Examples of Supermajority Vote of the Board of Directors in a sentence
The Board of Directors, by resolution adopted by a Full Supermajority Vote of the Board of Directors, may designate from among its members or other interested parties one or more other special committees, each of which, to the extent provided in the resolution, may exercise some of the authority of the Board of Directors, except as limited by the laws of the state of incorporation.
Each Upper Tier Subsidiary agrees that it shall not engage in or undertake any Special Approval Matter unless such action by such Upper Tier Subsidiary has been approved by a Supermajority Vote of the Governing Board of such Upper Tier Subsidiary by Supermajority Vote of the Board of Directors of JVCO or by both Shareholders (in the manner specified in Section 3.07).
The Chief Operating Officer may not be removed from such office without cause unless such removal is approved by a Supermajority Vote of the Board of Directors.
Each Upper Tier Subsidiary agrees that it shall cause its Subsidiaries that are Wholly-Owned Operational Subsidiaries not to authorize, approve, engage in or undertake any Special Approval Matter unless such action by such Wholly-Owned Operational Subsidiary has been approved by a Supermajority Vote of the Governing Board of such Upper Tier Subsidiary or by Supermajority Vote of the Board of Directors of JVCO or by both Shareholders (in the manner specified in Section 3.07).
Members or Associates suspended or expelled pursuant to Section 3.6 may be reinstated upon a Supermajority Vote of the Board of Directors.
Any Party may (for itself but not for or on behalf of any other Party) (i) extend the time for the performance of any of the obligations or other acts of any other Party, or (ii) waive compliance with any of the agreements of any other Party; provided that any waiver by JVCO must be approved by a Supermajority Vote of the Board of Directors or approved by both CMH and FSPV.
Each Wholly-Owned Operational Subsidiary agrees that it shall not engage in or undertake any Special Approval Matter unless such action by such Wholly-Owned Operational Subsidiary has been approved by a Supermajority Vote of the Governing Board of the Applicable Upper Tier Parent, by Supermajority Vote of the Board of Directors of JVCO or by both Shareholders (in the manner specified in Section 3.07).
The Chief Financial Officer may not be removed from such office without cause unless such removal is approved by a Supermajority Vote of the Board of Directors.