Common use of Removal and Replacement Clause in Contracts

Removal and Replacement. (i) Any Person or group of Persons entitled to designate a Director may remove such designee by sending a written notice to the Company’s Secretary stating the name of the designee to be removed from the Board of Directors (the “Removal Notice”) and, upon receipt of such notice by the Company’s Secretary, such designee shall be removed from the Board of Directors (and such a designee shall only be removed in such manner), and each Stockholder hereby agrees to vote, at any annual or special meeting, by written consent, or otherwise, all Shares and will take all Necessary Actions within such Stockholder’s control to effect such removal.

Appears in 4 contracts

Samples: Principal Stockholders Agreement (Atotech LTD), Principal Stockholders Agreement (Atotech LTD), Principal Stockholders Agreement (Axalta Coating Systems Ltd.)

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Removal and Replacement. (i) Any Person or group of Persons entitled to designate a Director may remove such designee by sending a written notice to the Company’s Secretary stating the name of the designee to be removed from the Board of Directors (the “Removal Notice”) and, upon receipt of such notice by the Company’s Secretary, such designee shall be removed deemed to have resigned from the Board of Directors (and such a designee shall only be removed in such manner), and each Stockholder hereby agrees to vote, at any annual or special meeting, by written consent, or otherwise, all Shares and will take all Necessary Actions within such Stockholder’s control to effect such removal.

Appears in 3 contracts

Samples: Stockholders Agreement, Stockholders Agreement (CommScope Holding Company, Inc.), Stockholders Agreement (CommScope Holding Company, Inc.)

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Removal and Replacement. (i) Any Person or group of Persons entitled to designate a Director The Shareholder may remove such designee a Shareholder Designee by sending a written notice to the Company’s Secretary stating the name of the designee to be removed from the Board of Directors (the “Removal Notice”) and, upon receipt of such notice by the Company’s Secretary, such designee shall be removed deemed to have resigned from the Board of Directors (and such a designee shall only be removed in such manner), and each Stockholder hereby agrees to vote, at any annual or special meeting, by written consent, or otherwise, all Shares and will take all Necessary Actions within such Stockholder’s control to effect such removal.

Appears in 2 contracts

Samples: Shareholder’s Agreement (FB Financial Corp), Shareholder’s Agreement (FB Financial Corp)

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