Common use of Removal of Directors Clause in Contracts

Removal of Directors. Any Director or the entire Board of Directors may be removed at any time, with or without cause, by the Members.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc)

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Removal of Directors. Any Director or the entire Board of Directors may be removed at any time, with or without cause, by a vote of two-thirds (2/3) of all of the MembersDirectors, with the exception of the Director subject removal, at any Regular Meeting or Special Meeting of the Board called for that purpose. In addition, any Director who fails to attend three (3) Regular Meetings of the Board in a fiscal year may be asked to resign unless the Chair of the Board has excused the absences.

Appears in 4 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement

Removal of Directors. Any person elected to serve as a Director or of the entire Board of Directors Company may be removed at any timefrom the Board upon an action by the Members in accordance with Section 6.10 of this Agreement. A Director may also be removed from the Board by a resolution approved by the affirmative vote of a super majority of seventy-five percent (75%) of the Directors. The notice of a meeting called or convened for the purpose of removing a Director must include a statement that the purpose, or one of the purposes of the meeting is removal of a Director. A Director may be removed with or without cause, by the Members.

Appears in 2 contracts

Samples: Operating Agreement (First United Ethanol LLC), Operating Agreement (East Coast Ethanol, LLC)

Removal of Directors. Any A Director or the entire Board of Directors may be removed from the Board at any time, with or without cause, by and only by the MembersMember, in its sole and absolute discrection.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Removal of Directors. Any Director or the entire Board of Directors A director may be removed at any time, with or without causecause at any time by action of the Board, by provided that such action is taken at a meeting of the MembersBoard called expressly for that purpose.

Appears in 1 contract

Samples: Charter School Renewal Agreement

Removal of Directors. A director may only be removed by the Member that elected that director. Any Director or the entire Board of Directors such removal may be removed made at any time, with or without cause, by the Membersapplicable Member delivering a written notice of such removal to the Secretary of the Corporation.

Appears in 1 contract

Samples: Energy and Equity Agreement

Removal of Directors. Any Director director or the entire Board of Directors may be removed at any time, with or without cause, at any special or annual meeting of the shareholders, by the Membersaffirmative vote of a majority of the total voting power of the corporation.

Appears in 1 contract

Samples: Shareholders’ Agreement (Teche Bancshares Inc)

Removal of Directors. Any 21.4 A Director or the entire Board of Directors may be removed at any timefrom office by the Members by Special Resolution for cause or by the board of Directors by resolution made by the Directors, with or without cause, by at any time before the Membersexpiration of his term notwithstanding anything in these Articles or in any agreement between the Company and such Director (but without prejudice to any claim for damages under such agreement).

Appears in 1 contract

Samples: Merger Agreement (Metals Acquisition LTD)

Removal of Directors. Any Director or the entire Board of Directors may be removed at any time, by a Majority of the Common Members either with or without cause, by at any time, at any special meeting called for that purpose or at the annual meeting of the Common Members.

Appears in 1 contract

Samples: Operating Agreement (Gardner Denver Inc)

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Removal of Directors. Any Director director or the entire Board of Directors may be removed from office at any time, with or without causeat a meeting called for that purpose, but only for cause and only by the Members.affirmative vote of the holders of at least 66 2/3% of the voting power of the issued and outstanding Units of the Fund entitled to vote thereon, voting together as a single class. 2.5

Appears in 1 contract

Samples: Limited Liability Company Agreement (New Mountain Guardian IV Income Fund, L.L.C.)

Removal of Directors. Any Director or the entire Board of Directors director may be removed at any time, with either for or without cause, by action of the Membersholders of record of a majority of the outstanding shares of voting capital stock of the Corporation. For proper cause, a director may also be removed at any time by the affirmative vote of at least two-thirds of the whole Board of Directors.

Appears in 1 contract

Samples: Interpublic Group of Companies, Inc.

Removal of Directors. Any Director or the entire Board of Directors may be removed at any timefrom the Board of Directors, with or without cause, only if he is no longer serving as a member of the Compensation Committee. In such circumstance, such Director shall be automatically removed as a Director and shall be replaced by his successor on the MembersCompensation Committee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Antero Resources Finance Corp)

Removal of Directors. Any Director or the entire Board of Directors director may be removed from office at any time, with or without cause, by a vote of three-fourths of the Membersentire Board of Directors.

Appears in 1 contract

Samples: elect.ky.gov

Removal of Directors. Any Director A director, or the entire Board of Directors Directors, may be removed at any time, with or without cause, by the Membersholders of a majority of the shares then entitled to vote at an election of directors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sparton Corp)

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