Removal by the Board. The Board may remove any Director for gross negligence, violation of local, state, provincial, or federal laws, gross misconduct, or failure to meet the fiduciary obligations of Directors. Such removal will only occur upon the affirmative vote of not less than six (6) Directors.
Appears in 4 contracts
Sources: Delegation Agreement, Delegation Agreement, Delegation Agreement
Removal by the Board. The Board may remove any Director for gross negligence, violation of local, state, provincial, or federal laws, gross misconduct, or failure to meet the fiduciary obligations of Directors. Such removal will only occur upon the affirmative vote of not less than six twenty-one (621) Directors.
Appears in 2 contracts
Sources: Request for Approval of Proposed Revisions to Bylaws, Delegation Agreement