Sentences with phrase «board majority cast»
The new board majority cast five votes in favor of approving Ogilvie's contract.
http://news.wbfo.org/ Not exact matches
L. (Sept. 1, 2014), http://us.practicallaw.com/4-578-4485 [http://perma.cc/8XRK-A4YL](«It appears that ISS negative vote recommendations based on the perceived lack of board responsiveness to shareholder concerns (as evidenced by the failure to implement a successful shareholder proposal) was the leading factor associated with directors who failed to receive a majority of votes cast in an uncontested election in 2014.»)
A proposal to recall shall require for its adoption an affirmative vote of a majority of all Members or, failing that, of two - thirds of the Members who return ballots, provided that the number of affirmative votes cast is no less than two - thirds of the number of ballots cast in the election at which the Board member was elected.
It seems to us that the net effect of TGT's fancy footwork is to reduce the threshold for the resolution to shrink the board from 75 % of the votes entitled to be cast to a simple majority, which could have been their intention all along.
The Underwriting Agreement provides that, unless sooner terminated, it will continue in effect for two years initially and thereafter shall continue from year to year, subject to annual approval by (a) the Board or a vote of a majority of the outstanding shares, and (b) by a majority of the Trustees who are not interested persons of the Trust or of the Distributor by vote cast in person at a meeting called for the purpose of voting on such approval.
Any agreement related to a Plan will be in writing and provide that: (a) it may be terminated by the Trust or the Funds at any time upon sixty days written notice, without the payment of any penalty, by vote of a majority of the respective Rule 12b - 1 Trustees, or by vote of a majority of the outstanding voting securities of the Trust or the Funds; (b) it will automatically terminate in the event of its assignment (as defined in the 1940 Act); and (c) it will continue in effect for a period of more than one year from the date of its execution or adoption only so long as such continuance is specifically approved at least annually by a majority of the Board and a majority of the Rule 12b - 1 Trustees by votes cast in person at a meeting called for the purpose of voting on such agreement.
All material amendments must be approved by a majority of the Board of Trustees of the Trust and a majority of the Rule 12b - 1 Trustees by votes cast in person at a meeting called for the purpose of voting on the Plans.
No approval by the Board of Directors shall be required and election of a nominee shall be by two - thirds majority of the eligible votes cast in a mail ballot at the time fixed for the next annual election ballot.
Except as otherwise specified in these Bylaws, all matters before the membership at an Annual or Special Meeting or by mail ballot, and all matters before the Board of Directors shall be decided by a majority of the eligible votes cast at the meeting or on the ballots.