Selection and Removal Clause Samples
The Selection and Removal clause defines the process by which parties can choose or replace individuals, representatives, or entities involved in fulfilling the agreement. Typically, this clause outlines the criteria, procedures, and authority for making such selections or removals, such as appointing project managers or replacing subcontractors if performance issues arise. Its core function is to provide a clear mechanism for maintaining effective personnel or service providers, thereby ensuring project continuity and addressing performance or compatibility concerns.
Selection and Removal the Trustee shall have exclusive authority over the selection, appointment and replacement of members of the Discretionary Committee.
Selection and Removal. The Discretionary Committee (as defined below) shall have exclusive authority over the selection, appointment and replacement of the Trust Officer in the capacity of relationship manager for the Trust.
Selection and Removal. Members of the Audit Committee shall be appointed by the Board. The Board may remove members of the Audit Committee with or without cause.
Selection and Removal. The members of the Committee shall be appointed by the Board on the recommendation of the Governance Committee. The Initial Board members appointed to the Committee are ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, each serving a term expiring at the Company’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”) (so long as such person continues to serve as a member of the Board). Committee members may be removed by the Board, with or without cause, subject to the requirements of that certain Cooperation Agreement dated November 1, 2024 by and among the Company, Politan Capital Management LP, Politan Capital Management GP LLC and Politan Capital Partners GP LLC. A member of the Committee shall be automatically removed if the member is no longer a member of the Board.