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

Removal; Vacancies; Transfer of Duties. Any officer or agent of the Company may be removed from office, with or without cause, by the Board of Managers at a meeting called for that purpose. Any vacancy in the office of President, Vice President, Treasurer, or Secretary for any reason shall be filled by a person designated by the Board of Managers for the unexpired term of the vacant office. The Board of Managers in its sole and absolute discretion may transfer the power and duties, in whole or in part, of any officer to any other officer, or persons, notwithstanding the provisions of this Agreement, except as otherwise provided by the laws of the State of Delaware.

Appears in 2 contracts

Samples: Operating Agreement (HMC Merger Corp), Operating Agreement (HMC Merger Corp)

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Removal; Vacancies; Transfer of Duties. Any officer or agent of the Company LLC may be removed from office, with or without cause, by the Board of Managers at a meeting called for that purpose. Any vacancy in the office of President, Vice President, Treasurer, President or Secretary for any reason shall be filled by a person designated by the Board of Managers for the unexpired term of the vacant office. The Board of Managers Board, in its sole and absolute discretion discretion, may transfer the power and duties, in whole or in part, of any officer to any other officer, or persons, notwithstanding the provisions of this Agreement, except as otherwise provided by the laws of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (O Charleys Inc)

Removal; Vacancies; Transfer of Duties. Any officer or agent of the Company LLC may be removed from office, with or without cause, by the Board of Managers at a meeting called for that purpose. Any vacancy in the office of President, Vice President, Treasurer, Chief Executive Officer or Secretary for any reason shall be filled by a person designated by the Board of Managers for the unexpired term of the vacant office. The Board of Managers in its sole and absolute discretion may transfer the power and duties, in whole or in part, of any officer to any other officer, or persons, notwithstanding the provisions of this Agreement, except as otherwise provided by the laws of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Encore Clean Energy Inc)

Removal; Vacancies; Transfer of Duties. Any officer or agent of the Company LLC may be removed from office, with or without cause, by the Board of Managers Members at a meeting called for that purpose. Any vacancy in the office of President, Vice President, Treasurer, Treasurer or Secretary for any reason shall be filled by a person designated by the Board of Managers Members for the unexpired term of the vacant office. The Board of Managers Members in its their sole and absolute discretion may transfer the power and duties, in whole or in part, of any officer to any other officer, or persons, notwithstanding the provisions of this Agreement, except as otherwise provided by the laws of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Boston Gear LLC)

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Removal; Vacancies; Transfer of Duties. Any officer or agent of the Company LLC may be removed from office, with or without cause, by the Board of Managers at a meeting called for that purpose. Any vacancy in the office of President, Vice President, Treasurer, President and Chief Executive Officer or Secretary for any reason shall be filled by a person designated by the Board of Managers for the unexpired term of the vacant office. The Board of Managers Board, in its sole and absolute discretion discretion, may transfer the power and duties, in whole or in part, of any officer to any other officer, or persons, notwithstanding the provisions of this Agreement, except as otherwise provided by the laws of the State of Delaware.

Appears in 1 contract

Samples: Limited Liability Company Agreement (O Charleys Inc)

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