Examples of Voting Committee in a sentence
In the event any person who is then serving as a member of the Voting Committee resigns or is otherwise unable to continue to serve as such, then the remaining members of the Voting Committee will appoint the successor Voting Committee member.
One of my descendants, and one of my sister’s descendants, will constitute the General Partnership Voting Committee.
The General Partnership Voting Committee may at any time by giving written notice to the Trustees of the trusts owning the general partnership units of Teebank Family Limited Partnership and Jaytee Properties Limited Partnership replace the Tiebreaker with an individual over the age of 30 at such time, and will do so within 45 days of the death or disability of the Tiebreaker.
The spouse of a deceased or disabled descendant may participate in choosing a family representative on behalf of any minor descendant of a child of mine or my sister, but only descendants of my mother may serve as a member of the General Partnership Voting Committee.
Further, Republic Bancorp, as a corporation, has created, and will maintain, a committee that at an appropriate time may entertain sale of Republic Bancorp and it is my expectation that the General Partnership Voting Committee and the Republic Shares Voting Committee will give due regard to that corporate committee.
Accordingly, I have directed the General Partner Voting Committee to take direction from the Republic Shares Voting Committee when voting shares of Republic Bancorp, including the sale of the bank.
The members of the General Partnership Advisory Committee and Republic Shares Voting Committee will be fiduciaries but no member of either Committee will at any time be held liable for any action taken or not taken (including any action taken or not taken in exercising a business judgment) unless such member has acted in willful misconduct, bad faith or self-dealing.
If the two descendants of my mother who are members of the General Partnership Voting Committee cannot agree then the Tiebreaker will cast the deciding vote and the vote of the General Partnership Voting Committee will be considered to be that of the Tiebreaker.
The General Partnership Voting Committee will control all other issues of Teebank and Jxxxxx, subject to the principal distribution limitations set forth below.
Notwithstanding the foregoing, with respect to the voting of all securities in Republic Bancorp that are subject to the General Partnership Voting Committee, I direct the General Partnership Voting Committee to follow the written direction of the Republic Shares Voting Committee as set forth in my Revocable Trust as amended to the date of my death and the Txxxxx Trust of 2012 as in effect at my death as modified by the exercise of my power of appointment over the trusts administered by such instrument.