Bylaw Provisions Clause Samples
The BYLAW PROVISIONS clause defines the rules and regulations that govern the internal management and operations of a corporation or organization. These provisions typically outline procedures for meetings, voting rights, the roles and responsibilities of directors and officers, and other governance matters. By establishing clear guidelines for how the organization is to be run, this clause ensures consistency, transparency, and legal compliance in the entity’s day-to-day activities.
Bylaw Provisions. Notwithstanding anything to the contrary contained within this Agreement, if CCA either: i. does not adopt within sixty (60) days of the City Council approval of the Concept Plan the changes to the bylaws of City of Belle Isle Charter Schools, Inc. that
Bylaw Provisions. Effective upon the Company’s adoption of the amended and restated bylaws in substantially the form attached as Annex A hereto (the “A&R Bylaws”), the Company and the Stockholder agree as follows:
(a) Until such time as the Stockholder’s and its Affiliates’ Voting Percentage is less than 15% (the “Section 7.4 Ownership Reduction Event”), the Company and its board of directors will not amend Article I, Section 2 of the Bylaws in a manner that is adverse to the Stockholder without the prior written approval of the Stockholder (it being agreed that any increase to the Required Percentage (as defined in the A&R Bylaws) is adverse to the Stockholder); provided that this Section 7.4(a) shall be inapplicable to any such amendment approved by stockholders of the Company; and
(b) Until the Section 7.4 Ownership Reduction Event, the provisions of the following sections of the A&R Bylaws will not be applicable to the Stockholder: (1) the requirement in Article 1, Section 2(2) of the A&R Bylaws for including information set forth in Article 1, Section 2(3) of the A&R Bylaws within the Record Date Request Required Information (except to the extent the Record Date Request Required Information would otherwise require inclusion of the information contemplated by clauses a.(ii)(A) and a.(iii) (to the extent such questionnaires are generally applicable to all director nominees) of Article I, Section 7(3) of the A&R Bylaws or inclusion of a brief description of the business the Record Stockholder proposes to bring before the meeting (the information referred to in this parenthetical, the “Required Information”)), (2) Article I, Section 2(3)(b) of the A&R Bylaws (except to the extent such Article requires inclusion of the Required Information); (3) Article I, Section 2(4)(ii) and (iii) of the A&R Bylaws; (4) Article I, Section 7(3) of the A&R Bylaws (except to the extent such Article requires inclusion of the Required Information); and (5) the requirement in Article I, Section (7)(5)(b) of the A&R Bylaws for including in a nomination notice for a special meeting of stockholders the information set forth in clauses a. and c. of Section 7(3) of the A&R Bylaws (except to the extent such Article requires inclusion of the Required Information).”
Bylaw Provisions