Common use of Removal and Resignation Clause in Contracts

Removal and Resignation. Any Officer appointed by the Board may be removed as such, with or without cause and at any time, by the Board whenever in its judgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the Person so removed. Any Officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Board. The acceptance of a resignation shall not be necessary to make it effective, unless expressly provided in the resignation.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.), Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.), Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)

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Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Directors may be removed as such, with or without cause and at any time, by the affirmative vote of a majority of the Board whenever of Directors whenever, in its judgment judgment, the best interests of the Company will corporation shall be served thereby; provided, however, that but such removal shall be without prejudice to the contract contractual rights, if any, of the Person person so removed. Any Officer of the Company officer may resign as such at any time upon by giving written notice to the Companycorporation. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is specified therein, at and unless otherwise specified therein, the time of its receipt by the Board. The acceptance of a such resignation shall not be necessary to make it effective, unless expressly provided in the resignation.

Appears in 6 contracts

Samples: Master Transaction Agreement (RTI Surgical Holdings, Inc.), Master Transaction Agreement (Rti Surgical, Inc.), Merger Agreement (Tutogen Medical Inc)

Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Directors may be removed as such, with or without cause and at any time, by the affirmative vote of a majority of the Board whenever of Directors then in office whenever, in its judgment judgment, the best interests of the Company will corporation shall be served thereby; provided, however, that but such removal shall be without prejudice to the contract contractual rights, if any, of the Person person so removed. Any Officer of the Company officer may resign as such at any time upon by giving written notice to the Companycorporation. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is specified therein, at and unless otherwise specified therein, the time of its receipt by the Board. The acceptance of a such resignation shall not be necessary to make it effective, unless expressly provided in the resignation.

Appears in 2 contracts

Samples: Investment Agreement (Transmeridian Exploration Inc), Investment Agreement (Transmeridian Exploration Inc)

Removal and Resignation. Any Officer appointed by the Board may be removed as such, with or without cause and at any time, by the Board whenever in its judgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the Person so removed. Any Officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Board. , The acceptance of a resignation shall not be necessary to make it effective, unless expressly provided in the resignation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)

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Removal and Resignation. Any Officer appointed by the Board may be removed as such, with or without cause and at any time, by the Board whenever in its judgment the best interests of the Company will be served thereby; , provided, however, that such removal shall be without prejudice to the contract rights, if any, of the Person so removed. Any Officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Board. The acceptance of a resignation shall not be necessary to make it effective, unless expressly provided in the resignation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)

Removal and Resignation. Any Officer appointed by the Board may be removed as such, with or without cause and at any timecause, by a majority vote of the Board votes entitled to be cast by the Directors whenever in its their judgment the best interests of the Company LLC will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the Person so removed. Any Officer of the Company may resign as such at any time upon written notice to the CompanyLLC. Such resignation shall be made in writing and shall take effect at the time specified therein ortherein, or if no time is specified therein, at the time of its receipt by the Board. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ndsi Inc)

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