Term of Office; Removal. All officers shall be elected by the Board of Directors and shall hold office for such term as may be prescribed by the Board. Any officer elected or appointed by the Board may be removed with or without cause at any time by the Board.
Appears in 2 contracts
Samples: Carolina National Corp, Carolina National Corp
Term of Office; Removal. All officers Unless otherwise provided in the resolution of election or appointment, each officer shall be elected by hold office until the Board of Directors shall effect a change and shall hold office until his successor has been elected and qualified. The Board of Directors may remove any officer for such term as may be prescribed by the Board. Any officer elected or appointed by the Board may be removed with cause or without cause at any time by the Boardcause.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cablevision Systems Corp /Ny)
Term of Office; Removal. All officers shall be elected by the Board of Directors and Each officer shall hold office for such term as may be prescribed by the Board. Any officer elected or appointed by the Board and may be removed with or without cause at any time by the Board.Board with or without cause. The removal of an officer without cause shall be without prejudice to his contract rights, if any. The election or appointment of an officer shall not of itself create contract rights. Section 4.8
Appears in 1 contract