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

Term of Office; Resignation; Removal; Vacancies. Each officer shall hold office until his or her successor is appointed by the Manager or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to 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. Any officer may be removed by the Manager, with or without cause. Any such removal shall be without prejudice to the contractual rights of such officer, if any, with the Company, but the appointment of an officer shall not of itself create contractual rights. A vacancy created by the resignation, death or removal of any officer shall be filled by the Manager.

Term of Office; Resignation; Removal; Vacancies. Each officer shall hold office until his or her successor is appointed by the Manager or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to 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. Any officer may be removed by the Manager, with or without cause. ; Any such removal shall be without prejudice to the contractual rights of such officer, if any, with the Company, but the appointment of an officer shall not of itself create contractual rights. A vacancy created by the resignation, death or removal of any officer shall be filled by the Manager.

Term of Office; Resignation; Removal; Vacancies. Each officer shall hold office until his or her successor is appointed by the Manager or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to 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. Any officer may be removed by the Manager, with or without cause. Any such removal shall be without prejudice to the contractual rights of such officer, if any, with the Company, but the appointment of an officer shall not of itself create contractual rightsfights. A vacancy created by the resignation, death or removal of any officer shall be filled by the Manager.

Term of Office; Resignation; Removal; Vacancies. Each officer shall hold office until his or her successor is appointed by the Manager Board of Managers or until his or her earlier resignation or removal. Any officer may resign at any time upon written notice to 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. Any officer may be removed at any time by the ManagerBoard of Managers, with or without cause. Any such removal shall be without prejudice to the contractual rights of such officer, if any, with the Company, but the appointment of an officer shall not of itself create contractual rights. A vacancy created by the resignation, death or removal of any officer shall be filled by the ManagerBoard of Managers.