Common use of Resignation or Removal Clause in Contracts

Resignation or Removal. Any officer may resign by giving written notice to the Board of Directors, the President or the Secretary. Such resignation shall take effect upon receipt of the notice, or at any later time specified therein (subject to the Board’s right of removal), and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any officer may be removed, with or without cause, by action of a majority of the entire Board taken at any regular or special meeting of the Board, or by another officer upon whom such power of removal is expressly conferred by the Board.

Resignation or Removal. Any officer of this Corporation may resign at any time by giving written notice to the Board of Directors. Any such resignation is effective when the notice is delivered, unless the President or the Secretary. Such resignation notice specifies a later date, and shall take effect upon receipt of the notice, or at any later time specified therein (subject be without prejudice to the Board’s right of removal)contract rights, andif any, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectiveofficer. Any The Board of Directors, by majority vote, may remove any officer may be removedor agent appointed by it, with or without cause. The removal shall be without prejudice to the contract rights, by action of a majority if any, of the entire Board taken at any regular or special meeting of the Board, or by another officer upon whom such power of removal is expressly conferred by the Boardperson so removed.

Resignation or Removal. Any officer of the Corporation may resign at any time by giving written notice to the Board of Directors. Any such resignation is effective when the notice is delivered, unless the President or notice specifies a later date, and shall be without prejudice to the Secretarycontract rights, if any, of such officer. Such resignation shall take effect upon receipt The Board of Directors, by majority vote of the noticeentire Board, may remove any officer or at any later time specified therein (subject to the Board’s right of removal), and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any officer may be removedagent, with or without cause. An officer or assistant officer, if appointed by action of a majority another officer, may also be removed by any officer authorized to appoint officers or assistant officers. The removal shall be without prejudice to the contract rights, if any, of the entire Board taken at any regular or special meeting of the Board, or by another officer upon whom such power of removal is expressly conferred by the Boardperson so removed.