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 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.

Appears in 4 contracts

Samples: Shareholders Agreement (Ariba Inc), Shareholders Agreement (Ariba Inc), Shareholders Agreement (Ariba Inc)

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