Voting Directors definition
Examples of Voting Directors in a sentence
Except as otherwise specifically provided in any other provision of this Agreement, the act of a majority of the Voting Directors present at any meeting of the Board at which a quorum is present shall constitute the act of the Board.
The Board shall consist of up to seven (7) Voting Directors and one non-voting Chair.
The Chair may be removed at any time with the approval of at least two-thirds of the Voting Directors.
The Chair must be elected by a majority of the votes cast by the Voting Directors, provided that if no candidate receives a majority of votes cast, the candidate with the lowest vote total will be eliminated from consideration, and the Voting Directors will vote again, with the process repeating itself until a candidate receives a majority of the votes cast.
If a quorum shall not be present at any meeting of the Board, the Voting Directors present at the meeting, though less than a quorum, may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present.
At all meetings of the Board, a majority of the Voting Directors then in office shall constitute a quorum for the transaction of business; provided, however, that, when the number of Voting Directors constituting the whole Board is only one Voting Director, the number of Voting Directors constituting a quorum for the transaction of business shall be one.
The Voting Directors shall be elected by the Members as set forth in clause (iii) below.
A non-voting Chair will be elected by the Voting Directors according to this Section 7.1(c)(iv) at a time of their choosing.
The Council has established a Board of Directors, which shall consist of up to seven (7) natural persons who shall have the right to vote on a per capita basis (each such person, a “Voting Director”) and one natural person who shall serve on the Board in a non-voting governance capacity as chairperson (the “Chair”, and together with the Voting Directors, the “Board Members”).
The Voting Directors shall not be liable to the Company or its Members for actions taken in good faith.