Election and Removal. The Persons serving as Directors on the Board of Directors shall be elected and removed from time to time, with or without cause, by a Majority in Interest of the Members. Any vacancy occurring in the Board of Directors other than as a result of the removal of a Director by the Members may be filled for the remainder of any unexpired term, if any, by a majority vote of the remaining Directors even if the number of remaining Directors does not constitute a quorum.
Election and Removal. The Board of Directors shall, at its initial meeting, elect a Chair of the Board of Directors who shall serve until his resignation or removal by the Board of Directors. The Chair shall be elected by a majority vote of the entire Board of Directors and, while a member of the Board of Directors, may be removed only by a majority vote of the entire Board of Directors. If the Chair shall cease to be member of the Board of Directors for any reason, he shall be deemed to have resigned the position of Chair.
Election and Removal. Each of the Parties agrees to cause the Company to vote in favor of the election to the Aufsichtsrat of the persons designated by the Parties under clause 7.1 above and in favor of any person designated pursuant to clause 7.1 to replace any such person.
Election and Removal. Subject to the provisions of Section 3.7 hereof, the persons serving as Directors shall be elected and removed from time to time, with or without cause, by Members holding a Majority of the Units entitled to vote thereon or as otherwise provided in accordance with the preferences, designations, rights, privileges, powers, restrictions, limitations, and qualifications of any class or series of Units. Except as otherwise provided in the Articles of Organization, in this Agreement, or in the preferences, designations, rights, privileges, powers, restrictions, limitations, and qualifications of any class or series of Units, any vacancy occurring in Directors other than as a result of the removal of a Director by the Members may be filled by (i) Members holding a Majority of the Units entitled to vote thereon, or (ii) unless the vacancy occurs as a result of the removal of a Director by the Members, the vote of a majority of the remaining Directors even if the number of remaining Directors does not constitute a quorum.
Election and Removal. Directors shall be elected annually, or at such other intervals not exceeding three years as may be provided by the articles of the Corporation or by the shareholders in general meeting on a show of hands unless a poll is demanded and if a poll is demanded such election shall be by ballot. Subject to the articles of the Corporation, all the directors then in office shall retire at the close of the meeting of shareholders at which directors are to be elected but, if qualified, are eligible for re-election. The shareholders of the Corporation may, by resolution passed by a majority of the votes cast at a special meeting duly called for that purpose, remove any director before the expiration of his term of office and may, by a majority of the votes cast at the meeting, elect any person in his stead for the remainder of his term. Whenever at any election of directors of the Corporation the full number of directors is not elected by reason of the disqualification, the refusal to act or failure to consent to act as a director or the death of any nominee or nominees, the directors elected may exercise all the powers of the board so long as the number of directors so elected constitutes a quorum.
Election and Removal. Except with respect to Officers who are appointed by Declarant pursuant to Article III 1, each Officer will be appointed by the Board to serve at the pleasure of the Board, and may be removed at any time by the Board, with or without cause.
Election and Removal. You understand that you will be serving on the Board at the discretion of the stockholders and that you may be removed from the Board at any time, with or without cause, upon the requisite vote of stockholders in accordance with our charter documents, stockholder agreements as then in effect, and Delaware law. Neither this offer nor your election to the Board is a guarantee of continued Board service for any particular period of time.
Election and Removal. (1) The directors and auditor shall be elected at a General Meeting of Members.
(2) The number of directors constituting the entire Board of Directors shall be six (6), out of which four (4) directors (the “Majority Directors”) shall be appointed as nominated by IMC and two (2) directors (the “Minority Directors”) shall be appointed as nominated by Xxxxxx. If a seat on the Board is vacated by the retirement, resignation, illness, disability or death of a director, or by the removal of a director by the member that nominated such director, the member that nominated such vacating director shall have the right to immediately nominate a successor to be appointed. Each member shall have the power to remove any director appointed by them and to appoint a replacement director.
(3) In the event that, notwithstanding the provisions herein granting rights to members to appoint and remove directors, applicable law may at any time require directors to be removed or appointed at a General Meeting of Members, in which case the members will propose the removal and/or the appointment (as the case may be) of director/s in accordance with this Article 19, and each member shall vote at the relevant General Meeting of Members in favor of the proposed removal and/or appointment (as the case may be).
(4) The auditor may be removed at any time by a resolution of a General Meeting of Members.
Election and Removal. If any Hyatt Designee shall be unable -------------------- or unwilling to serve as a director of IFT or on the Executive Committee of the Board, Hyatt shall be entitled to promptly designate a replacement designee to be elected or appointed. Hyatt may cause any Hyatt Designee to be removed with or without cause, with any vacancy on the Board or on the Executive Committee of the Board so created to be filled as provided in the immediately preceding sentence.
Election and Removal. The officers of the Company shall hold office until their successors are chosen and qualify. Any officer elected or appointed by the Members may be removed at any time by the affirmative vote of a majority of the Members. Any vacancy occurring in any office of the Company shall be filled by the Members.
