Reserved Matters. Matters that require seventy-five percent (75%) approval by the "A" Members at a duly convened general meeting or in writing: 1 Permitting the admission of any additional Members of the Company. 2 Adopting or amending the Annual Business Plan in respect of each Financial Year. 3 Forming any Subsidiary or acquiring membership or shares in any other company or participating in any partnership or joint venture (incorporated or not). 4 Amalgamating or merging with any other company or business undertaking. 5 Entering into any arrangement, contract or transaction with either a capital or revenue value over [£500,000] which is not included in the current approved Business Plan. 6 Agreeing the appointment and the appointment terms (including any remuneration terms) of all Directors of the Company Directors. 7 Agreeing any remuneration terms for Directors. 8 Appointing or removing the chair of the Company. 9 Making any petition or resolution to wind up the Company or any Subsidiary. 10 Making any amendment to the Articles or any Subsidiary articles of association, including (without limitation) any rights of the Members. 11 Giving any guarantee to secure the liabilities of any person. 12 Creating any Encumbrance over the whole or any part of the Company or assets of any Subsidiary company.
Appears in 5 contracts
Samples: Members’ Agreement, Members’ Agreement, Members’ Agreement
