Common use of Resignation or Withdrawal of Manager Clause in Contracts

Resignation or Withdrawal of Manager. The Manager may resign upon giving written notice to the Company at least thirty (30) days in advance. The Manager shall be deemed to resign upon any disposition of the membership interest of the Manager, if Manager is a Member. Upon the resignation or withdrawal of the Manager, a new Manager shall be elected by a majority in interest of the Members.

Appears in 3 contracts

Samples: Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc)

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Resignation or Withdrawal of Manager. The Manager may resign upon giving written notice to the Company at least thirty (30) days in advance. The Manager shall be deemed to resign upon any disposition of the membership interest of the Manager, if Manager is a Member. Upon the resignation or withdrawal of the Manager, a new Manager shall may be elected by a majority in interest an unanimous vote of the Members.

Appears in 2 contracts

Samples: Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc)

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