Simple Majority Clause Samples

Simple Majority. Subject to the Companies ▇▇▇ ▇▇▇▇ and this Agreement, all decisions of the Board or the Shareholders in general meeting will be made by Simple Majority vote.

Simple Majority. In order to make the following decisions, among others, the favorable vote of more than fifty percent (50%) of the shares in the capital stock of the Corporation shall be required: (a) Appoint the principal Statutory Auditor and his alternate and determine their compensation; (b) Approve any proposal to increase or reduce the capital stock of the Corporation as well as any reclassification of shares, that does not alter the percentage participation of the existing shareholders in the capital stock of the Corporation and whose purpose is consistent with the Business Plan incorporated as Annex I to the Conversion Contract; (c) Approve the annual work programs and budgets of the Corporation in accordance with the general framework established in the Business Plan incorporated as Annex I to the Conversion Contract, without prejudice, in accordance with Article 1.8 of the Conversion Contract, to the right of the Class B shareholders not to participate in new investment projects that can be technically and economically segregated from the ongoing operations of the Corporation and the right of CVP to carry out such projects at its sole risk; (d) Appoint and remove the secretary of the Shareholders’ Meeting; and (e) Decide as to any other matter specifically submitted to it for consideration and which, in accordance with the following, should not be decided by a qualified majority of shareholders, it being understood that the simple majority shall not take decisions contrary to the interests of the Corporation, including, among others, any decision which would result in the revocation of the Transfer Decree or of any permit, license or authorization of any kind required for the conduct of the Corporation’s business, or in the early termination or breach of the Contract for the Purchase and Sale of Hydrocarbons signed by the Company in accordance with Article 3 of the Conversion Contract, or in the omission to act to preserve the rights of the Corporation under such Contract for the Purchase and Sale of Hydrocarbons.

Simple Majority. Subject to the Companies Act 1993 and this Agreement, all decisions of the Board or the Shareholders in general meeting will be made by Simple Majority vote.

Simple Majority. Subject as provided in the following provisions of this Clause 22, any question or matter arising at a meeting of the Executive Committee shall be decided by a simple majority of the votes cast at the meeting by Committee Members. On any such question or matter each Committee Member shall be entitled to one vote. In the event of an equality of votes on any resolution put to the Executive Committee, the matter the subject of the relevant resolution shall be remitted to the Committee Members for decision on a poll.

Simple Majority.  All votes whether by the Club or the Board shall be settled by a simple majority vote of right to vote members present except as specifically provided for in these By Laws.

Simple Majority a majority of Shareholders (or their nominees) holding more than XX% of all Shares issued by the Company. Control: capital of a company or the legal power to direct or cause the direction of the general management of the company, and controls, controlled and the expression change of control shall be construed accordingly, and a Change of Control occurs if a person who controls any body corporate ceases to do so or if another person acquires Control of it.

Simple Majority. Subject to Clause 4.2 and Article 6, resolutions proposed at Board Meetings shall be valid if passed by a simple majority of votes (including any casting vote of the Chairman permitted to be cast in accordance with this Agreement). Each Director shall have a single vote, provided that where so provided in this Article 5 the Chairman shall also have a casting vote.