Common use of Removal and Resignation of Officers Clause in Contracts

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by the Board of Directors at any regular or special meeting of the Board or, except in case of an officer chosen by the Board of Directors, by any officer upon whom such power of removal may be conferred by the Board of Directors. Any officer may resign at any time by giving written notice to the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 3 contracts

Samples: Eagle Aero Holdings CORP, Eagle Aero Holdings CORP, Eurosport Active World Corp

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors or authorized committee, at any regular or special meeting of the Board or such committee, or, except in case of an officer chosen by the Board of Directorsor authorized committee, by any officer upon whom such power of removal may be conferred by the Board of Directorsor authorized committee. Any officer may resign at any time by giving written notice to the corporationCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Limited Liability Company Agreement (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer Officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer Officer may be removed, either with or without cause, by the Board of Directors Directors, at any regular or special meeting of the Board of Directors, or, except in case of an officer Officer chosen by the Board of Directors, by any officer Officer upon whom such power of removal may be conferred by the Board of Directors. Any officer Officer may resign at any time by giving written notice to the corporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Company under any contract to which the officer Officer is a party.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rosetta Resources Offshore, LLC), Limited Liability Company Agreement (Rosetta Resources Offshore, LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the Board majority of Directors the board of directors at any regular or special meeting of the Board board or, except in the case of an officer chosen by the Board board of Directorsdirectors, by any officer upon whom such power of removal may be conferred by the Board board of Directorsdirectors. Any officer may resign at any time by giving written notice to the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 2 contracts

Samples: Credit Agreement (Inamed Corp), Agreement and Plan of Merger (Proquest Co)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by the Board of Directors at any regular or special meeting of the Board or, except in case of an officer chosen by the Board of DirectorsBoard, by any officer upon whom such power of removal may be conferred by the Board of DirectorsBoard. Any officer may resign at any time by giving written notice to the corporationCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger

Removal and Resignation of Officers. Subject Without prejudice to the rights, if any, of an officer under any ----------------------------------- contract of employment, all officers serve at the pleasure of the Board of Directors and any officer Officer may be removed, either with or without cause, by the Board of Directors Managers (or, to the extent the power to prescribe authorities and duties of additional Officers is delegated to them, the Managing Director and President) at any regular or special meeting of the Board orof Managers or by such Officer, except in case of an officer chosen by the Board of Directorsif any, by any officer upon whom such power of removal may be conferred by the Board of DirectorsManagers. Any officer Officer may resign at any time by giving written notice to the corporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, and unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Company under any employment contract to which the officer Officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Patina Oil & Gas Corp)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the Board of Directors or, except in the case of an officer chosen by the Board of Directors, by any officer upon whom such power of removal may be conferred by the Board of Directors. Any officer may resign at any time by giving written notice to the corporationsecretary of the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the Board of Directors or, except in the case of an officer chosen by the Board of Directors, by any officer upon whom such power of removal may be conferred by the Board of Directors. Any officer may resign at any time by giving written notice to the corporationCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Procera Networks, Inc.)

Removal and Resignation of Officers. Subject to Any officer elected by the rightsBoard of Directors or whose appointment has been ratified by the Board of Directors may be removed with or without cause at any time by a majority vote of all Directors. Any other employee of the Partnership may be removed or dismissed at any time by the President. Any officer may resign, if anyat any time, by filing a written resignation with the Board of an officer under any contract of employmentDirectors, all officers serve at the pleasure Chairman of the Board of Directors and any officer may be removed(if there is one), either with the President, or without cause, by with the Board of Directors at any regular or special meeting of the Board or, except in case of an officer chosen by the Board of Directors, by any officer upon whom such power of removal may be conferred by the Board of DirectorsSecretary. Any officer may resign at any time by giving written notice to the corporation. Any such resignation shall take effect at the date of the receipt of that notice or at any later time specified in that such notice; and, unless . Unless otherwise specified in that such notice, the acceptance of the such resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Partnership under any contract to which the officer is a party.

Appears in 1 contract

Samples: Federated Core Trust Ii

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the Board board or, except in the case of an officer chosen by the Board of Directors, by any officer upon whom such power of removal may be conferred by the Board of Directors. Any officer may resign at any time by giving written notice to the attention of the Secretary of the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Chemdex Corp)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the Board majority of Directors the board of directors at any regular or special meeting of the Board board or, except in the case of an officer chosen by the Board board of Directorsdirectors, by any officer upon whom such power of removal may be conferred by the Board board of Directorsdirectors. Any officer may resign at any time by giving written notice to the corporation. Any resignation shall take effect at on the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dts, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the Board majority of Directors the board of directors at any regular or special meeting of the Board board of directors or, except in the case of an officer chosen by the Board board of Directorsdirectors, by any officer upon whom such power of removal may be conferred by the Board board of Directorsdirectors. Any officer may resign at any time by giving written notice to the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Command Center, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer Officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer Officer may be removed, either with or without cause, by the Board of Directors Directors, at any regular or special meeting of the Board of Directors, or, except in the case of an officer Officer chosen by the Board of Directors, by any officer Officer upon whom such power of removal may be conferred by the Board of Directors. Any officer Officer may resign at any time by giving written notice to the corporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Company under any contract to which the officer Officer is a party.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rosetta Resources Offshore, LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the Board of Directors or, except in the case of an officer chosen by the Board of Directors, by any officer upon whom such power of or removal may be conferred by the Board of Directors. Any officer may resign at any time by giving written notice or notice by electronic transmission to the corporationCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aaipharma Inc)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the Board majority of Directors the Board, at any regular or special meeting of the Board Board, or, except in case of an officer chosen by the Board of DirectorsBoard, by any officer upon whom such power of removal may be conferred by the Board of DirectorsBoard. Any officer may resign at any time by giving written notice to the corporationCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Astellas Pharma Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the Board board or, except in the case of an officer chosen by the Board of Directors, by any officer upon whom such the power of removal may be is conferred by the Board of Directors. Any officer may resign at any time by giving written notice to the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alliance MMA, Inc.)

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