Preliminary Vote definition
Examples of Preliminary Vote in a sentence
In the event that a Covered Person fails to participate in the Preliminary Vote, the votes of that Covered Person will be abstained and excluded from the vote for such matters.
The Preliminary Vote shall be conducted pursuant to procedures established by LAZ-MD, including meetings or by proxy or written instruction by or of the Covered Persons.
LAZ-MD shall be obligated (a) to attend as proxy, or cause a person designated by it and acting as lawful proxy to attend as proxy, each meeting of the stockholders of Lazard Ltd and to vote or to cause such designee to vote the Class B Common Stock over which it has the power to vote in accordance with the results of the Preliminary Vote as set forth in this Section 3.2, and (b) to develop procedures governing Preliminary Votes.
The Preliminary Vote shall be conducted pursuant to procedures established by the Shareholders' Committee.
The Preliminary Vote of each member of the Executive Committee shall be weighted based on the number of Class B Units owned by the Executive Committee member relative to the number of Class B Units owned by all members of the Executive Committee.
Notwithstanding any other provisions of this Agreement, (I) the right of any Principal and his or her Family Affiliate to participate in the Preliminary Vote, (II) the obligation of any Principal and his or her Family Affiliate to vote in accordance with Section 2.2 and (III) the irrevocable power of attorney and proxy provided by such Founder Stockholders pursuant to Section 2.2(b) shall, in each case, terminate at the close of business on the Employment Termination Date of such Principal.
Each Stockholder hereby further covenants and agrees to vote such Stockholder's Founder Shares at any full meeting of the Company's stockholders, in accordance with the results of the applicable Preliminary Vote (as defined in the Company Stockholders Agreement) in accordance with Article II of the Company Stockholders Agreement.
Each Stockholder hereby agrees that prior to the termination of this Agreement, at any Preliminary Vote (as defined in the Company Stockholders Agreement) of the Stockholders pursuant to the terms of the Company Stockholders Agreement, such Stockholder shall vote such Stockholder's Founder Shares in the same manner required by Sections 4.1(a), (b), (c), (d) and (e) above.
The Preliminary Vote shall be conducted pursuant to procedures established by the Stockholders' Committee.
Such Preliminary Vote shall be taken in accordance with procedures established from time to time by the Board or a committee designated by the Board, upon all such matters upon which such stockholder vote or other action is proposed to be taken.