Common use of Voting by Chair Clause in Contracts

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

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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

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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

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