Abstention definition
Abstention means that a Member or Alternate Member affirmatively indicates, in good faith, his or her intention not to vote on a matter.
Abstention means a refusal to vote either for or against a proposal.
Abstention in the exact proportion to the “For,” “Against” or “Abstention” votes that resulted from the applicable vote prior to taking into consideration the votes of the unvested Restricted Stock; and (ii) except as provided below, in the event dividends are declared by the Board, each such dividend payment related to such unvested share of Restricted Stock shall be forfeited to the Company without payment to Grantee. Notwithstanding anything contained herein to the contrary, however, (A)(i) such proportionate voting requirements and dividend forfeitures shall lapse immediately on each share of Restricted Stock as it vests in accordance with Sections 2, 3 or 4 of this Agreement, as applicable, and (ii) if a dividend is designated by the Board at the time it is declared by the Board to constitute an extraordinary dividend, or the Board authorizes a non-dividend cash payment (including, but not limited to, an extraordinary dividend or a non-dividend cash payment made in connection with a Change of Control, recapitalization or other extraordinary transaction), such extraordinary dividend or non-dividend cash payment on unvested shares of Restricted Stock shall not be forfeited to the Company and shall be paid to and may be retained by Grantee and, except as provided in clause (B) hereof, paid to such holder at the same time as any other holder of the Company's common stock; and (B) if the extraordinary dividend or non-dividend cash payment is made in connection with a Change in Control transaction that results in the acceleration of vesting of the Restricted Stock to which such extraordinary dividend or non-dividend cash payment relates, then (i) Grantee will have a right to be paid the extraordinary dividend or non-dividend cash payment only if the Change in Control occurs, and (ii) the extraordinary dividend or non-dividend cash payment will be payable only, and shall be paid within 30 days, after the closing of the Change in Control transaction.
Examples of Abstention in a sentence
Abstention by either party of breach of contract by the other parties under certain circumstances shall not be regarded as abstention by such party in similar case of breach of contract under other circumstances.
The recipients of WISE water must comply with the Abstention Provisions.
Any recipient of water under a Future Contract must agree to comply with the Abstention Provisions.
Participants in these projects must agree to comply with the Abstention Provisions.
Abstention by a State Party eligible to vote shall not prevent the adoption of decisions.
More Definitions of Abstention
Abstention means a vote that is not counted as a 'No' vote and is not counted as a RON vote.
Abstention is not a definite vote (“yes” or “no”), such votes are not included in the decision. However, the total number of definite votes (“yes” or “no”), must represent more than 50% of the total votes cast. The President may request the Council to vote again if a decision is unclear.
Abstention means shares which are not voted “for” or “against” a question by a holder or holders present in person or represented by proxy at the meeting and entitled to vote such shares on the question, and the term “broker non-votes” means shares represented at a meeting by proxies held by brokers or nominees as to which instructions have not been received from the beneficial owner or persons entitled to vote and as to which the broker or nominee does not have discretionary power to vote on the question.
Abstention means refraining from expressing an entitled deliberative vote either in favour of or against a question and in these Rules shall be deemed to be a vote against that question;
Abstention means to choose not to vote upon a by-law, resolution, motion or for any other purpose.
Abstention means to refrain from voting, making a conscious choice not to vote. Therefore “Abstentions” count as 0. We take only the “Yes” and “No” votes and it is the majority of votes cast that decide whether a motion is carried or defeated.
Abstention in the exact proportion to the “For,” “Against” or “Abstention” votes that resulted from the applicable vote prior to taking into consideration the vote of the unvested Restricted Stock; and (ii) in the event dividends are declared and issued by the Board, each dividend payment related to the unvested Restricted Stock shall be forfeited to the Company without payment to Grantee; such proportionate voting requirements and dividend forfeitures shall lapse immediately on each share of Restricted Stock as it vests in accordance with Sections 2, 3 or 4 of this Agreement, as applicable.