Common use of Term of Office/Election Clause in Contracts

Term of Office/Election. The Member shall elect the officers of the LLC annually by a majority vote. Vacancies may be filled or new offices created and filled at any meeting of the Member. All officers shall hold office positions unless or until their death, removal from office, or resignation. Election or appointment of an officer or agent shall not, in and of itself, create a contract right.

Appears in 11 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Term of Office/Election. The Member Members shall elect the officers of the LLC annually by a majority vote. Vacancies may be filled or new offices created and filled at any meeting of the MemberMembers. All officers shall hold office positions unless or until their death, removal from office, or upon resignation. Election or appointment of an officer or agent shall not, in and of itself, create a contract right.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Term of Office/Election. The Member Members shall elect the officers of the LLC annually by a majority vote. Vacancies may be filled or new offices created and filled at any meeting of the MemberMembers. All officers shall hold their office positions unless or until their death, removal from of office, or resignation. Election or appointment of an officer or agent shall not, in and not of itself, itself create a contract right.

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Term of Office/Election. The Member shall elect the officers of the LLC annually by a majority vote. Vacancies may be filled or new offices created and filled at any meeting of the Member. All officers shall hold their office positions unless or until their death, removal from of office, or resignation. Election or appointment of an officer or agent shall not, in and not of itself, itself create a contract right.

Appears in 2 contracts

Samples: Operating Agreement, Limited Liability Company Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!