Action by Majority Vote if a Committee. If the Administrator is a committee, its action in all matters, questions and decisions shall be determined by a majority vote of its members qualified to act thereon. They may meet informally or take any action without the necessity of meeting as a group.
Appears in 3 contracts
Samples: Master Defined Contribution Plan (Southern National Bancorp of Virginia Inc), Plan and Trust Agreement (Eskimo Pie Corp), Eskimo Pie Corp
Action by Majority Vote if a Committee. If the Administrator is a committeecommittee of the Board, its action in all matters, questions and decisions shall be determined by a majority vote of its members qualified to act thereon. They may meet informally or take any action without the necessity of meeting as a group.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Mainstreet Bankshares Inc), Supplemental Executive Retirement Agreement (Mainstreet Bankshares Inc)
Action by Majority Vote if a Committee. If the Administrator is a -------------------------------------- committee, its action in all matters, questions and decisions shall be determined by a majority vote of its members qualified to act thereon. They may meet informally or take any action without the necessity of meeting as a group.
Appears in 1 contract
Samples: Adoption Agreement (Eskimo Pie Corp)