Common use of Resignation; Removal Clause in Contracts

Resignation; Removal. Any Officer (subject to any contract rights available to the LLC, if applicable) may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the Manager. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any Officer may be removed as such, either with or without cause, by the Manager in its discretion at any time; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual so removed. Designation of an Officer shall not of itself create contract rights. Any vacancy occurring in any office of the LLC may be filled by the Manager.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.)

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Resignation; Removal. Any Officer (subject to any contract rights available to the LLC, if applicable) may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the ManagerBoard. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any Officer may be removed as such, either with or without cause, by the Manager Board in its discretion at any time; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual so removed. Designation of an Officer shall not of itself create contract rights. Any vacancy occurring in any office of the LLC may be filled by the ManagerBoard.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Deep Down, Inc.), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.), Limited Liability Company Agreement (Prestige Brands International, Inc.)

Resignation; Removal. Any Officer (subject to any contract rights available to the LLC, if applicable) officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the ManagerManagers. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any Officer officer may be removed as such, either with or without cause, by the Manager Managers whenever in its discretion at any timetheir judgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual Person so removed. Designation of an Officer officer shall not of itself create contract rights. Any vacancy occurring in any office of the LLC Company (other than Manager) may be filled by the ManagerManagers.

Appears in 1 contract

Samples: Company Agreement (Ruby Tuesday of Bryant, Inc.)

Resignation; Removal. Any Officer (subject to any contract rights available to the LLC, if applicable) officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the Manager. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any Officer officer may be removed as such, either with or without cause, by the Manager whenever in its discretion at any timethe Manager’s judgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual Person so removed. Designation of an Officer officer shall not of itself create contract rights. Any vacancy occurring in any office of the LLC Company (other than Manager) may be filled by the Manager.

Appears in 1 contract

Samples: Company Agreement

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Resignation; Removal. Any Officer (subject to any contract rights available to the LLC, if applicable) officer may resign as such at any time. Such resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by the Manager. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any Officer officer may be removed as such, either with or without cause, by the Manager whenever in its discretion at any timejudgment the best interests of the Company will be served thereby; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual Person so removed. Designation of an Officer officer shall not of itself create contract rights. Any vacancy occurring in any office of the LLC Company (other than the Manager) may be filled by the Manager.

Appears in 1 contract

Samples: Company Agreement (Vernafund CF LLC)

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