Common use of Appointment and Removal of Directors Clause in Contracts

Appointment and Removal of Directors. It is not necessary for a shareholder to be a director or for a director to be a shareholder. In a small, private company it is usual for every shareholder to also be a director. We have provided for that. If a shareholder ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Appears in 2 contracts

Samples: Shareholders' Agreement, Shareholder Agreement

AutoNDA by SimpleDocs

Appointment and Removal of Directors. It is not necessary for a shareholder to be a director or for a director to be a shareholder. In a small, private company it is usual for every shareholder to also be a director. We have provided for that. If a shareholder ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Appears in 1 contract

Samples: Shareholders' Agreement

Appointment and Removal of Directors. It is not necessary for a shareholder to be a director or for a director to be a shareholder. In a small, private company corporation it is usual for every shareholder to also be a director. We have provided for that. If a shareholder ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Appears in 1 contract

Samples: Shareholder Agreement

AutoNDA by SimpleDocs

Appointment and Removal of Directors. It is not necessary for a shareholder to be a director or for a director to be a shareholder. In a small, private company it is usual for every shareholder to also be a director. We have provided for that. If a shareholder ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . However, in a small, proprietary company it is usual for every shareholder also to be a director. We have provided for that. If a shareholder does not wish to ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■

Appears in 1 contract

Samples: Shareholders' Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!