Manager Vacancy Sample Clauses

Manager Vacancy. A Manager vacancy shall occur if a Manager ceases to serve for any reason. Upon the occurrence of a Manager vacancy, the Member who appointed such Manager shall have the sole right to fill such vacancy, and if the Manager was not appointed by a particular Member, then the Members shall promptly elect a successor Manager by the consent of Members holding Supermajority of the issued and outstanding Common Units of the Company.
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Manager Vacancy. A vacancy in the position of a Manager may be filled by the affirmative vote of all of the remaining managers, regardless of whether the remaining managers constitute a quorum, or the affirmative vote of Members owning a majority of all Members’ Percentages in the Company.
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Manager Vacancy. (a) Nothing contained in this Agreement shall be construed as granting to the Manager any right to be retained in Distributor's employ or as interfering with or limiting the sole and exclusive right of Distributor to terminate the employment of the individual who is the Manager or to change such individual's duties so that the individual is no longer acting as the Manager.
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Manager Vacancy. A vacancy in the position of a Manager may be filled by an election at a meeting of the Members called for that purpose.
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Related to Manager Vacancy

  • Vacancy For purposes of this Article, a vacancy occurs when:

  • Removal of Directors Unless otherwise restricted by law, any Director or the entire Board of Directors may be removed or expelled, with or without cause, at any time by the Member, and, subject to Section 10, any vacancy caused by any such removal or expulsion may be filled by action of the Member.

  • Vacancies Whenever a vacancy in the Board of Trustees shall occur, the remaining Trustees may fill such vacancy by appointing an individual having the qualifications described in this Article by a written instrument signed by a majority of the Trustees then in office or may leave such vacancy unfilled or may reduce the number of Trustees; provided the aggregate number of Trustees after such reduction shall not be less than the minimum number required by Section 2.1 hereof; provided, further, that if the Shareholders of any class or series of Shares are entitled separately to elect one or more Trustees, a majority of the remaining Trustees or the sole remaining Trustee elected by that class or series may fill any vacancy among the number of Trustees elected by that class or series. Any vacancy created by an increase in Trustees may be filled by the appointment of an individual having the qualifications described in this Article made by a written instrument signed by a majority of the Trustees then in office. No vacancy shall operate to annul this Declaration or to revoke any existing agency created pursuant to the terms of this Declaration. Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided herein, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by this Declaration.

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Alternate Directors 35.1 Any Director (but not an alternate Director) may by writing appoint any other Director, or any other person willing to act, to be an alternate Director and by writing may remove from office an alternate Director so appointed by him.

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