Common use of Resignation and Vacancies Clause in Contracts

Resignation and Vacancies. Any director may resign at any time by giving written notice to the Board, the Chairman, the President or the Secretary. Such resignation shall take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by law, vacancies on the Board and newly created directorships will be filled in accordance with the Articles.

Appears in 2 contracts

Samples: ASTROTECH Corp, ASTROTECH Corp

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Resignation and Vacancies. Any director may resign at any time by effective upon giving written notice to the Chairman of the Board, the ChairmanChief Executive Officer, the President President, the Secretary or the Secretary. Such resignation shall take effect at the time specified therein (which may be upon the happening Board of an event or events specified therein) or, if the time be not specified, upon delivery thereof; andDirectors, unless otherwise specified therein, the acceptance of such notice specifies a later time for the resignation shall not be necessary to make it become effective. Except as otherwise required by lawIf the resignation of a director is effective at a future time, vacancies on following the Board and newly created directorships will be filled receipt of notice of resignation in accordance with this Section 2.12, the ArticlesBoard of Directors may, in accordance with Section 2.03, appoint a successor to take office when the resignation becomes effective.

Appears in 2 contracts

Samples: Plan Support Agreement (Blockbuster Inc), Plan Support Agreement

Resignation and Vacancies. Any director may resign at any time by giving written notice (or notice by electronic transmission) to the Board, the Chairman, the President Chief Executive Officer or the Secretary. Such resignation shall take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by law, vacancies on the Board and newly created directorships will be filled in accordance with the ArticlesCertificate.

Appears in 1 contract

Samples: ASTROTECH Corp

Resignation and Vacancies. Any director may resign at any time by giving upon written notice to the Boardcorporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this section in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.certificate of incorporation or these bylaws:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Proquest Co)

Resignation and Vacancies. Any director may resign at any time upon notice given in writing or by giving written notice electronic transmission to the Board, the Chairman, the President or the SecretaryCorporation. Such The resignation shall take effect at the time specified therein (which may be or upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, and if no time or event is specified, at the acceptance time of such resignation shall not be necessary to make it effectiveits receipt. Except as otherwise required by law, Any vacancies on the Board and or newly created directorships will shall be filled as set forth in accordance with the ArticlesCertificate of Incorporation.

Appears in 1 contract

Samples: Stockholders Agreement (Primo Water Corp /CN/)

Resignation and Vacancies. Any director may resign at any time upon notice given in writing or by giving written notice electronic transmission to the BoardCorporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this Section in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.certificate of incorporation or these bylaws:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Procera Networks, Inc.)

Resignation and Vacancies. Any director may resign at any time by giving upon written notice to the Boardattention of the Secretary of the corporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this section in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.certificate of incorporation or these Bylaws:

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Chemdex Corp)

Resignation and Vacancies. Any director Director may resign at any time by giving a written notice to the Board, President of the Chairman, Company or to the President or the SecretaryBoard of Directors. Such resignation shall take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein. If any Director should tender his resignation to take effect at a future time, the acceptance of Sole Member shall have power to elect, at any time, a successor to take office at such time as the resignation shall not be necessary to make it become effective. Except as otherwise required by law, vacancies Any vacancy on the Board and newly created directorships will of Directors resulting from resignation or any other cause may be filled in accordance with by the ArticlesSole Members or by the Directors at any meeting thereof.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Hydratight Operations, Inc.)

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Resignation and Vacancies. Any director may resign at any time by giving upon written notice to the Boardattention of the Secretary of the corporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this section in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.Articles of Incorporation or these Bylaws:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alliance MMA, Inc.)

Resignation and Vacancies. Any director may resign at any time by giving upon written notice to the Boardattention of the Secretary of the corporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this section in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.certificate of incorporation or these by-laws:

Appears in 1 contract

Samples: Credit Agreement (Inamed Corp)

Resignation and Vacancies. Any director may resign at any time by giving written upon notice given in writing or electronic transmission to the BoardCorporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, will have power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation shall not be necessary to make it or resignations will become effective, and each director so chosen will hold office as provided in this Section 3.4 in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.certificate of incorporation or these bylaws:

Appears in 1 contract

Samples: Voting and Lock Up Agreement (Cempra, Inc.)

Resignation and Vacancies. Any director may resign at any time by giving written upon notice given in writing or electronic transmission to the BoardCorporation. When one or more directors so resigns and the resignation is effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have the power to fill such vacancy or vacancies, the Chairman, the President or the Secretary. Such resignation shall vote thereon to take effect at the time specified therein (which may be upon the happening of an event or events specified therein) or, if the time be not specified, upon delivery thereof; and, unless otherwise specified therein, the acceptance of when such resignation or resignations shall not be necessary to make it become effective, and each director so chosen shall hold office as provided in this Section 3.4 in the filling of other vacancies. Except as Unless otherwise required by law, vacancies on provided in the Board and newly created directorships will be filled in accordance with the Articles.Certificate of Incorporation or these Bylaws:

Appears in 1 contract

Samples: Operating Agreement (EG Acquisition Corp.)

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