Common use of Resignations and Removals Clause in Contracts

Resignations and Removals. Any officer may resign at any time by written instrument signed by him and delivered to the Chairman of the Board, the President or the Secretary (other than to himself or herself) or to a meeting of the Board of Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. The Trustees may remove any officer elected by them with or without cause, provided that the Chief Compliance Officer may be removed by action (and only with approval) of the Trustees including a majority of independent Trustees. Except to the extent expressly provided in a written agreement with the Trust or resolution of the Board of Trustees, no officer resigning or removed shall have any right to any compensation for any period following his or her resignation or removal, or any right to damages on account of such removal.

Appears in 11 contracts

Samples: Bylaws (Russell Investment Co), Bylaws (Russell Investment Funds), Bylaws (Russell Investment Co)

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Resignations and Removals. Any Trustee or officer may resign at any time by written instrument signed by him or her and delivered to the Chairman of the Board, the President or the Secretary (other than to himself or herself) or to a meeting of the Board of Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. The Trustees may remove any officer elected by them with or without cause, provided provided, however, that removal of the Chief Compliance Officer may be removed by action (and only with approval) will require approval of the Trustees Trustees, including a majority of independent the Independent Trustees. Except to the extent expressly provided in a written agreement with the Trust or resolution of the Board of TrusteesTrust, no Trustee or officer resigning or and no officer removed shall have any right to any compensation for any period following his or her resignation or removal, or any right to damages on account of such removal.

Appears in 8 contracts

Samples: By Laws (Institutional Investment Strategy Fund), By Laws (Predex), By Laws (Predex)

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Resignations and Removals. Any Trustee or officer may resign at any time by written instrument signed by him or her and delivered to the Chairman of the BoardChairman, the President President, the Chief Compliance Officer or the Secretary (other than to himself or herself) or to a meeting of the Board of Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. The Trustees may remove any officer elected by them with or without cause; provided however, provided that the Chief Compliance Officer may be removed from his or her responsibilities by action (and only with approval) termination of the Trustees including a majority of independent TrusteesBoard, subject to such other requirements as my arise under applicable law. Except to the extent expressly provided in a written agreement with the Trust or resolution of the Board of TrusteesTrust, no Trustee or officer resigning or and no officer removed shall have any right to any compensation for any period following his or her resignation or removal, or any right to damages on account of such removal.

Appears in 2 contracts

Samples: By Laws (Merrimac Funds), By Laws (Merrimac Series)

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