Common use of Resignation, Removal and Vacancies Clause in Contracts

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice to the President or the Secretary of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Marathon Oil Corp), Limited Liability Company Agreement (Ashland Inc), Limited Liability Company Agreement (Marathon Oil Corp)

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Resignation, Removal and Vacancies. (a) Any officer director may resign at any time by giving written notice to the Board, the Chairman, the President or the Secretary of the Company, and such Secretary. Such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall be not be specified, upon receipt thereof; unless otherwise specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 4 contracts

Samples: Joint Development and Operating Agreement (Cytogen Corp), CFP Holdings Inc, Young America Holdings Inc

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice to the President or the Secretary Board of the CompanyManagers, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Operating Agreement (Bluefly Inc), Operating Agreement (Careinsite Inc)

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice to the Chairperson, the President or the Secretary of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Siebert Financial Corp)

Resignation, Removal and Vacancies. (a) Any officer Officer may resign at any time by giving written notice to the President or the Secretary of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Teppco Partners Lp)

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice to the Chairperson, the President or the Secretary of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of ManagersMembers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Siebert Financial Corp)

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice of his resignation to the President or the Secretary of the Company, Manager and such resignation shall take effect become effective at the time specified therein ortherein. Any officer may be removed with or without cause by the Principals acting jointly. Notwithstanding this provision, if resignation or removal in the time when it shall become effective shall not case of Xxxxxx will be specified therein, when accepted governed by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effectiveXxxxxx Employment Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clark Inc)

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Resignation, Removal and Vacancies. (a) Any officer Manager may resign at any time by giving written notice of his or her resignation to the President or the Secretary of the Company, and . Any such resignation shall take effect at the time specified therein therein, or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Bluefly Inc)

Resignation, Removal and Vacancies. (a) Any officer ----------------------------------- may resign at any time by giving written notice to the President or the Secretary of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Usx Corp

Resignation, Removal and Vacancies. (a) Any officer may resign at any time by giving written notice of his resignation to the President Board or the Secretary of the Company, and President. Any such resignation shall take effect at the time specified therein oror when delivered to the Board, if the time when it shall become effective shall not be specified therein, when accepted by action of as the Board of Managersshall determine. Except as aforesaid, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Transaction Information Systems Inc)

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