Four Over Five Sample Clauses
The "Four Over Five" clause establishes a threshold or requirement that four out of five specified parties, votes, or conditions must be met or agreed upon for a particular action to proceed. In practice, this could apply to board decisions, shareholder approvals, or committee resolutions, where a supermajority is needed rather than a simple majority. By setting a higher bar for approval, the clause ensures that significant actions have broad support, thereby reducing the risk of decisions being made by a narrow margin and promoting consensus among stakeholders.
Four Over Five. During any four (4) years (or semesters) of the Plan, teachers shall receive eighty percent (80%) of their annual salary. The remaining twenty percent (20%) of salary shall be held in trust by the Board for the teacher in a mutually agreed upon type of account. The twenty percent (20%) of salary for each of the four (4) years (or semesters), plus all accrued interest, shall be paid to the teacher in the leave year (or semester) of the Plan. or