Voting by Chair. (a) If the Trustees appointed under Section 4.1 designate a Chair in accordance with subsection 5.1(a), those Trustees must determine whether the Chair is entitled to a second or casting vote. (b) If the Trustees appointed under Section 4.1 appoint a Chair in accordance with subsection 5.1(b), those Trustees must determine whether the Chair has a vote and, if so, whether the Chair is entitled to a second or casting vote. (c) Any determination pursuant to subsection (a) or (b) remains in effect until the Trustees appointed under Section 4.1 determine otherwise. (d) If the Chair is a Trustee appointed under Section 4.1 and the Chair is entitled to a second or casting vote, an alternate Trustee appointed for that Trustee shall not be entitled to a second or casting vote.
Appears in 2 contracts
Samples: Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement
Voting by Chair.
(a) If the Trustees appointed under Section 4.1 designate a Chair in accordance with subsection 5.1(a), those Trustees must determine whether the Chair is entitled to a second or casting vote.vote.
(b) If the Trustees appointed under Section 4.1 appoint a Chair in accordance with subsection 5.1(b), those Trustees must determine whether the Chair has a vote and, if so, whether the Chair is entitled to a second or casting vote.vote.
(c) Any determination pursuant to subsection (a) or (b) remains in effect until the Trustees appointed under Section 4.1 determine otherwise.
(d) If the Chair is a Trustee appointed under Section 4.1 and the Chair is entitled to a second or casting vote, an alternate Trustee appointed for that Trustee shall not be entitled to a second or casting vote.
Appears in 1 contract
Samples: Joint Trust Agreement
Voting by Chair.
(a) If the Trustees appointed under Section 4.1 designate a Chair in accordance with subsection 5.1(a), those Trustees must determine whether the Chair is entitled to a second or casting vote.
(b) If the Trustees appointed under Section 4.1 appoint a Chair in accordance with subsection 5.1(b), those Trustees must determine whether the Chair has a vote and, if so, whether the Chair is entitled to a second or casting vote.
(c) Any determination pursuant to subsection (a) or (b) remains in effect until the Trustees appointed under Section 4.1 determine otherwise.otherwise.
(d) If the Chair is a Trustee appointed under Section 4.1 and the Chair is entitled to a second or casting vote, an alternate Trustee appointed for that Trustee shall not be entitled to a second or casting vote.
Appears in 1 contract
Samples: Joint Trust Agreement