Examples of Majority Vote of the Members in a sentence
The Manager, or if none, the Persons or Persons selected by Majority Vote of the Members (the “Liquidator”) shall immediately proceed to wind up the affairs of the Company.
Notwithstanding any provision herein to the contrary, upon the final, non-appealable judgment of a court of competent jurisdiction that a Manager has committed a Cause Act, a Manager may be removed at a special meeting called for that purpose by a Majority Vote of the Members.
Immediately following the election of Governing Board Members, at the first meeting of the Governing Board, the officers shall be elected by Simple Majority Vote of the Members.
Subject to the removal of the Initial Manager provisions of Section 5.06, at a meeting called expressly for the purpose, all or any lesser number of Managers may be removed at any time, with or without cause, by Majority Vote of the Members, provided that, if removal is for cause, removal may be effected by Majority Vote of the Members exclusive of the Member who is, or whose controlled entity is, the Manager that is the subject of removal for cause.
Except as otherwise provided, the salaries and other compensation of the Manager, if any, shall be fixed from time to time by a Majority Vote of the Members.