Termination of Term of Office Sample Clauses

Termination of Term of Office. So long as any Preferred Stock remains outstanding, the term of office of any Board Representative designated pursuant to paragraph 3C(ii)(A) may be terminated only in the following circumstances (and may not otherwise be removed): (1) so long as MDP or Boston Ventures retain the right to designate a Board Representative pursuant to paragraph 3C(ii)(A), by the Person (MDP or Boston Ventures, as the case may be) which designated such Board Representative to the Board; (2) by the Board in accordance with the provisions of paragraph 3C(iii); or (3) by the Board in accordance with the provisions of paragraph 3C(iv)(A).
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Termination of Term of Office. So long as the holders of Preferred Stock retain the right to designate a director pursuant to paragraph 5M(ii)(a), such director may be removed only in the following circumstances (and may not otherwise be removed): (1) so long as the holders of Preferred Stock retain the right to designate a Board Representative pursuant to paragraph 5M(ii)(a), by the holders of a majority of the Preferred Stock (determined on an as-converted basis); or (2) by the Board in accordance with the provisions of paragraph 5M(iii).
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Termination of Term of Office. So long as the Initial Holder is the Majority Holder, the term of office of the Series B Director may be terminated only by the Majority Holder. The term of office of the Series B Director shall automatically terminate on the date on which the Initial Holder is no longer the Majority Holder.
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Related to Termination of Term of Office

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Effect of Termination of Agreement The provisions of Section 4.00 will survive any termination of this Agreement and the existence of any claim or cause of action by the Executive against the Company or any Group Member, whether predicated on this Agreement or otherwise, will not constitute a defense to the enforcement by the Group, the Company or any other Group Member of the covenants and agreements of this Section 4.00; provided, however, that this Section 4.11 will not, in and of itself, preclude the Executive from defending against the enforceability of the covenants and agreements of Section 4.00.

  • Appointment, Term, and Termination a. Client hereby engages and retains Dalmore to provide operations and compliance services at Client’s discretion.

  • Continued Employment Following Expiration of Term Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree.

  • Effect of Termination Upon termination of this Agreement:

  • Term of Office of Trustees; Resignation and Removal (a) Each Trustee shall hold office during the existence of this Trust, and until its termination as herein provided unless such Trustee resigns or is removed as provided herein. Any Trustee may resign by notice to the Chairman, if any, the Vice Chairman, if any, the President or the Secretary and such resignation shall be effective upon such notice, or at a later date specified by such Trustee.

  • Termination of Offices and Directorships Upon termination of the Executive’s employment for any reason, unless otherwise specified in a written agreement between the Executive and the Company, the Executive shall be deemed to have resigned from all offices, directorships, and other employment positions if any, then held with the Company, and shall take all actions reasonably requested by the Company to effectuate the foregoing.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

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