Common use of Resignation by the Manager Clause in Contracts

Resignation by the Manager. The Manager may resign at any time upon sixty (60) days’ prior written notice to the Company, which right shall not be contingent upon the finding of a replacement manager. However, if the Manager resigns, until the date on which the resignation becomes effective, the Manager shall, upon request of the Board of Directors, use reasonable efforts to assist the Board of Directors to find a replacement manager at no cost and expense to the Company.

Appears in 11 contracts

Samples: Management Services Agreement (1847 Holdings LLC), Management Services Agreement (1847 Holdings LLC), Management Services Agreement (1847 Holdings LLC)

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Resignation by the Manager. The Manager may resign and terminate this Agreement at any time upon sixty (60) with 90 days’ prior written notice to the Company, which right shall not be contingent upon the finding of a replacement manager. However, if the Manager resigns, until the date on which the resignation becomes effective, the Manager shall, upon request of the Company’s Board of Directors, use reasonable efforts to assist the Company’s Board of Directors to find a replacement manager at no cost and expense to the Company.

Appears in 6 contracts

Samples: Management Services Agreement, Management Services Agreement (Compass Diversified Holdings), Management Services Agreement (Compass Diversified Holdings)

Resignation by the Manager. The Manager may resign at any time upon sixty (60) with 120 days’ prior written notice to the Company, which right shall not be contingent upon the finding of a replacement manager. However, if the Manager resigns, until the date on which the resignation becomes effective, the Manager shall, upon request of the Company’s Board of Directors, use reasonable efforts to assist the Company’s Board of Directors to find a replacement manager at no cost and expense to the Company.

Appears in 4 contracts

Samples: Management Services Agreement (1847 Holdings LLC), Management Services Agreement (Atlas Industries Holdings LLC), Management Services Agreement (Atlas Industries Holdings LLC)

Resignation by the Manager. The Manager may resign and terminate this Agreement at any time upon sixty (60) with 180 days’ prior written notice to the Company, which right shall not be contingent upon the finding of a replacement manager. However, if the Manager resigns, until the date on which the resignation becomes effective, in addition to continuing to perform the Services hereunder, the Manager shall, upon request of the Board of Directors, use reasonable efforts to assist the Board of Directors to find a replacement manager at no manager, subject to any cost and or expense related to this effort being reimbursed by the Company.

Appears in 1 contract

Samples: Management Services Agreement (Ore Pharmaceutical Holdings Inc.)

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Resignation by the Manager. The Manager may resign and terminate this Agreement at any time upon sixty (60) with 180 days’ prior written notice to the Company, which right shall not be contingent upon the finding of a replacement manager. However, if the Manager resigns, until the date on which the resignation becomes effective, the Manager shall, upon request of the Company’s Board of Directors, use reasonable efforts to assist the Company’s Board of Directors to find a replacement manager at no cost and expense to the Company.

Appears in 1 contract

Samples: Management Services Agreement (Compass Group Diversified Holdings LLC)

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