Election and Term of Managers Sample Clauses

Election and Term of Managers. (A) The Sole Member’s Chief Executive Officer shall nominate the Managers of the Company, subject to confirmation by the Product Committee of the Sole Member’s Board of Trustees, or another Board of Trustees committee designated by the Board of Trustees and communicated to the Chief Executive Officer (“BoT Committee”). The Sole Member shall always have a representative on the Board of Managers, as determined by the BoT Committee.
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Election and Term of Managers. Managers will be elected at meetings of the members called for the purpose of electing managers. The notice of any meeting of members at which managers are elected must state that electing managers is a purpose of the meeting. Each manager, including each of the initial managers named in this agreement, will serve for a term ending at the next meeting of members called for the purpose of electing managers, or until the manager’s earlier death, resignation, or removal.
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Election and Term of Managers. The Company shall have two (2) Managers. One of the Managers shall be designated by Cinema Ride (the "Cinema Ride Manager") and one of the Managers shall be designated by HK LLC (the "HK LLC Manager"). Each of Cinema Ride and HK LLC shall have the right to remove the Manager appointed by it at any time and for any reason, by written notice to the other Member, and each Manager so appointed shall serve in the capacity until he or she resigns or is removed by Cinema Ride or HK LLC, as applicable, in their absolute discretion. Each replacement Manager shall be subject to the approval of the other Member which approval shall not be unreasonably withheld. The initial Managers shall be Mitch Francis (as designated by Cinema Ride) and Hal Kolker (as desixxxxxx xx XX Inc.).
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Election and Term of Managers. The Managers of the Company shall be such person, persons, entity or entities as may be appointed by the Class A Members. The identity and number of Managers shall be determined by the Class A Members at the annual meeting of the Members. The Class A Members shall identify the initial Manager(s) by filing the appropriate initial list of managers with the Secretary of State. Except as otherwise provided in this Agreement, no prior consent or approval of a Member is required for any act or transaction to be taken by the Managers. A Manager elected under this Section 5.3 shall hold office until the expiration of the term for which elected and until a successor has been elected and qualified.
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Election and Term of Managers. At each annual meeting of the Members, the Members shall vote on the election of the Manager(s) to hold office until the next annual meeting. Except in the case of a Manager who has resigned or who has been removed pursuant to Section 5.10, the incumbent Managers shall be deemed to have been re-elected to serve for the ensuing one-year term unless new Managers are elected by the affirmative vote or written consent of the Members owning at least 66% of the total Membership Interests. A Manager elected under this Section 5.3 shall hold office until the expiration of the term for which elected and until a successor has been elected and qualified, except in the case of the death, resignation, or removal of such Manager.
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Election and Term of Managers. Until the earlier of a Manager’s resignation, removal or death, each Manager shall hold office until a successor is appointed in accordance with this Section 4.3.
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Election and Term of Managers. The initial Manager shall be Xxxxxx Xxxxx, and he shall serve until the first Annual Member's Meeting and until his successor is duly elected and qualified. The first Board of Managers shall be elected at the first Annual Member's Meeting. Each Manager elected at the first Annual Member's Meeting shall serve for a term of one (1) year, expiring when his/her successor is duly elected and qualified at the next applicable Annual Member's Meeting. Nothing herein shall be construed to prevent any of the following: (i) the election of a Manager to succeed himself/herself; (ii) the election of a Manager for the remainder of an unexpired term of another Manager; or (iii) an increase or decrease in the number of Managers.
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Election and Term of Managers. Section 4.6 of the Operating Agreement is hereby deleted in its entirety and replaced with the following:
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Related to Election and Term of Managers

  • Election and Term of Office The officers of the Company shall be elected annually by the Board of Managers at the first meeting of the Board of Managers held after the annual meeting of Members. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as convenient. Vacancies may be filled or new offices created and filled at any meeting of the Board of Managers. Each officer shall hold office until his successor shall have been duly elected and shall have qualified or until his death or until he shall resign or shall have been removed in the manner hereinafter provided.

  • Election and Term The President, Treasurer and Secretary shall, and the Chairman of the Board may, be appointed by and shall hold office at the pleasure of the Manager or the Board. The Manager, the Board, or the President may each appoint such other officers and agents as such person shall deem desirable, who shall hold office at the pleasure of the Manager, the Board, or the President, and who shall have such authority and shall perform such duties as from time to time shall, subject to the provisions of Section 5(d) hereof, be prescribed by the Manager, the Board, or the President.

  • Number, Election and Term of Office The Board of Directors shall consist of not fewer than one (1) or more than five (5) persons, or such other number as is fixed from time to time by the vote of a majority of the entire Board of Directors or by action of the Sole Member or Members of the Company. Directors shall be elected at the annual meeting of the Sole Member or Members for a term of one year, and shall hold office until their successors are elected, or until their earlier death, resignation or removal as provided in this Agreement.

  • Number, Election and Term The Board shall consist of not less than one, nor more than seven individual directors, the exact number of which shall be determined by the Board from time to time. Initially, there shall be three directors, Xxxxxx X.

  • Appointment and Term of Office The Officers shall be appointed by the Board of Directors at such time and for such term as the Board of Directors shall determine. Any Officer may be removed, with or without cause, only by the Board of Directors. Vacancies in any office may be filled only by the Board of Directors.

  • Duration and Termination of Trust Section 4. Unless terminated as provided herein, the Trust shall continue without limitation of time. Subject to the voting powers of one or more classes or series of Shares as set forth in the Bylaws, the Trust may be terminated at any time (i) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares entitled to vote or (ii) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders. Any series or class of Shares may be terminated at any time (x) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares of such series of class entitled to vote or (y) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders of such series or class. For the avoidance of any doubt and notwithstanding anything to the contrary in this Declaration, Shareholders shall have no separate right to vote with respect to the termination of the Trust or a series of class of Shares if the Trustees (including the Continuing Trustees) exercise their right to terminate the Trust or such series or class pursuant to clauses (ii) and (y) of this Section 4. Upon termination of the Trust or of any one or more series or classes of Shares, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Trust or of the particular series or class, as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash or shares or other property, or any combination thereof, and distribute the proceeds to the Shareholders of the series or class(es) involved, ratably according to the number of Shares of such series or class held by the several Shareholders on the date of termination, except to the extent otherwise required or permitted by the preferences and special or relative rights and privileges of any classes or series of Shares.

  • Formation and Term The Company was formed as a Delaware limited liability company on September 7, 2012. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement.

  • Election and Tenure The President, the Treasurer and the Secretary, and such other officers as the Trustees may in their discretion from time to time elect shall each be elected by the Trustees to serve until his or her successor is elected or qualified, or until he or she sooner dies, resigns, is removed or becomes disqualified. Each officer shall hold office and each agent shall retain authority at the pleasure of the Trustees.

  • Number and Term of Office The authorized number of directors of the corporation shall be fixed in accordance with the Certificate of Incorporation. Directors need not be stockholders unless so required by the Certificate of Incorporation. If for any cause, the directors shall not have been elected at an annual meeting, they may be elected as soon thereafter as convenient at a special meeting of the stockholders called for that purpose in the manner provided in these Bylaws.

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