Vote Required for Actions Sample Clauses
The 'Vote Required for Actions' clause defines the specific voting threshold or majority needed for a group or governing body to approve certain decisions or actions. Typically, this clause outlines whether a simple majority, supermajority, or unanimous consent is necessary for actions such as amending bylaws, authorizing expenditures, or making significant organizational changes. By clearly specifying the level of agreement required, this clause ensures that important decisions reflect the collective will of the group and prevents unilateral or minority-driven actions, thereby promoting fairness and organizational stability.
Vote Required for Actions. The vote or consent, as applicable, of at least two Committee Members present at a meeting of the Employee Shareholders Committee or acting by written consent (or of the sole Committee Member, if there is only one such member) shall be the act of the Employee Shareholders Committee.
Vote Required for Actions. At any time that the AIC Designee has the sole right to determine how to vote all Covered Common Stock pursuant to Section 4.1(b), the AIC Designee’s vote or consent shall be the act of the Stockholders’ Committee. At any other time, the vote or consent, as applicable, of at least two members of the Stockholders’ Committee present at a meeting of the Stockholders’ Committee or acting by written consent (or of the sole member of the Stockholders’ Committee, if there is only one such member) shall be the act of the Stockholders’ Committee.
Vote Required for Actions. Except where a greater percentage is required by this Agreement or by law, all actions taken by the Company requiring a vote by the Members will be taken upon a Majority Vote of the Members, with respect to percentage of LLC Interests. No vote will be required on any matter which is within the powers of the Manager, and the Manager will have exclusive authority in the operation of the Company's affairs.