Quorum of Directors definition

Quorum of Directors means the majority of Directors by 50% plus 1.
Quorum of Directors f C \l "2" . Except in particular situations where a lesser number is expressly permitted by law, and unless a greater number is required by the Articles of Incorporation or these Bylaws, a majority of the number of directors specified in or fixed in accordance with these Bylaws shall constitute a quorum for the transaction of business, and the affirmative vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. If the number of directors in office at any time is less than the number specified in or fixed in accordance with these Bylaws, then a quorum shall consist of a majority of the number of directors in office; provided that in no event shall a quorum consist of fewer than one-third of the number specified in or fixed in accordance with these Bylaws. Action by Written Consent Board of Directors and Shareholders of Trace Analytics, Inc. Directors at a meeting of the Board of Directors at which a quorum is initially present may continue to transact business notwithstanding the withdrawal of directors, provided such withdrawal does not reduce the number of directors attending the meeting below the level of a quorum. A majority of the directors present, whether or not constituting a quorum, may adjourn any meeting of the Board of Directors to another time and place. If the meeting is adjourned for more than forty-eight (48) hours, then notice of the time and place of the adjourned meeting shall be given before the adjourned meeting takes place, in the manner specified in Section 2.10 of these Bylaws, to the directors who were not present at the time of the adjournment. Notwithstanding the foregoing, and in addition to any other requirements of law, the actions described in subsections 2.11(a) – (x), below, shall require the affirmative vote of two-thirds of the votes cast by the whole Board of Directors at a meeting of directors at which a quorum is present. For purposes of this paragraph, two-thirds of the whole Board of Directors shall be necessary to constitute a quorum.

Examples of Quorum of Directors in a sentence

  • Quorum of Directors: A majority of the minimum number of required Directors fixed by these bylaws shall constitute a quorum for the transaction of business.

  • Director Meetings 9 Section 3.6. Quorum of Directors 9 Section 3.7. Manner of Acting 9 Section 3.8. Director Action By Written Consent 10 Section 3.9. Resignation of Directors 10 Section 3.10.

  • Quorum of Directors Mr. Below stated that a quorum of the Directors was present.

  • Equity Securities Held for Pure Investment Not applicable 6) Others a) Quorum of Directors The Articles of Incorporation of Kubota Corporation state that the number of Directors is ten or less.

  • Quorum of Directors The Directors may from time to time fix the quorum necessary to transact business, and unless so fixed the quorum will be a majority of the Directors then in office.

  • Quorum of Directors One-third (1/3) of the entire Board of Directors or seven directors, whichever number is greater, shall constitute a quorum for the transaction of business or of any specified item of business.

  • Quorum of Directors may act Power to delegate to committees Validity of acts notwith- standing formal defects 112.

  • If the Secretary is absent from any meeting of the Board of Directors, an assistant secretary of the Corporation shall perform the duties of secretary at such meeting; and in the absence from any such meeting of the Secretary and all assistant secretaries of the Corporation, the person presiding at the meeting may appoint any person to act as secretary of the meeting.Section 3.1 Quorum of Directors.

  • Quorum Quorum (of Directors) A majority of the actual number of serving directors shall constitute a quorum for the transaction of business.

  • Quorum of Directors and Action by the Board A majority of the entire Board of Directors shall constitute a quorum for the transaction of business, and, except where otherwise provided herein, the vote of a majority of the directors present at a meeting at the time of such vote, if a quorum is then present, shall be the act of the Board.

Related to Quorum of Directors

  • Resolution of Directors means either:

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • Company Board of Directors means the board of directors of the Company.

  • the Directors means save as otherwise defined at Article 6.9 the directors of the Company (and “Director” means any one of those directors);

  • Board of Directors means the board of directors of the Company.

  • Total Number of Directors means the total number of Directors comprising the Board.

  • special meeting of shareholders means a meeting of any particular class or classes of shareholders and a meeting of all shareholders entitled to vote at any annual meeting of shareholders at which special business is to be transacted.

  • Register of Directors and Officers means the Register of Directors and Officers referred to in these Bye-laws;

  • Quorum means a majority of the Administrators or, if there are only two Administrators, both of them.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Board of Directors or Board means the Board of Directors of the Company, as constituted from time to time.

  • Guarantor’s Board of Directors means the board of directors of the Guarantor or any committee of that board duly authorized to act generally or in any particular respect for the Guarantor hereunder.

  • meeting of shareholders means such annual shareholders meeting or special shareholders meeting, whether general or not, at which one or more persons are nominated for election to the board by a Nominating Shareholder;

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies or unfilled seats in previously authorized directorships.

  • Executive Committee means the executive committee of the Association as referred to in clause 14.1.1.

  • Directors means the directors for the time being of the Company.

  • physical meeting means a general meeting held and conducted by physical attendance and participation by shareholders and/or proxies at the Principal Meeting Place and/or where applicable, one or more Meeting Locations;

  • General Meeting means a general meeting of members convened in accordance with rule 12.

  • Meeting of Members means an annual meeting of members or a special meeting of members;

  • Disinterested Quorum means a quorum of the Board who are not Parties to the subject Proceeding or any related Proceeding.

  • Special Meeting means a special meeting of the holders of Voting Shares, called by the Board of Directors for the purpose of approving a supplement or amendment to this Agreement pursuant to Subsection 5.4(b);

  • Preferred Directors means the Series A Directors and the Series B Directors.

  • Board or Board of Directors means the Board of Directors of the Company.