Removal of a Board Member. Consistent with Section 6.2, Board Members may be removed, with or without cause, from such position by action of the Member. “Action of the Member” shall mean action by written instrument signed by the Member. The removal of a Board Member shall not constitute a waiver or exculpation by the Company or the Member of any liability which the Board Member may have to the Company or the Member, and the Board Member, even though removed, shall remain entitled to exculpation and indemnification from the Company pursuant to Section 9.2 with respect to any matter arising prior to his removal.
Appears in 16 contracts
Samples: Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.)
