Common use of Resignation of a Director Clause in Contracts

Resignation of a Director. A Director may resign at any time by giving at least 30 days’ prior written notice to the Company. Any such resignation shall be effective on receipt thereof unless it is specified to be effective at some other time or on the occurrence of some other event. The Company’s acceptance of a resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its or its Affiliate’s rights as a Shareholder (if applicable) and shall not constitute a dissociation of any Shareholder. Following such resignation, a successor Director shall be appointed as provided in Section 7.06 above.

Appears in 3 contracts

Samples: Joint Venture Agreement (Hempacco Co., Inc.), Joint Venture Agreement (Hempacco Co., Inc.), Joint Venture Agreement (Hempacco Co., Inc.)

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Resignation of a Director. A Director Directors may resign at any time time, effective immediately or at a specified later date, by giving at least 30 days’ prior written notice to the CompanyBoard Chair or the Secretary of the Corporation. Any such resignation shall be effective on receipt thereof unless it is Unless otherwise specified to be effective at some other time or on therein, the occurrence of some other event. The Company’s acceptance of a such resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its or its Affiliate’s rights as a Shareholder (if applicable) and shall not constitute a dissociation of any Shareholder. Following such resignation, a successor Director shall be appointed as provided in Section 7.06 above.

Appears in 1 contract

Samples: Charter School Contract

Resignation of a Director. A Director may resign at any time by giving at least 30 thirty (30) days’ prior written notice to the Company. Any such resignation shall be effective on receipt thereof unless it is specified to be effective at some other time or on the occurrence of some other event. The Company’s acceptance of a resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its or its Affiliate’s rights as a Shareholder (if applicable) and shall not constitute a dissociation of any Shareholder. Following such resignation, a successor Director shall be appointed as provided in Section 7.06 6.06 above.

Appears in 1 contract

Samples: Joint Venture Agreement (High Sierra Technologies, Inc.)

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Resignation of a Director. A Director may resign at any time by giving at least 30 days’ prior written notice to the Company. Any such resignation shall be effective on receipt thereof unless it is specified to be effective at some other time or on the occurrence of some other event. The Company’s acceptance of a resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its or its Affiliate’s rights as a Shareholder (if applicable) and shall not constitute a dissociation of any Shareholder. Following such resignation, a successor Director shall be appointed as provided in Section 7.06 6.06 above.

Appears in 1 contract

Samples: Joint Venture Agreement (Hempacco Co., Inc.)

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