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, any officer may be removed, either with or without cause, by the Board or a duly authorized committee or subcommittee thereof or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereof, by any officer upon whom such power of removal may be conferred by the Board or a duly authorized committee or subcommittee thereof. Any officer may resign at any time by giving notice to the Corporation in writing or by electronic transmission. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the 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 2 contracts

Samples: Transaction Agreement (Endeavor Group Holdings, Inc.), Transaction Agreement (World Wrestling Entertainmentinc)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board at any regular or a duly authorized committee or subcommittee thereof special meeting of the Board or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereofBoard, by any officer upon whom such power of removal may be conferred by the Board or a duly authorized committee or subcommittee thereofBoard. Any officer may resign at any time by giving written or electronic notice to the Corporation in writing or Corporation; provided, however, that if such notice is given by electronic transmission, such electronic transmission must either set forth or be submitted with information from which it can be determined that the electronic transmission was authorized by the officer. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the 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 2 contracts

Samples: Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.)

Removal and Resignation of Officers. Subject to the rights, rights (if any, ) of an officer under any contract of employment, 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 a duly authorized committee or subcommittee thereof special meeting of the board or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereofof Directors, by any officer upon whom such the power of removal may be is conferred by the Board or a duly authorized committee or subcommittee thereofof Directors. Any officer may resign at any time by giving written notice to the Corporation in writing corporation (including written notice by email, fax, telegraphic or by other facsimile or electronic transmission). Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, rights (if any, ) of the Corporation corporation under any contract to which the officer is a party.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (AvidXchange Holdings, Inc.), media.orrick.com

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or a duly authorized committee or subcommittee thereof or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereof, by any officer upon whom such power of removal may be conferred by the Board or a duly authorized committee or subcommittee thereof. Any officer may resign at any time by giving written notice to the Corporation in writing or by electronic transmissionCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the 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 (FAST Acquisition Corp.)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or a duly authorized committee committee, at any SUNPOWER CORPORATION BY-LAWS regular or subcommittee thereof special meeting of the Board or such committee, or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereofcommittee, by any officer upon whom such power of removal may be conferred by the Board or a duly authorized committee or subcommittee thereofcommittee. Any officer may resign at any time by giving written notice to the Corporation in writing or by electronic transmissionCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat 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: Rights Agreement (Sunpower Corp)

Removal and Resignation of Officers. Subject to the rights, rights (if any, ) of an officer under any contract of employment, 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 a duly authorized committee or subcommittee thereof special meeting of the board or, except in the case of an officer chosen by the Board or a duly authorized committee or subcommittee thereofof Directors, by any officer upon whom such the power of removal may be is conferred by the Board or a duly authorized committee or subcommittee thereofof Directors. Any officer may resign at any time by giving written notice to the Corporation in writing or corporation (including written notice by electronic mail, or other facsimile or electronic transmission). Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, rights (if any, ) of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: www.orrick.com

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