Examples of Majority Board Vote in a sentence
The Board may, by resolution passed by a Majority Board Vote, designate one or more additional committees, each committee to consist of one or more of the Directors.
If any vacancy shall occur in the office of any Executive Officer, such vacancy shall be filled by appointment made by a Majority Board Vote.
To the extent permissible under applicable law, the Fiscal Year may be changed by a Majority Board Vote.
The Company's independent public accountant may be changed at any time by a Majority Board Vote.
Executive Officers may be removed from office at any time, with or without cause, by a Majority Board Vote at any regular meeting or any special meeting.
From and after the Effective Time, potential candidates for offices of each of the TAM COO and TAM CCO shall be jointly selected and recommended to the TAM Board by the TAM CEO and the TAM CFO and shall be approved by a Majority Board Vote of the TAM Board.
No person shall be admitted as a new Member and the Company shall not authorize the issuance of interest in the Company of any kind that could or would entitle the recipient thereof to the rights of a Member or that would cause (or entitle) such person to receive an interest (other than collateral security interests granted by the Company to secure its obligations) in the assets or profits of the Company unless approved by a Majority Board Vote as defined in Section 4.1(g).
A Majority Board Vote taken at any meeting at which a quorum is present shall be the act of the Board of Directors, subject to any additional requirements as may be set forth in the Certificate of Incorporation.
Executive Officers shall be elected by a Majority Board Vote, and the other Officers shall be elected by a Majority Board Vote at any regular or special meeting of the Board, provided that until such elections or appointments have been made, the Officers shall be the natural persons designated on SCHEDULE B annexed hereto.
As used in these By-laws, "Majority Board Vote" means (i) prior to the occurrence of a Conversion Event, the affirmative vote of Directors on the Board of Directors entitled to cast a majority of the 1,000 weighted votes of the Board of Directors and (ii) upon and after the occurrence of a Conversion Event, the affirmative vote of a majority of the Directors on the Board of Directors then in office.