Common use of Majority Action Clause in Contracts

Majority Action. Any action taken by the Investment Committee shall be by a majority of the members thereof. The Investment Committee may act by voting at a meeting or by writing without a meeting. Any action of the Investment Committee shall be sufficiently evidenced if it is certified thereto by any member thereof or by the secretary thereof.

Appears in 2 contracts

Sources: Retirement Savings Plan (Woodward, Inc.), Retirement Savings Plan (Woodward, Inc.)