Common use of Resignation of a Director Clause in Contracts

Resignation of a Director. Any Director may resign effective on giving written notice to the Board and the other Members, unless the notice specifies a later time for the effectiveness of such resignation. A successor shall be appointed by the affected Member as provided for in this Agreement.

Appears in 2 contracts

Samples: Joint Powers Agreement, Joint Powers Agreement

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Resignation of a Director. Any Director may resign effective on upon giving written notice to the Chairman of the Board, the President, the Board and of Directors of the other Memberscorporation or as otherwise allowed under the Corporation Law, unless the notice specifies a later time for the effectiveness of such resignation. A If the resignation is effective at a future time, a successor shall may be appointed by elected to take office when the affected Member as provided for in this Agreementresignation becomes effective.

Appears in 1 contract

Samples: Shareholder Agreement

Resignation of a Director. Any Director may resign effective on giving written notice to the Board and the other Membersof Directors, unless the notice specifies a later time for the effectiveness of such resignation. A successor shall be appointed by the affected Member elected as provided for in this Agreement.

Appears in 1 contract

Samples: Joint Powers Agreement

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Resignation of a Director. Any In the event a Director may resign effective on giving should resign, a written notice of resignation must be submitted to Chair of the Board of Directors and the other Members, unless the notice specifies a later time for the effectiveness of such resignation. A successor shall be appointed by the affected Member as provided for in this AgreementExecutive Director.

Appears in 1 contract

Samples: Operating Agreement

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