Cessation as Manager Sample Clauses
Cessation as Manager. Any Manager shall cease to be a Manager on the Manager's death, incompetence, becoming a debtor under the United States Bankruptcy Code, resignation or removal. A Manager may resign at any time by giving written notice to all of the Members of the Company. The resignation of any Manager shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. All or any lesser number of Managers may be removed at any time with or without cause by the Class A Members by the affirmative vote of a majority of the Class A Members. Any Member who was also a Manager and who ceases to be a Manager shall continue to be a Member and such cessation shall not affect the rights of such Member, as the case may be.
Cessation as Manager. The Member may remove any Manager from any or all offices held by him at any time and with or without cause regardless of whether the Manager’s successor has been appointed and has qualified. A Manager may resign at any time from any or all offices held by him by giving written notice to the Member of the Company. The resignation of any Manager shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.
Cessation as Manager. The Members may remove any Manager from any or all offices held by him at any time and with or without cause regardless of whether the Manager’s successor has been appointed and has qualified. A Manager may resign at any time from any or all offices held by him by giving written notice to the Members of the Company. The resignation of any Manager shall take effect upon receipt of notice thereof or at a later time specified in the notice; and., unless otherwise specified in the notice, the acceptance of the resignation is not necessary to make it effective. Each Manager shall be elected to serve until his successor shall be elected and qualified or until such Manager’s earlier resignation or removal or such Manager is no longer an employee of at least one company in the ▇▇▇▇-▇▇▇▇▇ group of companies consisting of ▇▇▇▇-▇▇▇▇▇ Corporation and its controlled affiliates for any reason, including involuntary termination.
Cessation as Manager. Any Manager shall cease to be a Manager on the Manager's death, incompetence, dissolution, becoming a debtor under the United States Bankruptcy Code, resignation or removal. A Manager may resign at any time by giving written notice to the Members of the Company. The resignation of any Manager shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.