No Substitution

No Substitution

Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee.

No Substitution

A situation in which a shareholder gives his/her proxy to a proxy committee but states that he/she will withdraw proxy if there is a change in the makeup of the proxy committee. Most of the time, when a shareholder gives proxy to a committee, he/she automatically agrees to let the committee vote for him/her regardless of who actually sits on it. If the shareholder wishes to withdraw this permission, he/she must expressly state so; this is called a no substitution situation.
References in periodicals archive ?
3307-A, it statesthat "aparty-list nominee may be substituted only when he dies, or his nomination is withdrawn by the party, or he becomes incapacitated to continue as such, or he withdraws his acceptance to the nomination." "No substitution shall be allowed by reason of withdrawal after the close of polls," it adds.
No substitution due to withdrawal shall be allowed after Nov.
In contrast to the current setup that assumes no substitution among items, the class of CES indexes imposes a positive degree of substitution among all items, and alternative CES indexes would impose different degrees of substitutability.
One Brand 576 Sensations (ribbed) Condom (No Substitution)
Comelec reminds candidates no substitution allowed after November 29 !-- -- (philstar.com) - November 26, 2018 - 1:54pm MANILA, Philippines The Commission on Elections reminded candidates running in the 2019 midterm elections that they only have until Thursday, November 29, to file for substitution.
"A rule to say there should be no substitutions during added-on time is an interesting one and could work well.
Tenders are invited for Qty: 10 pack of sodium thiosulfate,and label, 200/pk, idexx #wv20st-200, no substitutions. Qty: 10 pack of 200/pk, Idexx # WP200I-18, no substitutions; Qty: 8 pack of (for SimPlate for HPC dilutions), 10/pack, no substitutions, Idexx# WSW-10; Qty: 8 pack of 100/pack, Idexx # WQT2k, no substitutions; Qty: 1 pack of (3 - E.
No substitutions. Schutt M Flex (80015) Youth Medium Shoulder Pads.
Proposers may not propose Substitutions for those items identified in Appendix B as No Substitutions Permitted.