Common use of Resignation and Removal of Directors Clause in Contracts

Resignation and Removal of Directors. Any director may resign at any time by delivering his resignation in writing to the chairman, president or secretary of the corporation, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors may be removed at any time, either with or without cause, by vote of the stockholders.

Appears in 4 contracts

Samples: Merger Agreement (Dress Barn Inc), Merger Agreement (Comtech Telecommunications Corp /De/), Merger Agreement (Radyne Corp)

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Resignation and Removal of Directors. Any director may resign at any time by delivering his resignation in writing to the chairman, president or secretary of the corporationcompany, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any Subject to Section 3.1 of the Shareholders Agreement, so long as such Shareholders Agreement remains in effect, any or all of the directors may be removed at any time, either with or without cause, by vote of the stockholdersstockholders unless such director(s) was designated pursuant to Section 3.1 of the Shareholders Agreement, in which case, such director(s) may only be removed or replaced by the designating Shareholder.

Appears in 4 contracts

Samples: By Laws (Brookstone Holdings Corp.), By Laws (Brookstone Holdings Corp.), By Laws (Advanced Audio Concepts, LTD)

Resignation and Removal of Directors. Any director may resign at any time by delivering his resignation in writing to the chairman, president or secretary of the corporation, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors may be removed at any time, either ether with or without cause, by vote of the stockholders.

Appears in 2 contracts

Samples: By Laws (Easton Sports, Inc.), By Laws (Bell Powersports, Inc.)

Resignation and Removal of Directors. Any A director may resign at any time by delivering his resignation in writing upon written notice to the chairman, president or secretary board of the corporation, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effectivedirectors. Any or all of the directors A director may be removed at any time, either with or without cause, by vote a majority of stockholders if the notice of the stockholdersmeeting names the director or directors to be removed at said meeting.

Appears in 1 contract

Samples: Merger Agreement (Capital City Energy Group, Inc.)

Resignation and Removal of Directors. Any director Director may resign at any time by delivering his a written resignation in writing to the chairman, president Board or secretary any officer of the corporation, to take effect Corporation and shall be effective upon receipt thereby or at the a subsequent time specified as set forth in the notice of resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors Directors may be removed from office at any time, either time with or without cause, by cause upon the vote for removal of a majority of the stockholders.shares entitled to vote at an election of Directors. As used herein, “cause” shall be defined as:

Appears in 1 contract

Samples: Certificate of Incorporation (Heugenis Inc)

Resignation and Removal of Directors. Any director Director may resign at any time by delivering his or her resignation in writing or electronic transmission to the chairman, president or secretary of the corporationCompany, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all member of the directors Board may be removed at any time, either from such position with or without cause, cause only by vote the member appointing or electing such Board member pursuant to the provisions of the stockholdersSection 5.02(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Petrohawk Energy Corp)

Resignation and Removal of Directors. Any A director may resign at any time by delivering his resignation in writing upon written notice to the chairman, president or secretary board of the corporation, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effectivedirectors. Any or all of the directors A director may be removed at any time, either with or without cause, by vote a majority of shareholders if the notice of the stockholdersmeeting names the director or directors to be removed at said meeting.

Appears in 1 contract

Samples: Transaction Agreement (Bedding Experts Inc)

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Resignation and Removal of Directors. Any director may resign at any time by delivering his resignation in writing to the chairman, president chief executive officer of the Corporation or secretary of the corporationCorporation, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors may be removed at any timeremoved, either with or without but only for cause, by vote of the stockholdersstockholders at a meeting duly called for such purpose.

Appears in 1 contract

Samples: Merger Agreement (Fei Co)

Resignation and Removal of Directors. Any director Director may resign at any time by delivering his resignation in writing or electronic transmission to the chairman, president or secretary of the corporationCompany, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors Directors may be removed at any time, either with or without cause, by vote of the stockholdersManaging Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sheridan Children's Healthcare Services of Arizona, Inc.)

Resignation and Removal of Directors. Any director A Person may resign as a Director at any time by delivering his resignation in writing upon seven (7) days’ prior written notice to the chairman, president or secretary other Directors and the Member. All Directors shall serve at the discretion of the corporationMember, to take effect at the time specified in the resignation; the acceptance of a resignation, unless required by its terms, shall not be necessary to make it effective. Any or all of the directors and may be removed at any time, either with or without cause, by vote of the stockholdersMember.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Barrington Quincy LLC)

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