Common use of Removal and Resignation of Officers Clause in Contracts

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 31 contracts

Samples: Registration Rights Agreement (CSLM Acquisition Corp.), Business Combination Agreement (Insight Acquisition Corp. /DE), Merger Agreement (BYTE Acquisition Corp.)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in Trustees at any regular or special meeting of the case of an officer chosen Trustees or by the Board, by any such officer upon whom such power of removal may be conferred by the BoardTrustees. Any officer may resign at any time by giving written notice to the CorporationTrust. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Trust under any contract to which the officer is a party.

Appears in 27 contracts

Samples: Metropolitan Series Fund, Met Investors Series Trust, Metropolitan Series Fund Inc

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by the Board orManagers at any regular or special meeting of the Managers or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the BoardManagers. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of a resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 8 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC), Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by the Board orDirectors at any regular or special meeting of the Directors or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the BoardDirectors. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of a resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 8 contracts

Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board of Directors or, except in for the case avoidance of an officer chosen by the Boarddoubt, any duly authorized committee or subcommittee thereof or by any officer upon whom who has been conferred such power of removal may be conferred by the Boardremoval. Any officer may resign at any time by giving written notice notice, in writing or by electronic transmission, to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 7 contracts

Samples: Agreement and Plan of Merger and Reorganization (Amprius Technologies, Inc.), Agreement and Plan of Merger (Otonomo Technologies Ltd.), Registration Rights Agreement (Minerva Surgical Inc)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board orof Managers at any regular or special meeting of the Board of Managers or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the BoardBoard of Managers. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless , and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 6 contracts

Samples: DJO Opco Holdings, Inc., CFP Holdings Inc, Donjoy LLC

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by the Board orof Directors at any regular or special meeting of the Board of Directors or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the BoardBoard of Directors. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of a resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board at any regular or special meeting of the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (IMARA Inc.), Agreement and Plan of Merger (Ii-Vi Inc), Agreement and Plan of Merger (Coherent Inc)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in the case at any regular or special meeting of an officer chosen by the Board, or by any an officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the CorporationTrust. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that such notice. Unless otherwise specified in the notice of resignationsuch notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Trust under any contract to which the officer is a party.

Appears in 5 contracts

Samples: American Beacon Funds, American Beacon Institutional Funds Trust, National Retail Fund (National Retail Fund III)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer Officer under any contract of employment, any officer Officer may be removed, either with or without cause, by the Board orManagers or by such Officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the BoardManagers. Any officer Officer may resign at any time by giving written notice to the CorporationManagers. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless , and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer Officer is a party.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (GoPetro Transport LLC), Limited Liability Company Agreement (GoPetro Transport LLC), Limited Liability Company Agreement (GoPetro Transport LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, employment any officer may be removed, either with or without cause, by the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 3 contracts

Samples: Transition Services Agreement (Avista Public Acquisition Corp. II), Transition Services Agreement (Ligand Pharmaceuticals Inc), Registration Rights Agreement (Locust Walk Acquisition Corp.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in Trustees at any regular or special meeting of the case of an officer chosen Trustees or by the Board, principal executive officer or by any such other officer upon whom such power of removal may be conferred by the BoardTrustees. Any officer may resign at any time by giving written notice to the CorporationTrust. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Trust under any contract to which the officer is a party.

Appears in 3 contracts

Samples: Agreement (Clarion Investment Trust), New Colony Investment Trust, Belstar Trust

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board orat any regular or special meeting of the Board or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless , and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 3 contracts

Samples: Operating Agreement (Brindlee Mountain Telephone Co), Operating Agreement (Brindlee Mountain Telephone Co), Operating Agreement (Brindlee Mountain Telephone Co)

Removal and Resignation of Officers. Subject to the rights, if any, rights of an officer under any contract of employmentcontract, any officer may be removedremoved at any time, either with or without cause, by the Board of Directors or, except in the case of an officer chosen by the BoardBoard of Directors, by any officer upon whom such power of removal may be conferred by the BoardBoard of Directors. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is shall be without prejudice to the rights, if any, rights of the Corporation under any contract to which the officer is a party.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Javo Beverage Co Inc), Epicor Software Corp

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by the Board board of directors, at any regular or special meeting thereof, or, except in the case of an officer chosen by the Boardboard of directors, by any officer upon whom such power of removal may be conferred by the Boardboard of directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any such resignation shall take effect at the date of the receipt of that such notice or at any later time specified in that notice. Unless therein; and, unless otherwise specified in the notice of resignationtherein, the acceptance of the such resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Employment Agreement

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or, except in at any regular or special meeting of the case of an officer chosen by the Board, Board or by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (EG Acquisition Corp.)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in the case of an officer chosen appointed by the Board, by the Chief Executive Officer or any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Registration Rights Agreement (Golden Arrow Merger Corp.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board at any regular or special meeting of the Board or, except in the case of an officer chosen appointed by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Securities Purchase Agreement (Boulder Specialty Brands, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the Board or, except in majority of the case board of an officer chosen by directors at any regular or special meeting of the Board, board or by any officer upon whom such power of removal may be conferred by the Boardboard of directors. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall will take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall will not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Voting and Lock Up Agreement (Cempra, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board at any regular or special meeting of the Board or, except in the case of an officer chosen by the Board, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Note Subscription Agreement

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by majority vote of the Board orManagers at any meeting of the Managers. Such removal shall be without prejudice to the contract rights, except in if any, of the case person removed. The election or appointment of an officer chosen by the Board, by shall not of itself create any officer upon whom such power of removal may be conferred by the Boardcontract rights. Any officer may resign at any time by giving written notice to the CorporationManagers, the President, or the Secretary of the Company. Any resignation shall take effect at on the date of the receipt of that notice or at any later time specified in that notice. Unless therein, and, unless otherwise specified in the notice of resignationtherein, the acceptance of the that resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Regulations and Operating Agreement (Dynacq International Inc)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer fficer under any contract of employment, any officer may be removed, either with or without cause, by the Board or, except in Trustees at any regular or special meeting of the case of an officer chosen Trustees or by the Board, by any such officer upon whom such power of removal may be conferred by the BoardTrustees. Any officer may resign at any time by giving written notice to the CorporationTrust. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Trust under any contract to which the officer is a party.

Appears in 1 contract

Samples: Met Investors Series Trust

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the Board or, except in at any regular or special meeting of the case of an officer chosen by the Board, Board or by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cempra Holdings, LLC)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any Any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Directors at any regular or special meeting of the board or, except in the case of an officer chosen appointed by the BoardBoard of Directors, by any officer upon whom such the power of removal may be is conferred by the BoardBoard of Directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and, unless otherwise specified in the notice of resignationthat notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, rights (if any, ) of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (B. Riley Principal 150 Merger Corp.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employmentrequirements set forth in Section 4.5, any officer may be removed, either with or without cause, by the Chief Executive Officer with the approval of the Board orat any regular or special meeting of the Board or by such officer, except in the case of an officer chosen by the Boardif any, by any officer upon whom such power of removal may be conferred by the Board. Any officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless ; and unless otherwise specified in the notice of a resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Enterprise Financial Services Corp)

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