Resignation; Removal. Any officer may resign at any time upon written notice (including by electronic transmission) to the Board of Directors, the Chairman of the Board, the Chief Executive Officer or the Secretary, and such resignation shall take effect upon receipt thereof by the Board of Directors, the Chairman of the Board, the Chief Executive Officer, or the Secretary, unless otherwise specified in the resignation. Any officer shall be subject to removal, with or without cause, at any time by vote of a majority of the Whole Board or by the Chief Executive Officer or by other superior officers upon whom such power of removal may have been conferred by the Board of Directors.
Appears in 4 contracts
Sources: Merger Agreement (Scilex Holding Co), Merger Agreement (Denali Capital Acquisition Corp.), Merger Agreement (Scilex Holding Co)
Resignation; Removal. Any officer or agent may resign at any time upon written notice (including by electronic transmission) to the Board of Directors, or the Chairman Secretary of the Board, the Chief Executive Officer Corporation. Any officer or the Secretary, and such resignation shall take effect upon receipt thereof agent elected or appointed by the Board of Directors, the Chairman of the Board, the Chief Executive Officer, or the Secretary, unless otherwise specified in the resignation. Any officer shall Directors may be subject to removal, with or without cause, at any time by vote of a majority of the Whole Board or by the Chief Executive Officer or by other superior officers upon whom such power of removal may have been conferred removed by the Board of DirectorsDirectors whenever in its judgment the best interests of the Corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed.
Appears in 2 contracts
Sources: Subscription and Organizational Agreement (Alterra Healthcare Corp), Purchase Agreement (Alterra Healthcare Corp)