Committee Rules. Each committee of the Board of Directors may fix its own rules of procedure and shall hold its meetings as provided by such rules, except as may otherwise be provided by a resolution of the Board of Directors designating such committee.
Appears in 2 contracts
Sources: Acquisition Agreement (Goodys Family Clothing Inc /Tn), Acquisition Agreement (Goodys Family Clothing Inc /Tn)
Committee Rules. Each committee of the Board of Directors may fix its own rules of procedure and shall hold its meetings as provided by such rules, except as may otherwise be provided by a resolution of the Board of Directors designating such committee, but in all cases the presence of at least a majority of the members of such committee shall be necessary to constitute a quorum.
Appears in 1 contract
Sources: Subscription and Organizational Agreement (Alterra Healthcare Corp)
Committee Rules. Each committee of the Board board of Directors directors may fix its own rules of procedure and shall hold its meetings as provided by such rules, except as may otherwise be provided by a the resolution of the Board board of Directors directors designating such committee, but in all cases the presence of at least a majority of the members of such committee shall be necessary to constitute a quorum.
Appears in 1 contract