Common use of Weighted Voting Clause in Contracts

Weighted Voting. Each member of the Regional School Committee will exercise a weighted vote, rounded to the nearest hundredth of a percent, which will be calculated and established as of July 1 of each year as follows. The first half of the weighted vote for all of the member communities will be the same. (For example, if hypothetically there were 16 member communities, then the first half of each member’s weighted vote will be 1/16 of 50%, which would be 3.125%). The second half of each member community’s weighted vote will be computed as follows. Based on the official October 1 student enrollment figures as determined by the Department of Elementary and Secondary Education (“DESE”), or its successor agency, a four year “rolling average” of the school’s enrollment from member communities, using the most recent year’s October 1 enrollment figures and those from the three preceding years, will be established. Using the same methodology, each member community’s average percentage of student enrollment from all of the member communities for that period, rounded to the nearest hundredth of a percent, will be established and will be used as the second half of that member community’s weighted vote to become effective on the following July 1. (For example, if over the four year period a member community supplied an average of 8.67% of the school’s enrollment from all of the member communities, then, beginning on the following July 1 and extending for the next year, the second half of that member community’s weighted vote would be 8.67% of 50%, which would be 4.335%). The two halves will then be added together, and rounded to the nearest hundredth of a percent, to establish that community’s total weighted vote. (For example, using the hypotheticals expressed above in this paragraph, the hypothetical community’s total weighted vote as of the July 1 in question would be 3.125% plus 4.335%, which would add to 7.46%). Assuming that a quorum as defined in subsection (I) below is present, and except for a vote to approve the annual budget, to incur debt, or to approve an amendment to this Agreement, a combined total of weighted votes amounting to over 50% of the weighted votes present shall constitute majority approval. In order to approve the District’s annual budget, a combined total of weighted votes equal to or exceeding 66.67% of the weighted vote of the entire Committee (i.e., not merely two thirds of the weighted vote of those present) shall be required. In order to incur debt, a two-thirds (2/3) vote of all of the members of the Regional School Committee, without regard for the weight of the vote, shall be required. In order to approve an amendment to this Agreement, a three-fourths (3/4) vote of all of the members of the Regional School Committee, without regard for the weight of the votes, shall be required.

Appears in 7 contracts

Samples: Regional Agreement, Regional Agreement, Regional Agreement

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Weighted Voting. Each member of the Regional School Committee will exercise a weighted vote, rounded to the nearest hundredth of a percent, which will be calculated and established as of July 1 of each year as follows. The first half of the weighted vote for all of the member communities will be the same. (For example, if hypothetically hypothethically there were 16 member communities, then the first half of each member’s weighted vote will be 1/16 of 50%, which would be 3.125%). The second half of each member community’s weighted vote will be computed as follows. Based on the official October 1 student enrollment figures as determined by the Department of Elementary and Secondary Education (“DESE”), or its successor agency, a four year “rolling average” of the school’s enrollment from member communities, using the most recent year’s October 1 enrollment figures and those from the three preceding years, will be established. Using the same methodology, each member community’s average percentage of student enrollment from all of the member communities for that period, rounded to the nearest hundredth of a percent, will be established and will be used as the second half of that member community’s weighted vote to become effective on the following July 1. (For example, if over the four year period a member community supplied an average of 8.67% of the school’s enrollment from all of the member communities, then, beginning on the following July 1 and extending for the next year, the second half of that member community’s weighted vote would be 8.67% of 50%, which would be 4.335%). The two halves will then be added together, and rounded to the nearest hundredth of a percent, to establish that community’s total weighted vote. (For example, using the hypotheticals expressed above in this paragraph, the hypothetical community’s total weighted vote as of the July 1 in question would be 3.125% plus 4.335%, which would add to 7.46%). Assuming that a quorum as defined in subsection (I) below is present, and except for a vote to approve the annual budget, to incur debt, or to approve an amendment to this Agreement, a combined total of weighted votes amounting to over 50% of the weighted votes present shall constitute majority approval. In order to approve the District’s annual budget, a combined total of weighted votes equal to or exceeding 66.67% of the weighted vote of the entire Committee (i.e., not merely two thirds of the weighted vote of those present) shall be required. In order to incur debt, a two-thirds (2/3) vote of all of the members of the Regional School Committee, without regard for the weight of the vote, shall be required. In order to approve an amendment to this Agreement, a three-fourths (3/4) vote of all of the members of the Regional School Committee, without regard for the weight of the votesvote, shall be required.

Appears in 1 contract

Samples: Regional Agreement

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