Common use of Resignation and Removal of Managers Clause in Contracts

Resignation and Removal of Managers. (a) Any Manager may resign at any time upon written notice to the Company. (b) A Manager, or the entire Board of Managers, may be removed at any time, with or without cause, by the Member.

Appears in 13 contracts

Samples: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

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Resignation and Removal of Managers. (a) Any A Manager may resign at any time upon written notice to the Member and the Company. (b) . A Manager, or the entire Board of Managers, Manager may be removed at any timeremoved, with or without cause, by the MemberMember at any time.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

Resignation and Removal of Managers. (a) Any A Manager may resign at upon delivery of written notice thereof to the Chairman of the Board of Managers or, in case of the Chairman’s resignation, to an Authorized Signatory, provided that any time upon Manager who receives written notice of the resignation from the Chairman shall promptly forward such written notice to the Company. (b) A Manager, or other members of the entire Board of Managers, . A Manager may be removed at any time, from office with or without cause, cause by unanimous consent of the MemberMembers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (HF Enterprises Inc.), Limited Liability Company Agreement (HF Enterprises Inc.), Limited Liability Company Agreement (SeD Intelligent Home Inc.)

Resignation and Removal of Managers. (a) Any Manager may resign at any time upon by giving thirty (30) days prior written notice to the Company. (b) A Manager, or the entire Board of Managers, Members. Any Manager may be removed at any time, with or without cause, by the Memberunanimous vote of all of the Members. The Members shall by the unanimous vote of all Members then elect a successor Manager to begin serving simultaneously with the resignation or removal of any Manager. The Members may increase or decrease (but not below one (1)) the number of Managers constituting all of the Managers of the Company.

Appears in 2 contracts

Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)

Resignation and Removal of Managers. (a) Any A Manager may resign at any time upon written by giving Written notice to the Company. (b) . Such resignation shall take effect at the time specified therein, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. A Manager, or the entire Board of Managers, Manager may be removed at any timeremoved, with or without cause, by the Memberaffirmative vote of Members owning a majority of all Members’ Percentages in the Company.

Appears in 2 contracts

Samples: Company Agreement, Model Company Agreements

Resignation and Removal of Managers. (a) Any Manager The Managers may resign at any time upon by delivering a written notice resignation to the CompanyMembers and such resignation shall be effective upon receipt thereby or at a subsequent time as set forth in the notice of resignation. (b) A Manager, or the entire Board of Managers, may be removed at any time, with or without cause, by the Member.

Appears in 1 contract

Samples: Operating Agreement (Lbo Capital Corp)

Resignation and Removal of Managers. (a) Any A Manager may resign at any time upon written by giving Written notice to the Company. (b) . Such resignation shall take effect at the time specified therein, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. A Manager, or the entire Board of Managers, Manager may be removed at any timeremoved, with or without cause, by the Member.affirmative vote of Members owning a majority of all Members’ Percentages in the Company.‌

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Resignation and Removal of Managers. (a) Any Manager may resign at any time upon by delivering written notice of such resignation to the Company. (b) A ManagerMember. Such resignation shall take effect at the time specified in such notice or, if the time is not specified, upon receipt thereof by the Member. Unless otherwise specified therein, acceptance of such resignation shall not be necessary to make it effective. Any or all of the entire Board of Managers, Managers may be removed at any time, with or without causecause and for any reason or no reason at all, by the MemberMember in its sole and absolute discretion.

Appears in 1 contract

Samples: Merger Agreement (Outerwall Inc)

Resignation and Removal of Managers. (a) Any Manager may resign at any time upon by delivering a written notice resignation to the Company. (b) A Manager, remaining Managers and such resignation shall be effective upon receipt thereby or at a subsequent time as set forth in the entire Board notice of Managers, resignation. Any of the Managers may be removed from office at any time, with or without cause, by upon Majority Vote of the MemberMembers.

Appears in 1 contract

Samples: Operating Agreement (Sensory Performance Technology, Inc)

Resignation and Removal of Managers. (a) Any Manager may resign at any time upon written notice to the Company. (b) A Manager, or the entire Board of Managers, . may be removed at any time, with or without cause, by the Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

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