Common use of Term of Manager Clause in Contracts

Term of Manager. The Sole Member shall have the complete authority to determine the term and identity of the Manager. Without limiting the scope of the above provision, the Sole Member shall be entitled to appoint a Manager who holds no membership interest in the Company, and to remove or replace any Manager at any time and for any reason. A Manager’s term shall continue until the removal or replacement of the Manager by the Sole Member, or until (as applicable for the then current Manager) the Manager’s resignation, retirement, death, disability, dissolution or termination by operation of law.

Appears in 4 contracts

Samples: Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp)

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