Removal; Reappointment of Directors. Any Director may be removed for cause in accordance with Applicable Law. In addition, each Party having the right to appoint a Director pursuant to this Section 4 shall also have the right, in its sole discretion, to remove such Director at any time, effective upon delivery of written notice to the Company, the Director to be removed and to the other Party. In the case of a vacancy in the office of a Director for any reason (including removal pursuant to the preceding sentence), the vacancy shall be filled by the Party that appointed the Director in question.
Removal; Reappointment of Directors. Any Director may be removed for cause in accordance with applicable law. In addition, each Party having the right to appoint a Director pursuant to this Section 4 shall also have the right, in its sole discretion, to remove such Director at any time by a written notice to the Company and the other Party, in which event the Party which nominated the Director in question shall cause such Director to deliver a written resignation to the Company. In the case of a vacancy in the office of a Director for any reason (including removal pursuant to the preceding sentence), the vacancy shall be filled by the Party that nominated or has the right to nominate the Director in question, subject to obtaining the approval of a majority of the remaining Directors.
Removal; Reappointment of Directors. Any Director may be removed for cause in accordance with the applicable provisions of this Agreement and Applicable Law; provided, however, that any JV Investor proposing to remove any Director for cause shall first consult with the other JV Investors so that the JV Investors may, in good faith, attempt to resolve the matter without a formal vote. In addition, any vote taken to remove any Director elected pursuant to Section 6.1, or to fill any vacancy created by the death, disability, retirement, resignation or removal of a Director elected pursuant to Section 6.1, shall also be subject to the provisions of this Section 6.2. In the event of the death, disability, retirement, resignation or removal of any Director (a “Former Director”), and pending the replacement of such Former Director, the remaining members of the Board shall give effect to the vote of the other Directors appointed by the same JV Investor as if the Former Director still served on the Board and had cast such Director’s vote in the same way as such other Directors.
Removal; Reappointment of Directors. Any Director may be removed for cause in accordance with Applicable Law. In addition, a Major Shareholder or NPI (unless it is a Defaulting Party) may, at any time and in its sole discretion, propose the removal, with or without cause, of any Director nominated by it. Such Major Shareholder or NPI shall indemnify the Company for any damage resulting from claims by or on behalf of such removed Director relating to such removal. In the case of a vacancy in the office of a Director for any reason (including removal), the vacancy shall be filled by a person nominated by the Shareholder that nominated the removed Director unless such Major Shareholder is a Defaulting Party, in which case the vacancy shall be filled by the other Major Shareholder. Upon notice by a Major Shareholder or NPI desiring to remove the Director it has nominated or appoint a replacement therefor pursuant to this Section 4.3, the Board shall promptly call an extraordinary shareholders’ meeting and each Party shall affirmatively vote all its Shares to remove such Director or appoint a replacement, as the case may be.
Removal; Reappointment of Directors. Any Director may be removed for cause in accordance with Applicable Law. In addition, subject to Applicable Law, each Party having the right to nominate a Director pursuant to this Section 5 shall also have the right, in its sole discretion, to suggest a removal of such Director at any time and in such an event, the Parties shall pass all such Shareholders’ resolutions to effect the aforementioned removal. In the case of a vacancy in the office of a Director for any reason (including removal pursuant to the preceding sentence), the vacancy shall be filled by the Party that nominated the Director in question and the Parties shall pass all such Shareholders’ resolutions to effect the aforementioned nomination. The Party suggesting a removal of a Director shall indemnify and reimburse the Company for any remuneration that may become due to such Director as a result of such removal.
Removal; Reappointment of Directors. Each Party shall have the right, in its sole discretion, to remove at any time any Director appointed by such Party pursuant to Section 1.1, effective upon delivery of written notice to ACC and the other Party. In the case of a vacancy in the office of a Director for any reason (including removal pursuant to the preceding sentence), the vacancy shall be filled by the Party that appointed the Director to which such vacancy relates. Toshiba may remove and/or replace its Board observer described in Section 1.1 at any time at its sole discretion, effective upon delivery of written notice to ACC and Audiovox.
