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 of Managers, at any regular or special meeting to the Board. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that 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 Company under any contract to which the officer is a party.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (RedCo Group, Inc.), Limited Liability Company Operating Agreement (Molina Healthcare Inc)

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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 Managersan officer chosen by the Board, at by any regular or special meeting to 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 CompanyCorporation. Any The resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; andtherein or upon the happening of an event specified therein, unless otherwise specified in that noticeand if no time or event is specified, at the acceptance time of the resignation shall not be necessary to make it effectiveits receipt. Any resignation is without prejudice to the rights, if any, of the Company Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Business Combination Agreement (Isos Acquisition Corp.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Manager, and any officer may be removed, either with or without cause, by the Board of Managers, at any regular or special meeting to the BoardManager. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that 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 Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Cornerstone Core Properties REIT, 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 or, except in the case of Managersan officer appointed by the Board, at by any regular or special meeting to 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 CompanyCorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe 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 Company 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 employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board of Managers, at any regular or special meeting to of the Board. Any officer may resign at any time by giving written notice to the Companycorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that such 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 Company corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Voting Agreement (Autotradecenter Com Inc)

Removal and Resignation of Officers. Subject The Member may remove any officer, with or without cause, at any time, subject to the rights, if any, of an such officer under any contract of employment, any officer may be removed, either employment with or without cause, by the Board of Managers, at any regular or special meeting to the BoardCompany. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the date of the receipt of that such notice or at any later time specified in that noticesuch notice (unless such officer is otherwise removed prior to such date); and, and unless otherwise specified in that such 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 Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Keystone Automotive Operations Inc)

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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 of Managers, Members at any regular or special meeting to of the BoardMembers or by such officer, if any, upon whom such power of removal may be conferred by the Members. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, and unless otherwise specified in that noticenotice 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 Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Brimfield Precision 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, cause by the Board Managers or by such officer, if any, upon whom such power of removal may be conferred by the Managers, at any regular or special meeting to the Board. Any officer may resign at any time by giving written notice to the CompanyManagers. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, and unless otherwise specified in that 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 Company LLC under any contract to which the officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Manischewitz B Co LLC)

Removal and Resignation of Officers. Subject The Member may remove any officer, with or without cause, at any time, subject to the rights, if any, of an such officer under any contract of employment, any officer may be removed, either with or without cause, by the Board of Managers, at any regular or special meeting to the BoardCompany. Any officer may resign at any time by giving written notice to the Company. Any resignation shall take effect at the date of the receipt of that such notice or at any later time specified in that noticesuch notice (unless such officer is otherwise removed prior to such date); and, and unless otherwise specified in that such 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 Company under any contract to which the officer is a party.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Adit EdTech Acquisition Corp.)

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