Removal of a Manager. Due to the unique nature of the project being undertaken by the Company, and the relationship of the Managers to such project(s), the Managers, once elected, enjoy a protected status. A Manager may be removed, but only for good and sufficient cause, and only by Vote of 75% in Interest of the Members and unaffected Managers, if any, considered together at a meeting called expressly for that purpose. Any removal shall be without prejudice to the rights, if any, of such Manager under any contract of employment. Upon the effectiveness of such removal, the Members may by the consent of a Majority-In-Interest and any remaining Manager(s), if any, elect a successor Manager to continue the business of the Company, or continue the business of the Company with the remaining Manager(s) acting in that capacity.
Appears in 6 contracts
Samples: Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC)
