Vote of the Members Sample Clauses

Vote of the Members. (a) Each Member of the Committee present at the meeting shall have one vote. Except as otherwise specified in this Trust Agreement, all actions of the Committee shall be by majority vote of the entire Committee, provided that at least one Independent Member and one Union Member must be a Member in the majority for any Committee action to take effect. Notwithstanding anything in this Subsection 9.9(a) to the contrary, any action by the Committee taken after the 2011 calendar year that would not be permitted under Subsection 10.2(d) before the expiration of the 2011 calendar year shall require an affirmative vote of nine (9) Members to take effect.
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Vote of the Members. Vote of the Members" shall mean a vote by a majority of Interest in the Company.
Vote of the Members. Upon the affirmative vote or act of not less than two- thirds in number of the Members.
Vote of the Members. (a) Each Member of the Committee present at the meeting shall have one vote. Except as otherwise specified in this Trust Agreement, all actions of the Committee shall be by majority vote of the entire Committee, provided that at least one Independent Member and one Union Member must be a Member in the majority for any Committee action to take effect. Notwithstanding anything in this Subsection 9.9(a) to the contrary, any action by the Committee to establish or modify Benefits shall require an affirmative vote of nine (9) Members to take effect.
Vote of the Members. The LLC shall be dissolved on the date of a two-thirds vote of the members to dissolve it.
Vote of the Members. Except to the extent expressly authorized pursuant to this Agreement or the Operating Plan and Budget, neither the Managers nor any individual acting on the Manager's behalf or on behalf of the Company, including, without limitation, any Officer of the Company, shall have the power or authority, on behalf of the Company, to undertake any of the following without the approval by the Majority Vote of the Members:
Vote of the Members. The Company may not take any of the following actions without the approval of one hundred percent (100%) of the outstanding Units:
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Related to Vote of the Members

  • The Members Members are the owners of the Company. Members are not entitled to compensation for services furnished to the Company in the Member’s capacity as a Member. The name and residential address of each Member is contained in Exhibit 1 attached to this Agreement. Each Member’s initial membership interest is the percentage set forth in Exhibit 1. An unauthorized transfer of a Member’s interest could create a substantial hardship for the Company. Consequently, the Members agree to the restrictions and procedures affecting the ownership and transfer of the Members’ interests as identified in Article VII. The Members acknowledge these restrictions are not intended to penalize, but rather are intended to protect and preserve the existing trust-based relationships, the Company’s capital, and the Company’s financial ability to continue its operations.

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