Removal of AMLO. The Board retains the right and authority to remove the AMLO designated by NLCS at any time, with or without cause, without payment of any penalty. If the Board dismisses the AMLO, NLCS may present alternative AMLO candidate(s) for Board consideration and approval to continue the services set forth in this Schedule C. If NLCS wishes to dismiss the AMLO under the terms of NLCS’s arrangement with such person, or if such person resigns from NLCS, NLCS will present its plan of action to the Board Schedule C ANTI-MONEY LAUNDERING SERVICES prior to taking such action. Under such circumstances, NLCS may, at the Board’s discretion, offer to present a candidate to the Board that would work through NLCS.
Removal of AMLO. The Board retains the right and authority to remove the AMLO at any time, with or without cause, without payment of any penalty. If the Board dismisses the AMLO, AP may present alternative AMLO candidate(s) for Board consideration and approval to continue the services set forth herein. If AP wishes to dismiss the AMLO under the terms of AP's arrangement with such person, or if such person resigns from AP, AP will present its plan of action to the Board prior to taking such action. Under such circumstances, AP may, at the Board's discretion, offer to present a candidate to the Board that would work through AP. If the Board approves the candidate as the new AMLO, the contract would continue as amended to so reflect.
