Common use of Equal Vote Clause in Contracts

Equal Vote. Each contributor is entitled to cast a single, equal vote on each proposal under these terms. Majority For majority approval, a majority of responding contributors must vote in favor. Supermajority For supermajority approval, two thirds of responding contributors must vote in favor. Counting The contributor soliciting approval counts as a contributor voting in favor. Deadline The deadline for approval of any proposal is thirty calendar days from when votes were first solicited.