Common use of Resignation or Removal Clause in Contracts

Resignation or Removal. Any Director may resign by written notice to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the notice. Any Director, or the entire Board of Directors, may be removed from office at any time, with or without cause, only by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by the Board of Directors.

Appears in 7 contracts

Sources: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)

Resignation or Removal. Any Director may resign by at any time upon written notice to the Board or any Director or Officer of Directorsthe Company. Such resignation shall take effect at the time specified in such written notice, effective upon execution and delivery to the Company unless otherwise specified therein, no acceptance of such written notice or upon any future date specified in the noticeresignation shall be necessary to make it effective. Any Director, Director or the entire Board of Directors, may be removed from office at any time, with or without cause, only by the affirmative vote of Member designating such Director; provided, that the Class A Directors shall be removed immediately upon a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding Cheniere Separation Event without any Shares of any Director being considered for removal) without the necessity for concurrence further action by the Members. Vacancies in the Board of Directorscaused by any such resignation or removal shall be filled in accordance with Section 6.09.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Resignation or Removal. (a) Any Director may resign by written notice to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the notice. Any Director, or the entire Board of Directors, may be removed from office at any time, with or without cause, only by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XIXII, for the purpose of the proposed removal (excluding any Shares or Percentage Interest of any affiliated Director being considered for removalremoved) without the necessity for concurrence by the Board of Directors.

Appears in 5 contracts

Sources: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Resignation or Removal. Any Director may resign by at any time upon written notice to the Board or any Director or Officer of Directorsthe Company. Such resignation shall take effect at the time specified in such written notice, effective upon execution and delivery to the Company unless otherwise specified therein, no acceptance of such written notice or upon any future date specified in the noticeresignation shall be necessary to make it effective. Any Director, Director or the entire Board of Directors, may be removed from office at any time, with or without cause, only by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by Members. Vacancies in the Board of Directorscaused by any such resignation or removal shall be filled in accordance with Section 6.09.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.)

Resignation or Removal. (a) Any Director may resign by written notice to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the notice. . (b) Any Director, or the entire Board of Directors, may be removed from office at any time, with or without cause, only by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XIXII, for the purpose of the proposed removal (excluding any Shares or Percentage Interest of any affiliated Director being considered for removalremoved) without the necessity for concurrence by the Board of Directors.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Resignation or Removal. (a) Any Director may resign by at any time upon written notice to the Board of Directors, effective upon execution and delivery to Board. Such resignation shall take effect at the Company of such written notice or upon any future date time specified in the notice. such (b) Any Director, or the entire Board of Directors, Director may be removed from office at any time, with or without cause, only by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by other Directors then serving on the Board of Directors.(or other applicable governing body) for

Appears in 1 contract

Sources: Limited Liability Company Agreement

Resignation or Removal. Any Director A director may resign by from the Board upon written notice to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the noticeBoard. Any Directordirector who is an employee of the Corporation should submit his or her resignation upon retirement, resignation or the entire Board termination of Directors, may be removed from office at any time, with or without cause, only employment by the affirmative vote of a majority of Corporation. The Board may accept or reject such resignation in its discretion after consultation with the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by the Board of DirectorsGovernance and Nominating Committee.

Appears in 1 contract

Sources: Settlement Agreement (Trimas Corp)

Resignation or Removal. Any A Director may resign at any time by written giving notice to the Board of DirectorsMembers, effective upon execution and delivery to the Company of receipt thereof or at such written notice or upon any future date later time specified therein. Unless otherwise specified in the notice, acceptance of a resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its rights as a Member. Any Director, or the entire Board of Directors, Director may be removed from office at any timeremoved, with or without cause, only by the affirmative a vote of the Members holding a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by the Board of DirectorsCommon Units then outstanding.

Appears in 1 contract

Sources: Operating Agreement (Ameritrade Holding Corp)

Resignation or Removal. Any Director director may at any time resign by written notice delivering to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified Directors his resignation in the noticewriting. Any Director, director or the entire Board of Directors, Directors may at any time be removed from office at any timeeffective immediately, with or without cause, only by the affirmative vote vote, either in person or represented by proxy, of a majority of the votes voting power of shares of stock issued and outstanding of the class or classes that elected such director and entitled to be cast vote at a special meeting called, pursuant to Article XI, held for such purpose or by the purpose written consent of a majority of the proposed removal (excluding any Shares voting power of any Director being considered for removal) without shares of stock issued and outstanding of the necessity for concurrence by the Board of Directorsclass or classes that elected such director.

Appears in 1 contract

Sources: Merger Agreement (Iac/Interactivecorp)

Resignation or Removal. Any Director A director may resign by from the Board upon written notice to the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the noticeBoard. Any Directordirector who is an officer will submit his or her resignation upon retirement, resignation or the entire Board of Directors, may be removed from office at any time, with or without cause, only termination by the affirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the purpose of the proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by the General Partner. The Board of Directorsmay accept or reject such resignation in its discretion.

Appears in 1 contract

Sources: Governance Guidelines