Removal Resignation Sample Clauses
The REMOVAL, RESIGNATION clause outlines the procedures and conditions under which a party, such as a director, officer, or trustee, may be removed from their position or may voluntarily resign. Typically, this clause specifies who has the authority to initiate removal, the required notice periods, and any formalities that must be followed, such as written notice or board approval. By clearly defining these processes, the clause ensures orderly transitions and helps prevent disputes or uncertainty regarding changes in key personnel.
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Removal Resignation. Section 6.01 Removal of Asset Representations Reviewer 13 Section 6.02 Appointment of Successor 13 Section 6.03 Merger or Consolidation of, or Assumption of the Obligations of, the Asset Representations Reviewer 13 Section 6.04 Asset Representations Reviewer Not to Resign 14 Section 6.05 Cooperation of Asset Representations Reviewer 14
Removal Resignation. Any officer may be removed, with or without cause, by the Board or by such other officer, if any, upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the time of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in such notice, the acceptance of the resignation shall not be necessary to make it effective.
Removal Resignation. Section 6.01 Removal of Asset Representations Reviewer 13 Section 6.02 Appointment of Successor 13
Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated the applicable Manager.
(b) A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Removal Resignation. A Director may be removed, with or without cause, at any time, by the Member. A Director may resign at any time by giving written notice to the Company. Any resignation shall take effect at the time of the receipt of such notice or at any later time specified in such notice. Unless otherwise specified in such notice, the acceptance of the resignation shall not be necessary to make it effective.
Removal Resignation. Section 5.01. Eligibility of the Asset Representations Reviewer 14 Section 5.02. Resignation and Removal of Asset Representations Reviewer 14 Section 5.03. Successor Asset Representations Reviewer 15 Section 5.04. Merger, Consolidation or Succession 16 ARTICLE Six
Removal Resignation. Any director or the entire Board of Directors may be removed with or without cause, by the holders of a majority of the shares then entitled to vote at an election of directors. Any director may resign at any time, upon written notice to the Corporation.
Removal Resignation. (a) A Director or Board Observer may be removed from his or her position as such, or replaced at any time, with or without cause, upon, and only upon, the written request of the Nominating Class A Member that nominated such Director or the Class A Member that appointed such Board Observer, as applicable; provided, that notwithstanding the foregoing, a Director or Board Observer may be subject to a statutory disqualification (within the meaning of Section 3(a)(39) of the Exchange Act). A Director or Board Observer who becomes subject to a statutory disqualification shall automatically and immediately be removed from the Board.
(b) A Nominating Class A Member may irrevocably waive its right in Section 8.4(a) to remove or replace a Director nominated by such Nominating Class A Member. If a Nominating Class A Member makes such an election and a Director nominated by such Nominating Class A Member dies, resigns in accordance with Section 8.4(c) or is removed as a result of a statutory disqualification in accordance with Section 8.4(a), the Nominating Class A Member that nominated such Director may nominate a new Director in accordance with Section 8.3.
(c) A Director or Board Observer may resign at any time from his or her position as such by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
(d) If a Director dies, resigns or is removed from the Board, such Director’s Alternate Director shall serve as a Director until the Nominating Class A Member that nominated such Director nominates a new Director.
(e) If the CEO resigns or is removed from his or her position as such, the applicable individual shall automatically and immediately be removed from his or her position as a Director.
Removal Resignation. Any officer or agent elected or appointed by the Board of Directors may be removed by it with or without cause. Any officer may resign at any time upon written notice to the corporation. Any such removal or resignation shall be subject to the rights, if any, of the respective parties under any contract between the corporation and such officer or agent.
Removal Resignation. (i) Any Manager may be removed with or without cause by the Sole Member.
(ii) In the event that a vacancy is created on the Board at any time due to the death, disability, retirement, resignation, or removal of a Manager, the Sole Member shall have the exclusive right to designate an individual to fill such vacancy and the Company and the Sole Member hereby agrees to take such actions as may be required to ensure the election or appointment of any such designee to fill such vacancy on the Board.
(iii) A Manager may resign at any time from the Board by delivering such Manager’s written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.