Election and Removal. The Persons serving as Directors on the Board of Directors shall be elected and removed from time to time, with or without cause, by a Majority in Interest of the Members. Any vacancy occurring in the Board of Directors other than as a result of the removal of a Director by the Members may be filled for the remainder of any unexpired term, if any, by a majority vote of the remaining Directors even if the number of remaining Directors does not constitute a quorum.
Election and Removal. The Board of Directors shall, at its initial meeting, elect a Chair of the Board of Directors who shall serve until his resignation or removal by the Board of Directors. The Chair shall be elected by a majority vote of the entire Board of Directors and, while a member of the Board of Directors, may be removed only by a majority vote of the entire Board of Directors. If the Chair shall cease to be member of the Board of Directors for any reason, he shall be deemed to have resigned the position of Chair.
Election and Removal. 7.2 Each of the Parties agrees to cause the Company to vote in favor of the election to the Aufsichtsrat of the persons designated by the Parties under clause 7.1 above and in favor of any person designated pursuant to clause 7.1 to replace any such person.
Election and Removal. If any Hyatt Designee shall be unable -------------------- or unwilling to serve as a director of IFT or on the Executive Committee of the Board, Hyatt shall be entitled to promptly designate a replacement designee to be elected or appointed. Hyatt may cause any Hyatt Designee to be removed with or without cause, with any vacancy on the Board or on the Executive Committee of the Board so created to be filled as provided in the immediately preceding sentence.
Election and Removal. Subject to the provisions of Section 3.7 hereof, the persons serving as Directors shall be elected and removed from time to time, with or without cause, by Members holding a Majority of the Units entitled to vote thereon or as otherwise provided in accordance with the preferences, designations, rights, privileges, powers, restrictions, limitations, and qualifications of any class or series of Units. Except as otherwise provided in the Articles of Organization, in this Agreement, or in the preferences, designations, rights, privileges, powers, restrictions, limitations, and qualifications of any class or series of Units, any vacancy occurring in Directors other than as a result of the removal of a Director by the Members may be filled by (i) Members holding a Majority of the Units entitled to vote thereon, or (ii) unless the vacancy occurs as a result of the removal of a Director by the Members, the vote of a majority of the remaining Directors even if the number of remaining Directors does not constitute a quorum.
Election and Removal. The officers of the Company shall hold office until their successors are chosen and qualify. Any officer elected or appointed by the Members may be removed at any time by the affirmative vote of a majority of the Members. Any vacancy occurring in any office of the Company shall be filled by the Members.
Election and Removal. (1) The directors and auditor shall be elected at a General Meeting of Members.
Election and Removal. The officers, if any, of the Company shall be a president, one or more vice presidents, a secretary, and a treasurer. Such officers shall be elected by the Board of Directors at the first meeting of the board of directors after these regulations become effective, and thereafter at the regular meeting of each board in each year following the annual meeting of members. Officers shall serve until removed or until their successors have been elected. The board of directors may at any time or from time to time appoint one or more assistant secretaries and one or more assistant treasurers to hold office at the pleasure of the board and may accord to such officers such power as the board may deem proper. Any officer may be removed at any time, with or without cause, by the affirmative vote of a majority of the then installed total number of directors. The president shall be a member of the board of directors or the spouse of a member, but none of the other officers need be a member of the board of directors; all officers must be members of the limited liability Company or the spouse of a member. One person may hold not more than two (2) offices at the same time, except that the same person may not hold the offices of president and secretary concurrently. Vacancies occurring in any office may be filled by the board of directors at any time.
Election and Removal. Directors shall be elected annually, or at such other intervals not exceeding three years as may be provided by the articles of the Corporation or by the shareholders in general meeting on a show of hands unless a poll is demanded and if a poll is demanded such election shall be by ballot. Subject to the articles of the Corporation, all the directors then in office shall retire at the close of the meeting of shareholders at which directors are to be elected but, if qualified, are eligible for re-election. The shareholders of the Corporation may, by resolution passed by a majority of the votes cast at a special meeting duly called for that purpose, remove any director before the expiration of his term of office and may, by a majority of the votes cast at the meeting, elect any person in his stead for the remainder of his term. Whenever at any election of directors of the Corporation the full number of directors is not elected by reason of the disqualification, the refusal to act or failure to consent to act as a director or the death of any nominee or nominees, the directors elected may exercise all the powers of the board so long as the number of directors so elected constitutes a quorum.
Election and Removal. Except with respect to Officers who are appointed by Declarant pursuant to Article III 1, each Officer will be appointed by the Board to serve at the pleasure of the Board, and may be removed at any time by the Board, with or without cause.
