MANAGER INCAPACITY Sample Clauses
The MANAGER INCAPACITY clause defines what happens if the manager of a business or entity becomes unable to perform their duties due to illness, disability, or other incapacitating circumstances. Typically, this clause outlines the process for determining incapacity, such as requiring a medical opinion or a vote by other stakeholders, and specifies who will assume the manager's responsibilities during the period of incapacity. Its core function is to ensure continuity of management and decision-making, minimizing disruption and uncertainty for the business in the event the manager cannot fulfill their role.
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MANAGER INCAPACITY. Should ▇▇▇▇▇▇▇ be disabled or otherwise unable to perform his duties because of sickness, accident, injury, mental incapacity or health (verified by his attending physician) for a period of
MANAGER INCAPACITY. Notwithstanding any other provision contained herein, in the event (i) of the resignation of the Manager pursuant to Section 5.5.2, (ii) the removal of the Manager for cause pursuant to Section 5.5.3, or (ii) the Bankruptcy of the Manager such that Manager is no longer capable of performing the functions required of the manager hereunder, by the affirmative vote or written consent of a majority interest, the Class B Members may appoint a new manager to manage the Company and/or elect one of the Members to manage the Company. ACCOUNTING, RECORDS AND REPORTING