Common use of Removal and Resignation of Officers Clause in Contracts

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, at any regular or special meeting of the Board or such committee, or, except in case of an officer chosen by the Board or authorized committee, by any officer upon whom such power of removal may be conferred by the Board or authorized committee. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 4 contracts

Samples: Affiliation Agreement (Sunpower Corp), Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, all officers serve at the pleasure of the Board of Directors and any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, or, except in case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 3 contracts

Samples: By Laws (Eurosport Active World Corp), By Laws (Eagle Aero Holdings CORP), By Laws (Eagle Aero Holdings CORP)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, board of directors at any regular or special meeting of the Board or such committee, board or, except in the case of an officer chosen by the Board or authorized committeeboard of directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeboard of directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 2 contracts

Samples: Credit Agreement (Inamed Corp), Merger Agreement (Proquest Co)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer Officer under any contract of employment, any officer Officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committeeof Directors, at any regular or special meeting of the Board or such committeeof Directors, or, except in case of an officer Officer chosen by the Board or authorized committeeof Directors, by any officer Officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer Officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer Officer is a party.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rosetta Resources Offshore, LLC), Limited Liability Company Agreement (Rosetta Resources Offshore, LLC)

Removal and Resignation of Officers. Subject to the rights, rights (if any, ) of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, board or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such the power of removal may be is conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the Corporationcorporation (including written notice by electronic mail, or other facsimile or electronic transmission). Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, rights (if any, ) of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Bylaws

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, board of directors at any regular or special meeting of the Board or such committee, board or, except in the case of an officer chosen by the Board or authorized committeeboard of directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeboard of directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at on the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (Dts, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, board or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such the power of removal may be is conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (Alliance MMA, Inc.)

Removal and Resignation of Officers. (a) Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, of Directors or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committee. of Directors. (b) Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (Asv Holdings, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, of Directors or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (Procera Networks, Inc.)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer Officer under any contract of employment, any officer Officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committeeof Directors, at any regular or special meeting of the Board or such committeeof Directors, or, except in the case of an officer Officer chosen by the Board or authorized committeeof Directors, by any officer Officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer Officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any contract to which the officer Officer is a party.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rosetta Resources Offshore, LLC)

Removal and Resignation of Officers. 4.1 Subject to the rights, if any, any of an officer under any contract or agreement of employment, any officer may be removed, either with or without cause, by an affirmative vote of the a majority of the Board or authorized committeedirectors at that time in office, at any regular or special meeting of the Board or such committeeof Directors, or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committee. of Directors. 4.2 Any officer may resign at any time time, by giving written notice to the CorporationBoard of Directors. Any resignation shall take effect at on the date of the receipt of that notice or at any later time specified in that notice; and, . unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract or agreement to which the officer is a party.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Inpixon)

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Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, board of directors at any regular or special meeting of the Board or such committee, board of directors or, except in the case of an officer chosen by the Board or authorized committeeboard of directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeboard of directors. Any officer may resign at any time by giving written notice to the Corporationcorporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless . Unless otherwise specified in that noticethe notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (Command Center, Inc.)

Removal and Resignation of Officers. (a) Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the a majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, of Directors or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such the power of removal may be is conferred by the Board or authorized committee. of Directors. (b) Any officer may resign at any time by giving written notice to the Corporation. Any resignation shall take effect at on the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Merger Agreement (ATN International, Inc.)

Removal and Resignation of Officers. Subject to Any officer elected by the rights, if any, Board of an officer under any contract Directors or whose appointment has been ratified by the Board of employment, any officer Directors may be removed, either removed with or without cause, cause at any time by an affirmative a majority vote of the majority all Directors. Any other employee of the Board Partnership may be removed or authorized committee, dismissed at any regular or special meeting of the Board or such committee, or, except in case of an officer chosen time by the Board or authorized committee, by any officer upon whom such power of removal may be conferred by the Board or authorized committeePresident. Any officer may resign resign, at any time time, by giving filing a written notice to resignation with the CorporationBoard of Directors, the Chairman of the Board of Directors (if there is one), with the President, or with the Secretary. Any such resignation shall take effect at the date of the receipt of that notice or at any later time specified in that such notice; and, unless . Unless otherwise specified in that such notice, the acceptance of the such resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Partnership under any contract to which the officer is a party.

Appears in 1 contract

Samples: By Laws (Federated Core Trust Ii)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, of Directors or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the secretary of the Corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

Removal and Resignation of Officers. Subject Without prejudice to the rights, if any, of an officer under any ----------------------------------- contract of employment, any officer Officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committeeof Managers (or, to the extent the power to prescribe authorities and duties of additional Officers is delegated to them, the Managing Director and President) at any regular or special meeting of the Board of Managers or by such committeeOfficer, orif any, except in case of an officer chosen by the Board or authorized committee, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeof Managers. Any officer Officer may resign at any time by giving written notice to the CorporationCompany. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, and unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation Company under any employment contract to which the officer Officer is a party.

Appears in 1 contract

Samples: Operating Agreement (Patina Oil & Gas Corp)

Removal and Resignation of Officers. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by an affirmative vote of the majority of the Board or authorized committee, of Directors at any regular or special meeting of the Board or such committee, board or, except in the case of an officer chosen by the Board or authorized committeeof Directors, by any officer upon whom such power of removal may be conferred by the Board or authorized committeeof Directors. Any officer may resign at any time by giving written notice to the Corporationattention of the Secretary of the corporation. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation corporation under any contract to which the officer is a party.

Appears in 1 contract

Samples: Joint Venture Agreement (Chemdex Corp)

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