Examlex
In a distribution rollover from an IRA,the recipient must contribute 80 percent of the distributed amount to the new trustee in order for the rollover to be tax free.
Indemnified
Protected or secured against any loss or damage, often through compensation or insurance.
Ordinary Matters
Refers to standard, routine, or usual issues or tasks, often contrasted with extraordinary or exceptional matters.
Greater-Than-Majority Vote
A voting system where an action or proposal is passed only if it receives more than half of the votes cast, often requiring a significant majority such as two-thirds or three-quarters for approval.
Confidential Corporate Information
Sensitive business information not disclosed to the public, including trade secrets, internal strategies, and proprietary data.
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