Quorum and Votes Clause Samples
The 'Quorum and Votes' clause defines the minimum number of members or representatives required to be present for a meeting to officially conduct business and outlines how voting decisions are made. Typically, it specifies what constitutes a quorum—such as a majority or a fixed percentage of members—and details the voting process, including how many votes are needed to pass resolutions or take action. This clause ensures that decisions are made with sufficient participation, preventing a small, unrepresentative group from making binding decisions on behalf of the whole.
Quorum and Votes. Two (2) members of the JLMC representing each party shall be a quorum to transact official business. JLMC decisions shall be by a majority vote. The number of votes cast by the representatives of either party shall not exceed the number of votes cast by the other party regardless of the number of representatives present. The decision of the JLMC shall be final and binding except as otherwise provided in this Agreement.
Quorum and Votes. A simple majority of Directors then in office shall constitute a quorum for the transaction of business. Except as applicable law otherwise requires, the vote of a majority of a quorum is sufficient to carry an action; provided (1) that all approved actions of the Board of Directors shall be supported by at least one representative from each of the following: (a) the Mendocino County Inland Water and Power Commission; and (b) either Sonoma County Water Agency or the County of Sonoma; and (2) that any direct financial or legal obligation of a Member Agency to the Authority shall require approval of the Director appointed by that Member Agency. Directors may not cast proxy or absentee votes. Each Director shall have an equal vote.
Quorum and Votes. A quorum of PEB members is required to consider binding decisions. The quorum need not all be physically present in the same location (see iv below). A majority of PEB members shall constitute a quorum. A vote of a majority of the quorum is required to approve binding decisions, unless otherwise provided in this agreement. Nonetheless, it is the intent of the PEB to seek consensus on all matters brought before them.
Quorum and Votes. A. The quorum for decisions of the Investment Committee shall be any two members of whom one shall be a member nominated by Datai Bay Investment Ltd. (or his proxy). A duly convened meeting of the Investment Committee which is quorate shall have the power to exercise all or any of the powers, authorities or discretions vested in or exercisable by the Investment Committee.
B. At any time prior to the IPO, questions arising at any Investment Committee’s meeting shall be decided unanimously by all the members present at a meeting.
Quorum and Votes. (a) One more than half of the Directors of the Board shall constitute a quorum for the purpose of transacting business.
(b) The affirmative vote of a majority of the Board then present shall be required for the Authority to take action, except:
(i) where different voting requirements are provided for by applicable law; and
(ii) approval and amendments of Authority budgets and admission or expulsion of Member Agencies shall require a two-thirds vote of the Board. If the Board is unable to obtain a two-thirds in favor or opposed to an item after three (3) attempts during at least two (2) meetings, the item will be submitted to a special assembly of the Authority. This special assembly shall be composed of the assessor or designee of each Member Agency, and the special assembly shall consider the item which may be approved or disapproved by majority vote of those special assembly members present. The Chair of the Board, or Vice-Chair if the Chair is not present, shall preside over the special assembly. The special assembly shall be a public meeting subject to the Brown Act (Government Code title 5, division 2, part 1, chapter 9, commencing at section 54950). The Authority Secretary shall schedule, prepare the agenda and supporting material for, and otherwise facilitate the special assembly. The agenda for the special assembly shall be posted and sent to each Member Agency at least ten (10) days in advance.
(c) In the absence of a quorum at any meeting of the Board, a majority of the directors present, or the Authority Secretary in the absence of all directors, may adjourn the meeting from time to time without further notice, but no other business may be transacted.
Quorum and Votes