Common use of Removal of Director Clause in Contracts

Removal of Director. A Director may be removed before the expiration of the Director’s term of office by a Special Resolution. The Director, if any, who is to fill the vacancy, must be elected by the members at a general meeting. A Director who is removed from office pursuant to these Rules: [a] may not run again for office at the next general meeting at which there is an election of Directors; and [b] may not be appointed by the Directors for one year after removal from office.

Appears in 2 contracts

Samples: Rules of Cooperative Housing Association, Rules of Byrne Creek Housing Co Operative

AutoNDA by SimpleDocs

Removal of Director. ‌‌‌ A Director may be removed before the expiration of the Director’s term of office by a Special Resolution. The Director, if any, who is to fill the vacancy, must be elected by the members at a general meeting. A Director who is removed from office pursuant to these Rules: [a] may not run again for office at the next general meeting at which there is an election of Directors; and [b] may not be appointed by the Directors for one year two years after removal from office.

Appears in 1 contract

Samples: Rules of Pine Ridge Housing Co Operative

Removal of Director. A Director may be removed before the expiration of the Director’s term of office by a Special Resolutionspecial resolution. The Director, if any, who is to fill the vacancy, must be elected by the members at a general meeting. A Director who is removed from office pursuant to these Rules: [a] may not run again for office at the next general meeting at which there is an election of Directors; and [b] may not be appointed by the Directors for one year after removal from office.

Appears in 1 contract

Samples: Rules of Sunkatchers r.v. Park Co Operative

AutoNDA by SimpleDocs

Removal of Director. A Director may be removed The Company may, by Special Resolution, remove any director before the expiration of the Director’s term his period of office by a Special Resolution. The Director, if any, and appoint another person who is to fill the vacancy, must may be elected by the members at a general meeting. A Director who is removed from office pursuant to these Rules: [a] may not run again for office at the next general meeting at which there is an election of Directorsqualified or become qualified in his stead; and [b] may the person so appointed shall hold office during such time only as the director in whose place he is appointed would have held the same if he had not be appointed by the Directors for one year after removal from officebeen removed.

Appears in 1 contract

Samples: Arrangement Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!