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Irrevocable Proxy

Proxy refers to someone who is authorized to serve in one's place at a meeting, especially with the right to right to vote on behalf of another. It may be written authority given to someone to act or vote in someone's place. A proxy is often used as a method for stockholders to cast votes at a meeting of shareholders, and by board members and convention delegates. Proxy voting refers to the procedure of delegating the right to vote by one person to another. In proxy voting in the absence of a person his/her vote will be secured by some other person. A person so designated to cast the vote of another is called a ""proxy"" and the person who delegates the power is called a principal. A voter must have a trust in the proxy. Any person including the official of the chosen party can be appointed as the proxy.
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Irrevocable Proxy BE IT KNOWN, that for good consideration, the undersigned, being the owner of _______ (number) shares of voting stock of _________________________ (Name of Corporation), hereinafter called the Corporation, hereby grant to _________________ (Name), a non-revocable proxy to vote on behalf of the undersigned ______ (number) shares of the said stock at any future meeting of the stockholders of the Corporation, and the said proxy holder is entitled to attend the said meetings on my behalf or vote the said shares through mail proxy.

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