Common use of Resignation of Directors Clause in Contracts

Resignation of Directors. A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

Appears in 115 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC)

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Resignation of Directors. A director Any Director of the Company may resign at any time by delivering giving written notice to the Board, its Chairman (as hereinafter defined)Member and the secretary of the Company, if any, and, if not, to the other remaining Directors. The resignation of any Director shall take effect upon receipt of that notice or at such later time as shall be specified in the Company. A notice; and, unless otherwise specified in the notice, the acceptance of the resignation shall not be effective when necessary to make it effective. The resignation of a Director shall not constitute the notice is delivered unless withdrawal of the notice specifies a later effective dateMember.

Appears in 5 contracts

Samples: Operating Agreement (HFF, Inc.), Limited Liability Company Operating Agreement, Operating Agreement (Bats Global Markets, Inc.)

Resignation of Directors. A Any director may resign at any time by delivering giving written notice of such resignation to the BoardBoard (in care of the Corporation) and to the Chief Executive Officer, its Chairman (as hereinafter defined), if anythe Secretary or any other Executive. Any such resignation shall take effect on the date specified in such notice, or if no effective date is specified, upon receipt and acceptance thereof by the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective dateBoard or any such Officer.

Appears in 3 contracts

Samples: By Laws (Brown Robert G/), By Laws (Bartels Williams H), By Laws (Spar Group Inc)

Resignation of Directors. A director Director may resign at any time by delivering giving written notice to the Board, its Chairman (as hereinafter defined)Company. However, if any, or such resignation violates any provision of any contractual agreement between such Director and the Company, the Company may recover from such Director damages for such breach as provided or by contract or law. A resignation The election of a Director shall be effective when the notice is delivered unless the notice specifies a later effective datenot of itself create contract rights in favor of any such party.

Appears in 3 contracts

Samples: Operating Agreement (Tops Markets Ii Corp), Operating Agreement (Tops PT, LLC), Operating Agreement (Tops PT, LLC)

Resignation of Directors. A director Director may resign at any time by delivering giving written notice to the Board, its Chairman (as hereinafter defined)Company. However, if any, or such resignation violates any provision of any contractual agreement between such Director and the Company, the Company may recover from such Director damages for such breach as provided by contract or law. A resignation shall be effective when the notice is delivered unless the notice specifies The election of a later effective dateDirector will not of itself create contract rights in favor of any such party.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Erie Logistics LLC), Limited Liability Company Agreement (Erie Logistics LLC)

Resignation of Directors. A director may resign at any time his office by delivering giving written notice of his resignation to the Board, its Chairman (as hereinafter defined), if any, or Company and the Company. A resignation shall be effective when have effect from the date the notice is delivered unless received by the notice specifies a Company or from such later effective datedate as may be specified in the notice.

Appears in 2 contracts

Samples: Investment Agreement (Despegar.com, Corp.), Merger Agreement (AquaVenture Holdings LTD)

Resignation of Directors. A director may resign at any time by delivering giving written notice to the Boardboard of directors, its Chairman (as hereinafter defined), if anychairman, or to the Companypresident or secretary of the corporation. A resignation shall be is effective when the notice is delivered given unless the notice specifies a later future date. The pending vacancy may be filled before the effective date, but the successor shall not take office until the effective date.

Appears in 2 contracts

Samples: Merger Agreement (WPS Resources Corp), Merger Agreement (Peoples Energy Corp)

Resignation of Directors. A director Any director, other than the Company CEO prior to the date he ceases for any reason to be CEO or becomes Disabled, may resign at any time. Such resignation shall be made in writing, and shall take effect at the time specified therein, and, if no time be specified, at the time of its receipt by delivering written notice to the Chairman of the Board, its Chairman (as hereinafter defined), if any, the CEO or the CompanySecretary. A The acceptance of a resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Usa Networks Inc), Limited Liability Company Agreement (Tele Communications Inc /Co/)

Resignation of Directors. A director Any Director may resign at any time by delivering upon written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective dateCorporation.

Appears in 2 contracts

Samples: Merger Agreement (Ual Corp /De/), Merger Agreement (Continental Airlines Inc /De/)

Resignation of Directors. A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, President or to the CompanyCorporation. A Such resignation shall will be effective when the notice is delivered upon receipt, unless the notice specifies a later effective date. Once delivered, a notice of resignation is irrevocable unless revocation is permitted by the Board of Directors.

Appears in 2 contracts

Samples: Merger Agreement (MKS Instruments Inc), Merger Agreement (Electro Scientific Industries Inc)

Resignation of Directors. A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if anyChairman, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date. Any such resignation shall not be required to be accepted by the Company to be effective.

Appears in 2 contracts

Samples: Operating Agreement (ResCare Finance, Inc.), Operating Agreement (THM Homes Inc)

Resignation of Directors. A Any director may resign at any time by delivering upon written notice to the Board, its Chairman (as hereinafter defined), if any, or the CompanyCorporation. A The resignation shall be become effective when at the time specified in the notice is delivered and, unless otherwise provided in the notice specifies a later effective datenotice, acceptance of the resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Merger Agreement (United Technologies Corp /De/), Merger Agreement (Raytheon Co/)

Resignation of Directors. A director Any Director may resign at any time, provided that any Director who is designated by a Withdrawing Member must resign at the time by delivering written notice to the Board, its Chairman (such Withdrawing Member’s status as hereinafter defined), if any, or the Companya Member ceases. A Such resignation shall be effective when made in writing, and shall take effect at the notice time specified therein, and, if no time is delivered unless specified, at the notice specifies time of its receipt by the Company CEO or another designated Officer. The acceptance of a later effective dateresignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Red Hat Inc), Limited Liability Company Agreement (Red Hat Inc)

Resignation of Directors. A Any director may resign from office at any time by delivering a written notice resignation to the Boardsecretary of the corporation, its Chairman (as hereinafter defined), if any, or the Company. A and such resignation shall be effective when upon delivery of such resignation to the notice is delivered unless the notice specifies a later effective datesecretary.

Appears in 1 contract

Samples: Merger Agreement (Promedco Management Co)

Resignation of Directors. A Any director may resign at any time by delivering upon giving written notice of such resignation to the Board of Directors, the Chairman of the Board, its Chairman (as hereinafter defined), if any, the Vice Chairman, if any, the President, any Vice President or the CompanySecretary. A Unless otherwise specified in such notice, such resignation shall take effect upon receipt thereof by the Board of Directors or any such officer, and acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Merger Agreement (Icahn Enterprises Holdings L.P.)

Resignation of Directors. A director Any Director may resign at any time by delivering his or her written notice resignation to the BoardParty which appointed him or her and to the Chairman or, its Chairman (as hereinafter defined)in the case of the resignation of the Chairman, if any, or to the CompanyVice Chairman. A Such resignation shall specify whether it will be effective when at a particular time, upon receipt by the notice relevant Party which appointed such Director or at the decision of the Board. If no such specification is delivered unless made it shall be deemed effective at the notice specifies a later effective datedecision of the relevant Party which appointed such Director.

Appears in 1 contract

Samples: Shareholder Agreement (Infocus Corp)

Resignation of Directors. A director Any Director may resign at any time by delivering effective ------------------------ upon written notice to the Chairman of the Board, its Chairman (as hereinafter defined)any Vice Chairman, if anythe President, the Secretary, or the Company. A resignation shall be effective when the notice is delivered Board of Directors, unless the notice specifies a later time for the effectiveness of the resignation. If a resignation is effective dateat a future time, a successor may be elected to take office when the resignation becomes effective.

Appears in 1 contract

Samples: Receivables Sale Agreement (Unisource Worldwide Inc)

Resignation of Directors. A Any director may resign from his office at any time by delivering his written notice resignation to the BoardSecretary, its Chairman (as hereinafter defined), if any, or the Company. A and such resignation shall be effective when immediately upon delivery to the notice is delivered unless the notice specifies a later effective dateSecretary.

Appears in 1 contract

Samples: Securities Purchase Agreement (Warburg Pincus Ventures Lp)

Resignation of Directors. A director Any Director may resign at any time by delivering upon written notice to the Board, its Chairman (as hereinafter defined), if any, or the CompanyCorporation. A The resignation shall be effective when upon receipt thereof by the Corporation or at such subsequent time as shall be specified in the notice is delivered unless the notice specifies of resignation. The acceptance of a later effective dateresignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Membership Agreement

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Resignation of Directors. A director may resign at any time by delivering written notice to the BoardBoard of Directors, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BHC Meadows Partner Inc)

Resignation of Directors. A director may resign at any time by delivering giving written notice to the Boardboard of directors, its Chairman (as hereinafter defined)chairman, if any, or to the Companypresident or secretary of the corporation. A resignation shall be effective when the notice is delivered given unless the notice specifies a later future date. The pending vacancy may be filled before the effective date, but the successor shall not take office until the effective date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eagle Test Systems, Inc.)

Resignation of Directors. A director Any Director may resign at any time by delivering his/her written notice resignation to the BoardParty that appointed him/her. Such resignation shall specify whether it will be effective at a particular time, its Chairman (as hereinafter defined), if anyupon receipt by the relevant Party that appointed such Director, or at the Companydecision of the relevant Party that appointed such Director. A resignation If no such specification is made, it shall be deemed effective when at the notice is delivered unless decision of the notice specifies a later effective daterelevant Party that appointed such Director.

Appears in 1 contract

Samples: Joint Venture Operating Agreement (RMG Acquisition Corp.)

Resignation of Directors. A director Director may resign at any time resign the office by delivering written notice giving to the Board, its Chairman (as hereinafter defined)Company notice in writing or, if any, or the Company. A resignation shall be effective when permitted pursuant to the notice is provisions, in an Electronic Record delivered unless the notice specifies a later effective datein either case in accordance with those provisions.

Appears in 1 contract

Samples: Merger Agreement (Metals Acquisition LTD)

Resignation of Directors. A Any director of the Corporation may resign at any time by delivering giving written notice to the Board, its Chairman (as hereinafter defined)stockholder of the Corporation or to the Board of Directors of the Corporation. Such resignation shall take effect at the time specified therein or, if anysuch time is not specified therein, or then upon receipt thereof; and unless otherwise specified therein, the Company. A acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Merger Agreement (Sothebys)

Resignation of Directors. A director may resign at any time from the office of director by delivering written giving notice of resignation to the Board, Company at its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective dateregistered office.

Appears in 1 contract

Samples: Business Combination Agreement (Decarbonization Plus Acquisition Corp II)

Resignation of Directors. A Any director may resign at any time by delivering giving written notice of such resignation to the Board, its Chairman (as hereinafter defined)Board or an Executive Officer. Any such resignation shall take effect at the time specified therein or, if anyno time be specified, upon receipt thereof by the Board or an Executive Officer; and unless specified therein, the Company. A acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Annual Report

Resignation of Directors. A director Any Director may resign at any time his office by delivering written submitting a signed notice of resignation, delivered or mailed to the Board, its Chairman (as hereinafter defined), if any, or principal office of the Company. A Such notice of resignation shall be indicate the effective when date of the resignation. If it does not indicate an effective date, the resignation shall take effect upon receipt of the notice is delivered unless at the notice specifies a later effective dateprincipal office of the Company.

Appears in 1 contract

Samples: Transmission Facilities Agreement

Resignation of Directors. A Any director may resign at any time by delivering giving written notice of such resignation to the BoardBoard of Directors. Unless otherwise specified in such notice, its Chairman (as hereinafter defined), if any, or the Company. A such resignation shall take effect upon receipt thereof by the Board of Directors or any such officer, and the acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Merger Agreement (Ebro Puleva Partners G.P.)

Resignation of Directors. A Any director of the Corporation may resign at any time by delivering giving written notice to the BoardChairman of the Board or to the Secretary of the Corporation. The resignation of any director shall take effect at the time specified therein; and, its Chairman (as hereinafter defined)unless otherwise specified therein, if any, or the Company. A acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Nexgen Vision Inc)

Resignation of Directors. A director Any Director may resign at any time by delivering giving written notice to the BoardBoard of Directors. The resignation of any Director shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice, its Chairman (as hereinafter defined)and unless otherwise specified therein, if any, or the Company. A acceptance of such resignation shall not be effective when the notice is delivered unless the notice specifies a later effective datenecessary to make it effective.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Reliance Real Estate Trust, LLC)

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