Common use of Term of Office; Resignation; Removal; Vacancies Clause in Contracts

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officer, each Officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer may resign at any time upon written notice to the Board or to the President or the Secretary of the Company. Such resignation shall take effect at the time specified therein, and, unless otherwise specified therein, no acceptance of such resignation shall be necessary to make it effective. The Board may remove any Officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officer, if any, with the Company, but the election of an Officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board at any regular or special meeting.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (UBS Preferred Funding Trust VIII), Limited Liability Company Agreement (Ubs Preferred Funding Trust Iv), Limited Liability Company Agreement (Ubs Preferred Funding Co LLC I)

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Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officer, each Officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer may resign at any time upon written notice to the Board of Directors or to the President or the Secretary of the Company. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board of Directors may remove any Officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officer, if any, with the Company, but the election of an Officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board of Directors at any regular or special meeting.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Deutsche Bank Contingent Capital LLC V), Limited Liability Company Agreement (Deutsche Bank Aktiengesellschaft), Limited Liability Company Agreement (Deutsche Bank Capital Funding Trust XII)

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officerofficer, each Officer officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer officer may resign at any time upon written notice to the Board or to the President or the Secretary of the CompanyCorporation. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board may remove any Officer officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officerofficer, if any, with the CompanyCorporation, but the election of an Officer officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company Corporation by death, resignation, removal or otherwise may be filled by the Board at any regular or special meeting.

Appears in 7 contracts

Samples: Merger Agreement, Merger Agreement (Conceptus Inc), Merger Agreement (Reckitt Benckiser Group PLC)

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officerofficer, each Officer officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer officer may resign at any time upon written notice to the Board of Directors or to the President or the Secretary of the CompanyCorporation. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board of Directors may remove any Officer officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officerofficer, if any, with the CompanyCorporation, but the election of an Officer officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company Corporation by death, resignation, removal or otherwise may be filled by the Board of Directors at any regular or special meeting.

Appears in 4 contracts

Samples: Merger Agreement (Spectranetics Corp), Merger Agreement (Harris Corp /De/), Merger Agreement (Stratex Networks Inc)

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officer, each Officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer may resign at any time upon written notice to the Board or to the President or the Secretary of the Company. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board may remove any Officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officer, if any, with the Company, but the election of an Officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board at any regular or special meeting.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Abn Amro Bank Nv), Limited Liability Company Agreement (Abn Amro Bank Nv), Limited Liability Company Agreement (Teco Energy Inc)

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Term of Office; Resignation; Removal; Vacancies. Unless Except as otherwise provided in the resolution of the Board of Directors electing any Officerofficer, each Officer such officer shall hold office until his or her the first meeting of the Board of Directors after the annual meeting of stockholders next succeeding the officer’s election, and until the officer’s successor is elected and qualified or until his or her the officer’s earlier resignation or removal. Any Officer officer may resign at any time upon written notice to the Board or to the President or the Secretary of the Company. Such resignation shall take effect at the time specified therein, and, unless otherwise specified therein, no acceptance of such resignation shall be necessary to make it effectiveCorporation. The Board of Directors may remove any Officer officer with or without cause at any time. Any , but such removal shall be without prejudice to the contractual rights of such Officerofficer, if any, with the Company, but the election of an Officer shall not of itself create contractual rightsCorporation. Any vacancy occurring in any office of the Company Corporation by death, resignation, removal or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting.

Appears in 2 contracts

Samples: Merger Agreement (Team America Inc), Merger Agreement (Vsource Inc)

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officer, each Officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer may resign at any time upon written notice to the Board or to the President or the Secretary of the CompanyLLC. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board may remove any Officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officer, if any, with the CompanyLLC, but the election of an Officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company LLC by death, resignation, removal or otherwise may be filled by the Board at any regular or special meeting.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Teco Energy Inc)

Term of Office; Resignation; Removal; Vacancies. Unless otherwise provided in the resolution of the Board of Directors electing any Officerofficer, each Officer officer shall hold office until his or her successor is elected and qualified or until his or her earlier resignation or removal. Any Officer officer may resign at any time upon written notice to the Board or to the Chairman or Chief Executive Officer, if any, or to the President or the Secretary of the CompanyCorporation. Such resignation shall take effect at the time specified therein, and, and unless otherwise specified therein, therein no acceptance of such resignation shall be necessary to make it effective. The Board may remove any Officer officer with or without cause at any time. Any such removal shall be without prejudice to the contractual rights of such Officerofficer, if any, with the CompanyCorporation, but the election of an Officer officer shall not of itself create contractual rights. Any vacancy occurring in any office of the Company Corporation by death, resignation, removal or otherwise may be filled by the Board at any regular or special meeting.

Appears in 1 contract

Samples: Restructuring Agreement (Personnel Group of America Inc)

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