Removal of Officers. Any officer or agent may be removed by the Board of Managers at any time, with or without cause. Such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 14 contracts
Samples: Limited Liability Company Agreement (Huntsman Polymers Corp), Operating Agreement (Huntsman Polymers Corp), Limited Liability Company Agreement (Huntsman Polymers Corp)
Removal of Officers. Any officer or agent of the Company may be removed by a Super Majority Vote of the Board of Managers at any time, with or without cause. Such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 8 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement (Northern Growers LLC)
Removal of Officers. Any officer or agent may be removed by the Board of Managers from office at any time, with or without cause. Such removal shall be without prejudice to , by the contract rights, if any, board of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rightsdirectors.
Appears in 7 contracts
Samples: Agreement and Plan of Merger (Allete Inc), Agreement and Plan of Merger (Allete Inc), Agreement and Plan of Merger (Andrew Corp)
Removal of Officers. Any officer or agent elected or appointed by the Board of Directors may be removed by the Board of Managers at any timeDirectors whenever, with or without cause. Such in its judgment, the best interests of the Corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person person(s) so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sparton Corp), Agreement and Plan of Merger
Removal of Officers. Any officer or agent may be removed by the Board of Managers at any timewhenever, with or without cause. Such in its judgment, the best interests of the Company will be served thereby, but such removal shall be without prejudice to the contract contractual rights, if any, of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 1 contract
Samples: Operating Agreement (Ist, Corp)
Removal of Officers. Any officer Officer or agent elected or appointed by the Board of Directors may be removed by the Board of Managers at any time, time with or without cause. Such removal Removal of any officer shall be without prejudice to the contract rights, if any, of the person so removed. Appointment ; however, election or appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Nexgen Vision Inc)
Removal of Officers. Any officer or agent of this corporation may be removed by the Board of Managers from his or her office or position at any time, with or without cause, by the Board of Directors. Such removal shall be without prejudice Any officer or assistant officer, if appointed by another officer pursuant to the contract rightsauthority, if any, received from the Board of the person so removed. Appointment of an officer or agent shall not of itself create or Directors, may likewise be deemed to create any contract rightsremoved by such officer.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Technology Research Corp)
Removal of Officers. Any officer, assistant officer or agent of the Corporation may be removed by the Board of Managers at any time, either with or without cause, by the Board in its absolute discretion. Such Any such removal shall be without prejudice to the recovery of damages for breach of the contract rights, if any, of the person so officer, assistant officer or agent removed. Appointment Election or appointment of an officer, assistant officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 1 contract
Samples: And Restated Agreement (Celtrix Pharmaceuticals Inc)
Removal of Officers. Any officer or agent may be removed at any time by the Board of Managers at any timeDirectors, with or without causeand such vacancy may be filled by the Board of Directors. Such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent This provision shall not prevent the making of itself create or be deemed to create a contract of employment for a definite term with any officer and shall have no effect upon any cause of action which any officer may have as a result of removal in breach of a contract rights.of employment. Section 3.8
Appears in 1 contract
Samples: Consulting Services Agreement (Interactive Multimedia Publishers Inc)
Removal of Officers. Any officer elected or agent appointed by the Board may be removed by the Board of Managers at any time, with or without cause. Such The removal of an officer without cause shall be without prejudice to the his contract rights, if any, of the person so removed. Appointment The election or appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 1 contract
Samples: Merger Agreement (Healthcare Solutions Management Group, Inc.)
Removal of Officers. Any officer or agent may be removed by the Board of Managers Directors at any time, with or without cause. Such removal shall be without prejudice to the contract rights, if any, of the person so removed. Appointment of an officer or agent shall not of itself create or be deemed to create any contract rights.
Appears in 1 contract
Samples: Severance Compensation Agreement
