VACATION OF OFFICE OF DIRECTOR. 22.1 The office of a Director shall be vacated: (a) if he gives notice in writing to the Board of Directors or Secretary that he resigns the office of Director; (b) if he dies; (c) if he is found to be or becomes of unsound mind; or (d) if removed pursuant to Article 18.1. 22.2 In the case of a resignation, the resignation shall be effective as of the date specified in the notice or if not so specified, upon receipt thereof. Unless otherwise specified in the notice, acceptance shall not be required to make it effective. 22.3 A resolution of the Board of Directors declaring a Director to have vacated office under the terms of Article 22.1 is conclusive evidence as to the fact and grounds of vacation stated in the resolution.
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Sources: Agreement and Plan of Merger and Exchange Agreement (Veritas DGC Inc), Agreement and Plan of Merger and Exchange Agreement (Petroleum Geo Services Asa)
VACATION OF OFFICE OF DIRECTOR. 22.1 25.1 The office of a Director shall be vacated:
(a) if he gives notice in writing to the Board of Directors or Secretary that he resigns the office of Director;
(b) if he dies;
(c) if he is found to be or becomes of unsound mind; or
(d) if removed pursuant to Article 18.1Section 21.1.
22.2 25.2 In the case of a resignation, the resignation shall be effective as of the date specified in the notice or if not so specified, upon receipt thereof. Unless otherwise specified in the notice, acceptance shall not be required to make it effective.
22.3 25.3 A resolution of the Board of Directors declaring a Director to have vacated office under the terms of Article 22.1 Section 25.1 is conclusive evidence as to the fact and grounds of vacation stated in the resolution.
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