Common use of Removal of Board Members Clause in Contracts

Removal of Board Members. Each Shareholder also agrees to vote all of his, her, or its common shares from time to time and at all times, in whatever manner as shall be necessary to ensure that (i) no director elected pursuant to Section 2(a) may be removed from office unless such removal is approved by the Shareholder entitled to designate such director, and (ii) any vacancies created by resignation, removal or death of a director elected pursuant to Section 2(a) shall be filled by the Shareholder entitled to designate such Director. All Shareholders agree to execute any written consents required to effectuate the obligations of this Agreement.

Appears in 3 contracts

Samples: Shareholders’ Agreement (TCP International Holdings Ltd.), Shareholders Agreement (TCP International Holdings Ltd.), Shareholders Agreement (TCP International Holdings Ltd.)

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Removal of Board Members. Each Shareholder also agrees to vote all of his, her, or its common shares Shares from time to time and at all times, times in whatever manner as shall be necessary to ensure that (i) no director elected pursuant to Section 2(a) 5.1 of this Agreement may be removed from office unless such removal is directed or approved by the Shareholder person(s) or entity(ies) entitled under Section 5.1 to designate such appoint that director, ; and (ii) any vacancies created by the resignation, removal or death of a director elected pursuant to Section 2(a) 5.1 shall be filled by pursuant to the Shareholder entitled to designate such Directorprovisions of Section 5.1. All Shareholders agree to execute any written consents required to effectuate the obligations of this Agreement, and the Company agrees at the request of any Shareholder entitled to appoint directors to call a special meeting of Shareholders for the purpose of electing directors.

Appears in 1 contract

Samples: Shareholders Agreement (Phoenix Tree Holdings LTD)

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