Common use of Removal; Reappointment of Directors Clause in Contracts

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.

Appears in 7 contracts

Samples: Master Joint Venture and Territorial License Agreement (GBT Technologies Inc.), Joint Venture and Territorial License Agreement (GBT Technologies Inc.), Joint Venture Agreement (GBT Technologies Inc.)

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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 xxxxxx 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.

Appears in 1 contract

Samples: Joint Venture Agreement (Insweb Corp)

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 CompanyGBT Txxxxxxx, 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.

Appears in 1 contract

Samples: Joint Venture Agreement (GBT Technologies Inc.)

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Removal; Reappointment of Directors. Any Director may be removed ----------------------------------- for cause in accordance with Applicable Lawapplicable 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 CompanyE*TRADE Japan, 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 nominated or has the right to nominate the Director in question.

Appears in 1 contract

Samples: Joint Venture Agreement (E Trade Group Inc)

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