Common use of Resignations and Removals of Directors Clause in Contracts

Resignations and Removals of Directors. Any Director may resign from the Board of Directors or any committee thereof at any time, by giving notice in writing or by electronic transmission to the Chairman of the Board of Directors, if there be one, the President or the Secretary of the Company and, in the case of a committee, to the chairman of such committee, if there be one. Such resignation shall take effect at the time therein specified or, if no time is specified, immediately; and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by applicable Law and subject to the rights of any Share Designation and any rights granted pursuant to the Voting and Standstill Agreement, any Director or the entire Board of Directors may be removed from office at any time, but only for cause, and only by the affirmative vote of the holders of a Share Majority. Any Director serving on a committee of the Board of Directors may be removed from such committee at any time by the Board of Directors.

Resignations and Removals of Directors. Any Director may resign from the Board of Directors or any committee thereof at any time, by giving notice in writing or by electronic transmission to the Chairman of the Board of DirectorsChairman, if there be one, the President President, or the Secretary of the Company and, in the case of a committee, to the chairman of such committee, if there be one. Such resignation shall take effect at the time therein specified or, if no time is specified, immediately; and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by applicable Law and subject to the rights of any Share Designation and any rights granted pursuant to the Voting and Standstill Agreementlaw, any Director or the entire Board of Directors may be removed from office at any time, but only for with or without cause, and only by the affirmative vote of the holders of Members holding a Share MajorityMajority Interest. Any Director serving on a committee of the Board of Directors may be removed from such committee at any time by the Board of DirectorsBoard.

Resignations and Removals of Directors. Any Director director of the Corporation may resign from the Board of Directors or any committee thereof at any time, by giving written notice in writing or by electronic transmission to the Chairman of the Board of Directors, if there be one, the President or the Secretary of the Company and, in the case of a committee, to the chairman of such committee, if there be oneCorporation. Such resignation shall take effect at the time therein specified or, if no time is specified, immediately; and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by applicable Law law and subject to the rights rights, if any, of any Share Designation and any rights granted pursuant to the Voting and Standstill Agreementholders of shares of preferred stock then outstanding, any Director director or the entire Board of Directors may be removed from office at any time, but only for cause, and only by the affirmative vote of the holders of at least a Share Majority. Any Director serving on a committee majority in voting power of the Board issued and outstanding capital stock of Directors may be removed from such committee at any time by the Board Corporation entitled to vote in the election of Directorsdirectors.