Examples of Uncontested Election in a sentence
Approval of the shareholders is required to elect a director in any Uncontested Election of directors.
A Director who is required to offer his or her resignation in accordance with this Section 1 shall not be present during deliberations or voting of the Committee or the Board regarding whether to accept his or her resignation or, except as otherwise provided below, a resignation offered by any other Director in accordance with this Section 1 with respect to the same Uncontested Election.
In the event that the number of candidates validly nominated exceeds the minimum number of places to be filled, but is less than or equal to maximum number of places to be filled, the Returning Officer shall publish a Notice of Uncontested Election.
The Board is committed to the principle that thorough review and consideration should be undertaken if director-nominees do not receive the vote of a Majority of the shares voted in an Uncontested Election.
Any nominee for Director in an Uncontested Election (as defined below) who receives a greater number of votes “withheld” or “against” his or her election than votes “for” such election, with “abstentions” and Broker Non-Votes (as defined below) not counted as votes cast with respect to such nominee’s election, shall, promptly following certification of the Shareholder vote, offer his or her resignation to the Board to be conditioned upon acceptance by the Board.