Removal of Officers; Vacancies. The Officers of the Company shall hold office until their successors are chosen and qualified. Any Officer elected or appointed by the Members or the Board of Directors may be removed at any time by the Chairman of the Board or the affirmative vote of a majority of the Board of Directors. Any vacancy occurring in any office of the Company shall be filled by the Board of Directors.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Niguel Energy Co), Limited Liability Company Agreement (Niguel Energy Co), Limited Liability Company Agreement (Niguel Energy Co)
Removal of Officers; Vacancies. The Officers officers of the Company corporation shall hold office until their successors are chosen elected and qualified. Any Officer officer elected or appointed by the Members or the Board board of Directors directors may be removed at any time by the Chairman of the Board or the affirmative vote of a majority of the Board board of Directorsdirectors. Any vacancy occurring in any office of the Company corporation shall be filled by the Board board of Directorsdirectors.
Appears in 1 contract
Samples: Registration Rights Agreement (Western Power & Equipment Corp)
Removal of Officers; Vacancies. The Officers officers of the Company Corporation shall hold office until their successors are chosen elected and qualified. Any Officer officer elected or appointed by the Members or the Board of Directors may be removed at any time by the Chairman of the Board or the affirmative vote of a majority of the Board of DirectorsDirectors if the Board of Directors finds that such removal will serve the best interests of the Corporation. Such removal does not prejudice any of such officer's contract rights. Any vacancy occurring in any office of the Company Corporation shall be filled by the Board of DirectorsDirectors for the balance of the term.
Appears in 1 contract
Samples: Basic Us Reit Inc
