Replacement of Members. Each Party shall have the right to replace its committee members or co-chairs by written notice to the other Party. In the event any committee member or co-chair becomes unwilling or unable to fulfill his or her duties hereunder, the Party that appointed such member shall promptly appoint a replacement by written notice to the other Party.
Replacement of Members. It is acknowledged that it is generally in the best interests of the tenure review process that the same three people serve on the ITRC for the entire four-year period. However, in cases where that is not possible, the following applies.
Replacement of Members. If (i) any member of the Stockholders’ Committee ceases to satisfy the Membership Criterion or resigns or (ii) AIC no longer has the right to designate a member of the Stockholders’ Committee, such member or the AIC Designee, as applicable, shall immediately cease to be a member of the Stockholders’ Committee. The chief executive officer of APAM, if he is a Covered Person and not already a member of the Stockholders’ Committee, shall replace such member of the Stockholders’ Committee, provided that if such member was the AIC Designee and AIC continues to have the right to designate one member of the Stockholders’ Committee, AIC shall select the replacement. If the chief executive officer of APAM is not a Covered Person or is already a member of the Stockholders’ Committee, and there are two remaining members of the Stockholders’ Committee, such remaining members shall jointly select another Covered Person who satisfies the Membership Criterion to replace such member. If such remaining members cannot agree on a third member or if there are fewer than two remaining members of the Stockholders’ Committee, then the member or members of the Stockholders’ Committee, as applicable, will be selected by the vote of Covered Persons holding a majority of the aggregate number of shares of Covered Common Stock from among candidates nominated by the five Covered Persons (other than AIC) who hold, at such time, the largest number of shares of Covered Common Stock.
Replacement of Members. Effective as of the Closing, the individuals listed in Section 7.8 of the HWI Disclosure Schedule shall resign from all positions held, whether as a director, officer, manager, employee or otherwise, with the Persons listed therein, including Lemmerz Holding and any Lemmerz Subsidiary.
Replacement of Members. 7.1 Either party may, at any time, remove any of its own appointees from membership of the Joint Committee.
Replacement of Members. 7.1 Either party may, at any time, remove any of its own appointees from membership of the LNC.
