Common use of Removal; Vacancies; Transfer of Duties Clause in Contracts

Removal; Vacancies; Transfer of Duties. Any officer of the Company may be removed from office, with or without cause, by the Majority-In-Interest of the Members. The power and duties of any officer may be transferred in whole or in part by the Majority-In-Interest of the Members to any other officer or other individual, notwithstanding the other provisions of this Agreement.

Appears in 5 contracts

Samples: Third Fourth, Limited Liability Company Agreement, Limited Liability Company Agreement

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Removal; Vacancies; Transfer of Duties. Any officer of the Company Officer may be removed from office, with or without cause, by the Majority-In-Interest of the MembersMember. The power and duties of any officer may be transferred in whole or in part party by the Majority-In-Interest of the Members Member to any other officer Officer or other individual, notwithstanding the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Removal; Vacancies; Transfer of Duties. Any officer of the Company may be removed from office, with or without cause, by the Majority-In-Interest vote of the MembersBoard. The power and duties of any officer may be transferred in whole or in part by the Majority-In-Interest vote of the Members Board to any other officer or other individual, notwithstanding the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Removal; Vacancies; Transfer of Duties. Any officer of the Company may be removed from office, with or without cause, by the Majority-In-Interest of the MembersBoard. The power and duties of any officer may be transferred in whole or in part by the Majority-In-Interest of the Members Board to any other officer or other individual, notwithstanding the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intrexon Corp)

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