Common use of Nomination and Election of the Non Clause in Contracts

Nomination and Election of the Non. Voting Chair. A non-voting Chair will be elected by the Voting Directors according to this Section 7.1(c)(iv) at a time of their choosing. Each such Voting Director may nominate one (1) candidate for the Chair, who must be a natural person who is not affiliated with any of the Members. The Chair must be elected by a majority of the votes cast by the Voting Directors, provided that if no candidate receives a majority of votes cast, the candidate with the lowest vote total will be eliminated from consideration, and the Voting Directors will vote again, with the process repeating itself until a candidate receives a majority of the votes cast. In the absence of a duly elected Chair, the Board shall assign the duties of the Chair to an officer or agent.

Nomination and Election of the Non. Voting Chair. A non-voting Chair will be elected by the Voting Directors according to this Section 7.1(c)(iv) at a time of their choosing. Each such Voting Director may nominate one (1) candidate for the Chair, who must be a natural person who is not affiliated with any of the Members. The Chair must be elected by a majority of of‌ the votes cast by the Voting Directors, provided that if no candidate receives a majority of votes cast, the candidate with the lowest vote total will be eliminated from consideration, and the Voting Directors will vote again, with the process repeating itself until a candidate receives a majority of the votes cast. In the absence of a duly elected Chair, the Board shall assign the duties of the Chair to an officer or agent.