TERM OF MANAGERS. A Manager shall serve as such until he or she dies, is adjudicated incompetent, voluntarily resigns, or is removed as a Manager. Any Manager may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Manager may be removed by the majority vote of the Members. A Manager who is also a Member may also vote as a Member to block his or her removal and such vote shall be counted when calculating the vote of the Members.
TERM OF MANAGERS. Pursuant to Section 428-404 of the Act, a Manager shall serve as such until he or she dies, is adjudicated incompetent, voluntarily resigns, or is removed as a Manager. Any Manager may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Manager may be removed by the majority vote of the Members. A Manager who is also a Member may also vote as a Member to block his or her removal and such vote shall be counted when calculating the vote of the Members.
TERM OF MANAGERS. Any Manager may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Manager may be removed at any time by unanimous vote of the Members, with or without cause. In the event any Manager resigns, dies or otherwise ceases to act as Manager, the Members shall appoint one or more successor Managers to serve for terms designated by the Members.
TERM OF MANAGERS. Managers shall serve until a successor or successors are duly elected and have qualified, or until their earlier resignation or removal.
TERM OF MANAGERS. Each Manager shall be designated to serve until the earliest of (i) the designation and qualification of such Manager’s successor, (ii) the resignation or removal of such Manager in accordance with Section 4.01(d) or Section 4.01(f) and (iii) such Manager’s death or disability.
TERM OF MANAGERS. A Manger shall serve as such until he or she dies, is adjudicated incompetent, voluntarily resigns, or is removed as a Manager. Any Manager may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Manager may be removed by the Majority Consent of the Members. A Manager who is also a Member may also vote as a Member to block his or her removal and such vote shall be counted when calculating the Majority Consent of the Members.
TERM OF MANAGERS. Each Manager shall serve until the earlier of the following events:
TERM OF MANAGERS. Each Manager shall hold office until his death, resignation or removal. Managers shall be full-time employees of, or seconded employees to, Project Company.
TERM OF MANAGERS. Each Manager shall serve until (1) the Manager resigns, or (2) the Manager is removed (with or without cause) by vote of the Members with Majority Consent.
TERM OF MANAGERS. Each Manager on the Board of Managers shall be elected for a term of one (1) year and until his or her successor is duly elected and qualified, or until his or her earlier resignation or removal. Each Member may replace or substitute any Manager selected by it at its sole discretion at any time and from time to time, but no such substitution or replacement shall be effective until the other Member receives written notice of that replacement or substitution. If a Xxxxx Designated Manager resigns or is removed as a member of the Board of Managers, BTI shall designate his or her successor. If a PinnOak Designated Manager resigns or is removed as a member of the Board of Managers, the PinnOak Parties shall designate his or her successor.
