Common use of Right to Remove Certain of the Company's Directors Clause in Contracts

Right to Remove Certain of the Company's Directors. Each of BRS -------------------------------------------------- and the Founding Investors, as the case may be, may request that any director designated by it be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor and Permitted Transferee shall promptly consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by them or it for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors or the Company.

Appears in 2 contracts

Samples: Securities Holders Agreement (California Pizza Kitchen Inc), Securities Holders Agreement (California Pizza Kitchen Inc)

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Right to Remove Certain of the Company's Directors. Each So long as the Company has not consummated a Public Offering (as defined in Section 6.1(c)), each of BRS -------------------------------------------------- CVC and the Founding Continuing Investors, as the case may be, may request that any director designated by it be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor and Permitted Transferee shall promptly consent in writing or vote or cause to be voted all shares of Class A Common Stock and Preferred Stock now or hereafter owned or controlled by them or it for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors or of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Integrated Energy Technologies Inc)

Right to Remove Certain of the Company's Directors. Each of BRS -------------------------------------------------- and the Founding Investors, as the case may be, Strategic Partner may request that any director Director designated by it be removed (with or without cause) by written notice to the other InvestorsInvestors and Permitted Transferee holding shares of Common Stock, and, in any such event, each such Investor and Permitted Transferee shall promptly consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by them or it for the removal of such person as a directorDirector. In the event any person ceases to be a directorDirector, such person shall also cease to be a member of any committee of the Board of Directors or the CompanyDirectors.

Appears in 1 contract

Samples: Securities Holders Agreement (Internet Capital Group Inc)

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Right to Remove Certain of the Company's Directors. Each So long as the Company has not consummated a Public Offering (as defined in Section 6.1(e)), each of BRS -------------------------------------------------- the Fund and the Founding InvestorsRoj, as the case may be, may request that any director designated by it or him be removed (with or without cause) by written notice to the other Investors, and, in any such event, each Investor and Permitted Transferee shall promptly consent in writing or vote or cause to be voted all shares of Class A Common Stock now or hereafter owned or controlled by them it, him or it her for the removal of such person as a director. In the event any person ceases to be a director, such person shall also cease to be a member of any committee of the Board of Directors or of the Company.

Appears in 1 contract

Samples: Securities Exchange, Purchase and Holders Agreement (Erico Products Inc)

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