Earlier Termination. (A) DELTA shall have the right to terminate this Agreement prior to the expiration of its Term, subject to the provisions of Section 1.3, for the following reasons: (1) By vote of DELTA shareholders: In accordance with Title XXXVI Chapter 607.0808 Removal of directors by shareholders of Florida’s Corporate Law (and except as provided therein) and pursuant to Article II, Section 3(a) of the By-Laws of DELTA that at a meeting of stockholders called expressly for this purpose, a director may be removed, with or without cause, by the vote of the holders of 51% of the issued shares of common stock at an election of directors.
Appears in 3 contracts
Samples: Corporate Director Agreement (Delta Entertainment Group, Inc.), Corporate Director Agreement (Delta Entertainment Group, Inc.), Agreement to Serve as Corporate Director (Delta Entertainment Group, Inc.)
Earlier Termination. (A) DELTA shall have the right to terminate this Agreement prior to the expiration of its Term, subject to the provisions of Section 1.3, for the following reasons:
(1) By vote of DELTA shareholders: In accordance with Title XXXVI Chapter 607.0808 Removal of directors by shareholders of Florida’s 's Corporate Law (and except as provided therein) and pursuant to Article II, Section 3(a) of the By-Laws of DELTA that at a meeting of stockholders called expressly for this purpose, a director may be removed, with or without cause, by the vote of the holders of 51% of the issued shares of common stock then entitled to vote at an election of directors.
Appears in 3 contracts
Samples: Corporate Governance (Delta Entertainment Group, Inc.), Agreement to Serve as Corporate Director (Delta Entertainment Group, Inc.), Agreement to Serve as Corporate Director (Delta Entertainment Group, Inc.)
Earlier Termination. (A) DELTA APOLLO shall have the right to terminate this Agreement prior to the expiration of its Term, subject to the provisions of Section 1.3, for the following reasons:
(1) By vote of DELTA APOLLO shareholders: In accordance with Title XXXVI Chapter 607.0808 Removal of directors by shareholders of Florida’s 's Corporate Law (and except as provided therein) and pursuant to Article II, Section 3(a) of the By-Laws of DELTA APOLLO that at a meeting of stockholders called expressly for this purpose, a director may be removed, with or without cause, by the vote of the holders of 51% of the issued shares of common stock then entitled to vote at an election of directors.
Appears in 1 contract
Samples: Agreement to Serve as Corporate Director (Apollo Entertainment Group, Inc.)
