Removal, Resignation and Filling of Vacancy of Officers. The Managing Member may remove any Officer, for any reason or for no reason, at any time. Any Officer may resign at any time by giving written notice to the Company, and such resignation shall take effect at the date of the receipt of that notice or any later time specified in that notice; provided that, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any such resignation shall be without prejudice to the rights, if any, of the Company or such Officer under this Agreement. A vacancy in any office because of death, resignation, removal or otherwise shall be filled by the Managing Member.
Appears in 35 contracts
Samples: Operating Agreement (Clear Secure, Inc.), Limited Liability Company Agreement (Portillo's Inc.), Limited Liability Company Agreement (Definitive Healthcare Corp.)
Removal, Resignation and Filling of Vacancy of Officers. The Unless otherwise set forth in the employment agreement of the applicable Officer, the Managing Member may remove any Officer, for any reason or for no reason, at any time. Any Officer may resign at any time by giving written notice to the Company, and such resignation shall take effect at the date of the receipt of that notice or any later time specified in that notice; provided provided, that, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any such resignation shall be without prejudice to the rights, if any, of the Company or such Officer under this Agreement. A vacancy in any office because of death, resignation, removal or otherwise shall be filled by the Managing Member.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (TKO Group Holdings, Inc.), Limited Liability Company Agreement (Fluence Energy, Inc.), Limited Liability Company Agreement (Fluence Energy, Inc.)
Removal, Resignation and Filling of Vacancy of Officers. The Managing Member Manager may remove any Officer, for any reason or for no reason, at any time. Any Officer may resign at any time by giving written notice to the Company, and such resignation shall take effect at the date of the receipt of that notice or any later time specified in that notice; provided that, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any such resignation shall be without prejudice to the rights, if any, of the Company or such Officer under this Agreement. A vacancy in any office because of death, resignation, removal or otherwise shall be filled by the Managing MemberManager.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Virtu Financial, Inc.), Limited Liability Company Agreement (Virtu Financial, Inc.)
Removal, Resignation and Filling of Vacancy of Officers. The Managing Member Board may remove any Officer, for any reason officer of the Company with or for no reason, without cause at any time. Any Officer officer may resign at any time by giving written notice to the CompanyManaging Member and the Board. Unless otherwise directed by the Board, and any such resignation shall take effect at the date of the receipt of that notice or any later time specified in that notice; provided thatand, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any such In the event that an officer resigns or is removed by the Board, upon the resignation shall be without prejudice to or removal becoming effective, the rightsMembership Interest, if any, of the Company or owned by such Officer under this Agreement. A vacancy in any office because of death, resignation, removal or otherwise officer shall be filled by terminated except for the Managing Member.portion thereof
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