Common use of Term, Removal and Vacancies Clause in Contracts

Term, Removal and Vacancies. Each officer of the Company shall hold office until his successor is chosen and qualified or until his death, resignation, or removal. Any officer may resign at any time upon giving written notice to the Company. Any officer may be removed by the Board of Managers, with or without cause, but such removal shall be without prejudice to the contract or other legal rights, if any, of the person so removed. Election or appointment of an officer shall not of itself create contract rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise shall be filled by the Board of Managers.

Appears in 2 contracts

Samples: Operating Agreement (Comstock Resources Inc), Operating Agreement (Bois D Arc Energy LLC)

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Term, Removal and Vacancies. Each officer of the Company Corporation shall hold office until his such officer’s successor is chosen elected and qualified or until his such officer’s earlier death, resignation, or removal. Any The Board may remove any officer may resign at any time upon giving written notice to the Company. Any officer may be removed by the Board of Managers, with or without cause, but such removal shall be without prejudice to the contract or other legal rights, if any, of the person so removed. Election or appointment of an officer The Board shall not of itself create contract rights. Any fill any vacancy occurring in any office of the Company by death, resignation, removal or otherwise shall be filled by the Board of Managersoffice.

Appears in 2 contracts

Samples: Merger Agreement (Devon Energy Corp/De), Merger Agreement (WPX Energy, Inc.)

Term, Removal and Vacancies. Each officer The officers of the Company shall Corporation will hold office until his successor is their resignation or their successors are chosen and qualified or until his death, resignation, or removalqualify. Any officer officer, agent or member of any committee elected or appointed by the board of directors may resign be removed at any time upon giving written notice to the Company. Any officer may be removed by the Board board of Managersdirectors; provided, with or without cause, but that such removal shall be without prejudice to the contract or other legal rights, if any, of the person so removedremoved party. Election or appointment of an officer shall not of itself create contract rights. Any If any such office becomes vacant for any reason, the vacancy occurring in any office of the Company by death, resignation, removal or otherwise shall will be filled by the Board board of Managersdirectors.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Blue Dolphin Energy Co), Agreement and Plan of Merger (American Resources Offshore Inc)

Term, Removal and Vacancies. Each officer of shall be chosen by the Company Board and shall hold office for such term as may be prescribed by the Board and until his such person’s successor is shall have been duly chosen and qualified qualified, or until his such person’s earlier death, resignationdisqualification, resignation or removal. Any officer elected or appointed by the Board may resign be removed at any time upon giving written notice to the Company. Any officer may be removed by the Board affirmative vote of Managers, with or without cause, but such removal shall be without prejudice to the contract or other legal rights, if any, a majority of the person so removed. Election or appointment of an officer shall not of itself create contract rightsBoard. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise Corporation shall be filled by the Board of ManagersBoard.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Gamco Investors, Inc. Et Al)

Term, Removal and Vacancies. Each officer of the Company Corporation shall hold office until his resignation or his successor is chosen and qualified or until his death, resignation, or removal. Any officer may resign at any time upon giving written notice to the Companyqualified. Any officer may be removed at any time by the Board of Managers, Directors with or without cause. If any such office becomes vacant for any reason, but such removal shall be without prejudice to the contract or other legal rights, if any, of the person so removed. Election or appointment of an officer shall not of itself create contract rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise shall will be filled by the Board of ManagersDirectors.

Appears in 1 contract

Samples: Merger Agreement (Robbins & Myers Inc)

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Term, Removal and Vacancies. Each officer The officers of the Company corporation shall hold office until his successor is their successors are chosen and qualified or until his death, resignation, or removalqualify. Any officer or agent of the corporation may resign be removed at any time upon giving written notice to by the Company. Any officer may be removed by affirmative vote of a majority of the Board of ManagersDirectors, with or without cause, but such removal shall be without prejudice to by the contract or other legal rights, if any, of the person so removed. Election or appointment of an officer shall not of itself create contract rightsPresident. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise shall corporation may be filled by the Board of ManagersDirectors or otherwise as provided in this Article.

Appears in 1 contract

Samples: Merger Agreement (Powerhouse Technologies Inc /De)

Term, Removal and Vacancies. Each officer The officers of the Company Corporation shall hold office until his successor is their successors are chosen and qualified or until his death, resignation, or removalqualify. Any officer may resign at any time upon giving written notice to the Company. Any officer may be removed elected or appointed by the Board of Managers, with or without cause, but such removal shall Directors may be without prejudice to removed at any time by the contract or other legal rights, if any, affirmative vote of a majority of the person so removed. Election or appointment Board of an officer shall not of itself create contract rightsDirectors. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise Corporation shall be filled by the Board of ManagersDirectors.

Appears in 1 contract

Samples: Merger Agreement (Gamco Investors, Inc. Et Al)

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