Resignations and Removal. Any Officer may resign at any time by giving written notice to the President or to all of the Managers, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Officer may be removed at any time by the Managers with or without cause.
Resignations and Removal. Any member of the Executive Committee may be removed at any time with or without cause by resolution adopted by a majority of the full Board of Directors. Any member of the Executive Committee may resign from the Executive Committee at any time by giving written notice to the President or Secretary of the corporation, and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.
Resignations and Removal. Any Director of the Company may resign at any time by giving written notice to the Board or to the Secretary of the Company. Any such resignation shall take effect immediately upon its receipt; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Any Director of the Company may be removed from office at any time upon the affirmative vote of the Members holding of a majority of the capital interests in the Company.
Resignations and Removal. (a) Any director may resign at any time upon notice given in writing or by electronic transmission to the Board of Directors, the Chairperson of the Board or the Secretary. Such resignation shall take effect upon delivery, unless the resignation specifies a later effective date or time or an effective date or time determined upon the happening of an event or events. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.
(b) Directors of the Corporation may only be removed from office in the manner provided in and to the extent permitted in the Certificate of Incorporation and subject to the Stockholders Agreement.
Resignations and Removal. Any member of the Board may resign from the Board at any time by giving written notice to the Chairman or, if the resigning member is the Chairman, to the Executive Director. Such resignation shall take effect at the time specified therein and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. The Chairman (or if the resigning member is the Chairman, then the Executive Director) shall provide the remaining members of the Board with immediate notification of the resignation. Any member of Board may be removed from such position at any time, but only for good cause, by the vote of three-fourths (3/4) of the other members of the Board then in office. The Attorney General may petition the Circuit Court of Xxxx County for the removal of any member of the Board and, upon a showing of good cause, shall be entitled to an order removing that Director. Good cause, as used in this sub-section, shall include without limitation any breach of fiduciary duty, dereliction of duty, or conviction of any felony whatsoever.
Resignations and Removal. Any Managing Member or officer may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. The Managing Member's right to participate in the management of the Company shall automatically terminated upon the earliest of:
A. The death, retirement, resignation, expulsion, bankruptcy or dissolution of the Managing Member; or
B. The conviction, written admission, plea of nolo contend ere or court determination that the Managing Member (or, if Managing Member is an organization, its representative) has been reckless, grossly negligent, embezzled Company funds or committed one or more wanton and willful, fraudulent or felonious acts with respect to the Company's affairs.
Resignations and Removal. Any Manager or officer may resign at any time by giving written notice to all of the Members, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. The Manager and any officer elected by the Members may be removed at any time by the unanimous vote of the Members, with or without cause. In addition, the Stuhmer Member may remove the Manager at any time, with or without cxxxx, xn which event the Stuhmer Member shall have the right to appoint another Manager for txx Xxxxany provided that J. Christopher Stuhmer is the newly-appointed Manager, or provided that X. Xxxxxxxxxxx Xxxhmer is and remains the Chief Executive Officer of thx xxxxx xxxxxxxxx Xanager. In the event that the Stuhmer Member removes the Manager as set forth herein, and does not xxxxxxt another Manager for the Company, then the Brentwood Member shall have the right to appoint another Manager for the Company. Any officer appointed by the Manager may be removed at any time by the Manager or with the Members' unanimous consent, with or without cause.
Resignations and Removal. A Fiduciary of this LLC may resign at any time by delivering thirty (30) days written notice to that effect to the Lenders and the Administrator. Except as to Larrx X. Xxxxxx xxx Alicxx X. Xxxxxx, xxe Active Business Advisory Group may at any time remove the Administrator(s) and/or the Financial Advisor (subject to Section 6.4(C)) without cause by an instrument in writing delivered to each Administrator, the Lenders and the Financial Advisor. A successor Fiduciary shall be appointed by the Active Business Advisory Group (subject to the other provisions herein). If no Successor Fiduciary has been appointed by the tenth day prior to the effective date of the Fiduciary's resignation, the Financial Advisor shall have the right to appoint a successor Fiduciary (subject to the other provisions herein).
Resignations and Removal. (a) Any director may resign at any time by giving written notice in writing or by electronic transmission to the Board of Directors or the Secretary; provided, however, that if such notice is given by electronic transmission, such electronic transmission must either set forth or be submitted with information from which it can be determined that the electronic transmission was authorized by the director. Such resignation shall take effect at the date of receipt of such notice or at any later time specified therein. Acceptance of such resignation shall not be necessary to make it effective.
(b) Except as otherwise may be provided in the Certificate of Incorporation, any director or the entire Board of Directors may be removed with or without cause, by the holders of capital stock having a majority in voting power of the shares entitled to vote in the election of directors.
Resignations and Removal. Each Manager shall hold office at the pleasure of the Member appointing such Manager. The resignation of any Manager shall be in writing and shall be effective immediately upon acknowledgment of receipt by a Member. Any Manager may be removed, with or without cause, as follows (i) at any time, by the Member that appointed such Manager; (ii) in the case of the President, by a Majority Vote of the Board; or (iii) by the request of the Member that appointed such Manager, if such request is made, in preparation of the admission of a newly admitted Member, and the appointment of Managers by such newly admitted Member as set forth in Section 4.2.1.
