Common use of Election and Removal Clause in Contracts

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.

Appears in 3 contracts

Samples: Company Agreement (Entergy Arkansas Inc), Company Agreement (Entergy Mississippi Inc), Texas Limited Liability Company (Entergy New Orleans, Inc)

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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.

Appears in 2 contracts

Samples: Company Agreement (Entergy Gulf States Louisiana, LLC), Company Agreement (Entergy Gulf States Louisiana, LLC)

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