Common use of Alternate Directors Clause in Contracts

Alternate Directors. 52. Any Director may in writing appoint another person to be his alternate and remove his alternate so appointed. Any appointment or removal of an alternate by a Director shall be effected by depositing a notice of appointment or removal at the Registered Office, signed by such Director, and such appointment or removal shall become effective on the date of receipt at the Registered Office. Any alternate may be removed by resolution of the Directors. Subject as aforesaid, the alternate shall continue in office until the date on which the relevant Director appointing him ceases to be a Director. An alternate may also be a Director in his own right and may act as alternate to more than one Director.

Appears in 2 contracts

Samples: Framework Agreement (Alibaba Group Holding LTD), Framework Agreement (Yahoo Inc)

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Alternate Directors. 52. 30.1 Any Director may in by writing appoint another any other Director, or other person willing to act, to be his alternate and remove his alternate so appointedappointed by him. Any appointment or removal of an alternate by a Director shall be effected by depositing a notice of appointment or removal at the Registered Office, signed by such Director, and such Such appointment or removal shall become be by notice to the Registered Office signed by the Director making or revoking the appointment or in any other manner approved by the Directors, and shall be effective on the date the notice is served and the alternate shall be notified of receipt at the Registered Office. Any alternate may be removed by resolution of the Directorssuch appointment or revocation. Subject as aforesaidto the removal by the appointing Director, the alternate shall continue in office until the date on which the relevant Director appointing who appointed him ceases to be a Director. An alternate may also be a Director in his own right and may act as alternate to more than one Director.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V), Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V)

Alternate Directors. 52. Any 24.1 A Director may in writing appoint another person to be his alternate and remove his alternate so appointedown Alternate Director. Any appointment or removal of an alternate Alternate Director by a Director shall be effected by depositing delivery of a written notice of appointment or removal to the Secretary at the Registered Office, signed by such Director, and such appointment notice shall be effective immediately upon receipt or removal shall become effective on the any later date of receipt at the Registered Officespecified in that notice. Any alternate Alternate Director may be removed by resolution of the DirectorsBoard. Subject as to aforesaid, the alternate office of Alternate Director shall continue in office until the next annual election of Directors or, if earlier, the date on which the relevant Director appointing him ceases to be a Director. An alternate Alternate Director may also be a Director in his own right and may act as alternate to more than one Director.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Platinum Underwriters Holdings LTD), Agreement and Plan of Merger (Renaissancere Holdings LTD)

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Alternate Directors. 5279. Any (a) A Director may in writing appoint another person to be his alternate and or remove his alternate so appointedown Alternate Director. Any appointment or removal of an alternate Director by a Director shall be effected by depositing a notice of appointment or removal with the Secretary at the Registered Office, signed by such Director, and such appointment or removal shall become effective on the date of receipt at by the Registered Office. Any alternate may be removed by resolution of the Directors. Subject as aforesaid, the alternate shall continue in office until the date on which the relevant Director appointing him ceases to be a Director. An alternate may also be a Director in his own right and may act as alternate to more than one DirectorSecretary.

Appears in 1 contract

Samples: Intercreditor Agreement (Stratus Technologies Bermuda Holdings Ltd.)

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