Class A Members definition
Examples of Class A Members in a sentence
Each Director elected by Class A Members must be a Member or (in the case of a Member that is not a natural person) an elected or appointed representative of a Member.
For purposes of this Agreement, the initial Directors in Appendix D shall be deemed to have been elected by the Class A Members.
Cumulative voting for Class A Members is not permitted unless expressly authorized by the Board.
The Persons who held at least 100 shares of common stock of the Cooperative and receive at least 100 Class A Units and 100 Class B Units through the Restructuring, are admitted as Class A Members and Class B Members through the Restructuring without any further action of the Board, the Members, or the Company.
One-half of the Directors in office (provided that at least one-half of the Directors present have been elected by the Class A Members) constitute a Quorum necessary for the transaction of business at any regular or special meeting of the Board.