Common use of Qualification; Removal Clause in Contracts

Qualification; Removal. The Officers may be Members and shall hold office until their death, resignation or removal by the Managing Member. Any Officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time is specified, at the time of its receipt by the Managing Member. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. All employees, agents and Officers shall be subject to the supervision and direction of the Managing Member and may be removed, with or without cause, from such office by the Managing Member and the authority, duties or responsibilities of any employee, agent or Officer of the Company may be suspended by or altered by the Managing Member from time to time.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Venture Global, Inc.), Limited Liability Company Agreement (Venture Global, Inc.), Limited Liability Company Agreement (Venture Global, Inc.)

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Qualification; Removal. The Officers may may, but are not required to, be Members and shall hold office until their death, resignation or removal by the Managing MemberBoard. Any Officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time is specified, at the time of its receipt by the Managing MemberBoard. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. All employees, agents and Officers shall be subject to the supervision and direction of the Managing Member Board and may be removed, with or without cause, from such office by the Managing Member Board and the authority, duties or responsibilities of any employee, agent or Officer of the Company may be suspended by or altered by the Managing Member Board from time to time.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Venture Global, Inc.), Limited Liability Company Agreement (Venture Global, Inc.), Limited Liability Company Agreement (Venture Global, Inc.)

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