Common use of Resignation of a Manager Clause in Contracts

Resignation of a Manager. Any Manager may resign effective upon giving written notice to the Chairman of the Board of Managers, the President, the Board of Managers of the Company, the Member, or as otherwise allowed under the Act, unless the notice specifies a later time for the effectiveness of such resignation. If the resignation is effective at a future time, a successor may be elected to take office when the resignation becomes effective.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (RedCo Group, Inc.), Limited Liability Company Operating Agreement (Molina Healthcare Inc)

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Resignation of a Manager. Any A Manager may resign effective upon at any time by giving written notice to the Chairman Members. The resignation of a Manager shall take effect at such date as specified in such notice. The acceptance of the Board resignation of Managers, the President, the Board of Managers of the Company, the Member, or as otherwise allowed under the Act, unless the notice specifies a later time for the effectiveness of Manager shall not be necessary to make such resignation. If the resignation is effective at a future time, a successor may be elected to take office when the resignation becomes effective.

Appears in 2 contracts

Samples: Operating Agreement (Diversified Health & Fitness Inc), Operating Agreement (Diversified Health & Fitness Inc)

Resignation of a Manager. Any Manager of the Company may resign effective upon at any time by giving written notice to the Chairman Board Chair. The resignation of the Board any Manager shall take effect upon receipt of Managers, the President, the Board of Managers of the Company, the Member, notice thereof or as otherwise allowed under the Act, unless the notice specifies a at such later time for as shall be specified in such notice. The resignation of a Manager who is also a Member shall not affect the effectiveness Manager’s rights as a Member and shall not constitute a withdrawal of such resignation. If the resignation is effective at a future time, a successor may be elected to take office when the resignation becomes effectiveMember.

Appears in 1 contract

Samples: Operating Agreement

Resignation of a Manager. Any A Manager may resign at any time by delivering his written resignation to the Company. Any such resignation shall be effective upon giving written notice receipt thereof unless it is specified to the Chairman of the Board of Managers, the President, the Board of Managers of the Company, the Member, or as otherwise allowed under the Act, unless the notice specifies a later time for the effectiveness of such resignation. If the resignation is be effective at a future time, a successor may be elected to take office when some other time or upon the resignation becomes effectiveoccurrence of some other event.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BOSTON OMAHA Corp)

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Resignation of a Manager. Any A Manager of the Company may resign effective upon at any time by giving written notice Notice to the Chairman other Managers and the Members. The resignation of a Manager shall take effect upon receipt of such Notice or at such later date as specified in such Notice. The acceptance of the Board resignation of Managers, a Manager shall not be necessary to make such resignation effective. The resignation of a Manager who is also a Member shall not affect the President, the Board of Managers Manager's rights as a Member and shall not constitute a withdrawal of the Company, the Member, or as otherwise allowed under the Act, unless the notice specifies a later time for the effectiveness of such resignation. If the resignation is effective at a future time, a successor may be elected to take office when the resignation becomes effective.

Appears in 1 contract

Samples: Operating Agreement (Casino America Inc)

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