Common use of ELECTION OF THE MANAGERS BY THE MEMBERS; TERM Clause in Contracts

ELECTION OF THE MANAGERS BY THE MEMBERS; TERM. The initial Manager of the LLC shall be Daniel Guez. The Manager shall serve until the earliest of (i) the xxxxxxxxxxt of a different Manager by BR, or (ii) the date upon which such Manager resigns, dies or becomes disabled and unable to serve, whereupon BR shall be entitled to elect a successor. Notwithstanding the foregoing, if Daniel Guez for any reason ceases to serve as Manager of the LLC at xxx xxxx xrior to December 31, 2008, then the appointment of a successor or different Manager at any time prior to December 31, 2008 shall either (a) require BR to appoint as Manager the Chief Executive Officer of People's Liberation (or any successor thereto), or (b) require the unanimous approval of all of the Members, which approval shall not be unreasonably withheld; PROVIDED, HOWEVER, that if BR does not appoint as successor or different Manager the Chief Executive Officer of People's Liberation (or any successor thereto) and the Members cannot unanimously agree on appointment of a successor or different Manager, then such appointment shall be made by WRE. A Manager may resign at any time upon written notice to the LLC.