Amendment by Directors Sample Clauses
The "Amendment by Directors" clause grants a company's board of directors the authority to modify, alter, or update certain documents, such as bylaws or internal policies, without requiring approval from shareholders or other parties. Typically, this clause outlines the scope of the directors' amendment powers, any limitations or procedures they must follow, and may specify which documents or provisions can be changed. Its core practical function is to provide flexibility and efficiency in corporate governance, enabling directors to respond quickly to changing circumstances or legal requirements without the delays of broader approval processes.
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Amendment by Directors. Except as otherwise provided by law, the By-laws of the Corporation may be amended or repealed by the Board of Directors by the affirmative vote of a majority of the Directors then in office.
Amendment by Directors. Subject to the rights of the shareholders as provided in Section 7.01 to adopt, amend or repeal bylaws, bylaws may be adopted, amended, or repealed by the board of directors; provided, however, that the board of directors may adopt a bylaw or amendment of a bylaw changing the authorized number of directors only for the purpose of fixing the exact number of directors within the limits specified in the articles of incorporation or in Section 3.02 of these bylaws.
Amendment by Directors. Subject to the rights of the shareholders as provided in Section 9.1 of these By-Laws, By-Laws, other than a By-Law or an amendment of a By-Law changing the authorized number of directors (except to fix the authorized number of directors pursuant to a By-Law providing for a variable number of directors), may be adopted, amended or repealed by the Board of Directors.
Amendment by Directors. The Board of Directors shall have the power without the assent or vote of the shareholders to adopt by-laws, and except as hereinafter provided in Section 2 of this Article, and subject to such limitations as may be imposed by law, to rescind, alter, amend or repeal by a vote of a majority of the whole Board of Directors any of the by-laws, whether adopted by the Board of Directors or by the shareholders.
Amendment by Directors. Except as otherwise required by law, these Bylaws may be amended or repealed by the Board of Directors by the affirmative vote of a majority of the directors then in office (so long as a quorum is present).
Amendment by Directors. 23 BYLAWS OF THE LIGHTSPAN PARTNERSHIP, INC.
Amendment by Directors. Except as otherwise provided by law, the Bylaws of the Corporation may be adopted, amended or repealed by the Board of Directors.
Amendment by Directors. Subject to the rights of the shareholders under Section 9.1 of these Bylaws, bylaws may be adopted, amended or repealed by the Board, except that the adoption or amendment of a bylaw which specifies or changes the number of directors on a fixed-number Board, or the minimum or maximum number of directors on a variable-number Board, or which changes from a fixed-number Board to a variable-number Board or vice versa, must be adopted by the affirmative vote or written consent of the holders of a majority of the outstanding shares entitled to vote.
Amendment by Directors. In furtherance and not in limitation of the powers conferred upon it by law, the Board is expressly authorized and empowered to adopt, amend and repeal the Bylaws by the affirmative vote of a majority of the Board.
Amendment by Directors. Subject to the rights of the stockholders as provided in Section 1 of this Article IX, to adopt, amend or repeal bylaws, bylaws may be adopted, amended or repealed by the board of directors. As Amended 1/28/99 EXHIBIT 10.8.2.1 EMPLOYMENT AGREEMENT -------------------- This EMPLOYMENT AGREEMENT is entered into by and between ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Corporation, a Delaware corporation (the "Company") and ▇▇▇▇▇▇ ▇. ▇▇▇▇ (the "Executive"), effective as of May 1, 1998. The Board of Directors of the Company (the "Board") has determined that it is in the best interests of the Company and its shareholders to enter into a new Employment Agreement with Executive to assure that the Company will have the continued dedication of the Executive. This Agreement contains the entire agreement between the parties with respect to the matters specified herein and supersedes all prior oral and written employment agreements, understandings and commitments between the Company and Executive and any Executive Employment Security Policy of the Company covering the Executive; except that the Option to Purchase Agreement between the Company and Executive dated February 22, 1993, relating to a painting located in Executive's office, shall remain in effect.