Appointment and Removal. Officers of the Company may be appointed by the Board from time to time as appropriate. The Board shall have the right to appoint, remove or replace any Officer at any time, regardless of reason or cause. Upon appointment, any Officer shall have the powers and duties specified in the Board’s resolutions appointing such Officer. Any 2 or more offices may be held by the same person. Appointment of an Officer shall not of itself create any contractual rights to continued employment or otherwise and such employment shall be terminable at will in all cases, unless expressly agreed otherwise in writing by a duly authorized and more senior Officer of the Company acting with the approval and authorization of the Board.
Appears in 4 contracts
Samples: Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.)
