockholder shareholder entitled to vote at such election has the right to vote in person or by proxy the number of shares held by such stockholder shareholder for as many persons as there are directors to be elected. No cumulative voting for directors, however, directors shall be permitted.
Appears in 2 contracts
Samples: Merger Agreement, Merger Agreement (Zymogenetics Inc)
No Cumulative Voting. At each election for of directors, every stockholder entitled to vote at such election has shall have the right to vote in person or by proxy the number of shares held owned by such stockholder him for as many persons as there are directors to be electedelected and for whose election he has a right to vote. No cumulative voting for stockholder shall have the right to cumulate his votes in any election of directors, however, shall be permitted.
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No Cumulative Voting. At each election for directors, every stockholder shareholder entitled to vote at such election has the right to vote in person or by proxy the number of shares held by such stockholder shareholder for as many persons as there are directors to be elected. No cumulative voting for directors, however, directors shall be permitted.. Plan of Merger 5
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