Termination; Removal. Whenever the Company has paid noncumulative dividends in full for at least two consecutive semi-annual or four consecutive quarterly dividend periods following a Nonpayment on the Series AA Preferred Stock and on any dividend parity stock entitled to noncumulative dividends and has paid cumulative dividends in full on any dividend parity stock entitled to cumulative dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future dividend periods) (the time of such cessation, the “Preferred Stock Director Termination Date”). Upon a Preferred Stock Director Termination Date, the terms of office of the Preferred Stock Directors will immediately terminate, the persons then serving as Preferred Stock Directors shall immediately cease to be qualified to hold office as Preferred Stock Directors, the Preferred Stock Directors shall cease to be directors of the Company and the number of directors constituting the Board of Directors shall be automatically reduced, without any action by the Board of Directors or the stockholders of the Company, by the number of Preferred Stock Directors authorized immediately prior to such termination. Any Preferred Stock Director may be removed at any time without cause by the holders of a majority of the voting power of outstanding shares of the capital stock then entitled to vote in the election of Preferred Stock Directors, voting together as a single class (with such voting power measured based on the voting power to elect Preferred Stock Directors).
Termination; Removal. 14.1 All rights which Licensee may have hereunder shall cease upon the date of
(a) termination, (b) revocation, or (c) subsequent agreement, or (d) Licensee's removal of the Facility from the Encroachment. However, neither termination nor revocation of this Agreement shall affect any claims and liabilities which have arisen or accrued hereunder, and which at the time of termination or revocation have not been satisfied; neither party, however, waiving any third party defenses or actions.
14.2 Within thirty (30) days after revocation or termination, Licensee, at its sole risk and expense, shall (a) remove the Facilities from the rail corridor of Licensor, unless the parties hereto agree otherwise, (b) restore the rail corridor of Licensor in a manner satisfactory to Licensor, and (c) reimburse Licensor any loss, cost or expense of Licensor resulting from such removal.
Termination; Removal. Whenever full dividends have been paid regularly on the Series C Preferred Stock and any other class or series of preferred stock that ranks on parity with Series C Preferred Stock as to payment of dividends, if any, for at least four consecutive Dividend Periods, then the right of the holders of Series C Preferred Stock to elect such additional two directors will cease (subject to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future Dividend Periods) and the term of office of each Preferred Director so elected will immediately terminate and the number of directors constituting the Corporation’s board of directors will be automatically reduced accordingly. Any Preferred Director may be removed at any time without cause by the holders of record of a majority of the outstanding shares of Series C Preferred Stock (together with holders of any other class of the Corporation’s authorized preferred stock having equivalent voting rights, whether or not the holders of such preferred stock would be entitled to vote for the election of directors if such default in dividends did not exist) when they have the voting rights described in this Section 7(c).
Termination; Removal. Whenever the Company has declared and paid or declared and set aside for payment in full all Past Due Dividends, then the right of the Holders to elect the Preferred Stock Directors will cease (but subject always to the same provisions for the vesting of the special voting rights in the case of any similar non-payment of dividends in respect of future Dividend Periods). The terms of office of the Preferred Stock Directors will immediately terminate, and the number of directors constituting the Board of Directors will be reduced accordingly. Any Preferred Stock Director may be removed at any time without cause by the Holders of a majority of the outstanding shares of the Convertible Preferred Stock (together with holders of any other class of the Company’s authorized preferred stock having equivalent voting rights and entitled to vote thereon) when they have the voting rights described in this Section 13(b).
Termination; Removal. (1) The City Manager is an exempt, at-will employee serving at the pleasure of the City Council under the authority of Vallejo City Charter Section 400.
(2) The City Council may remove the City Manager at any time, with or without cause, by a majority vote of its members. Notice of termination shall be provided to the City Manager in writing. Termination as used in this section shall also include a request by the City Council that the City Manager resign, a reduction in salary or other financial benefits of the City Manager (including a general City Management salary reduction) of more than ten percent (10%) in current base salary and/or other financial benefits of the City Manager, except as occasioned by a reduction in the salary of other Exempt Managers, a material reduction in the powers and authority of the City Manager, or the elimination of the City Manager's position. Any such notice of termination or act constituting termination shall be given only by action of a majority of the City Council.
(3) Pursuant to the provisions of Vallejo City Charter Section 407(c), an affirmative vote of at least five (5) members of the City Council shall be required to terminate the City Manager within sixty (60) days after his initial appointment, or within sixty (60) days after any election at which members are elected to the City Council.
Termination; Removal. A. This Agreement terminates upon the earlier of the following: (1) The date on which the CAMPGROUND ends a CAMPER’s agreement under section 4; (2) If a CAMPER has not executed a Successor Seasonal Camping Agreement, the Deadline For Removal under section 5-G; or (3) such other date as is agreed in writing between CAMPER and the CAMPGROUND.
Termination; Removal. Any party may voluntarily terminate its participation and obligations under this Agreement for convenience upon providing one hundred eighty (180) day written notice to the other parties. Any party may be removed by unanimous written agreement of the other parties upon: (a) unremedied breach of any material term herein or in any attached document after ninety (90) days written notice to breaching party or (b) the failure of the party’s broadband utility to function as a going concern or operate in the ordinary course for more than sixty (60) days.
Termination; Removal. (1) Employee is an at-will employee serving at the pleasure of the City Council as provided in Government Code Section 36506.
(2) The City Council may remove Employee at any time, with or without cause, by a majority vote of its members. Notice of termination shall be provided to Employee in writing. Termination, as used in this Agreement, shall also include a request Employee resign, a reduction in Employee’s salary or other financial benefits (except for a reduction consistent with Subsection 4.A(1)(c) of this Agreement), a material reduction in the powers and authority of the City Administrator, or the elimination of the City Administrator’s position. Any such notice of termination or act constituting termination shall be given at or effectuated at a duly noticed regular meeting of the City Council.
(3) Employee shall not be removed during the 90-day period preceding or following any City election for membership on the City Council, or during the 90-day period following any change in membership of the City Council, except upon unanimous vote of the City Council.
(4) Given the at-will nature of the position of City Administrator, an important element of the employment agreement pertains to termination. It is in both the City’s interest and that of Employee that any separation of Employee from the position of City Administrator is done in a businesslike manner.
Termination; Removal. The City Administrator is an at-will employee serving at the pleasure of the City Council as provided in Government Code section 36506. The City Council may remove the City Administrator at any time, with or without cause, by a majority vote of its members, except that should termination occur within 90 days following an election, removal will require a super-majority vote of the City Council. Notice of termination shall be provided to the City Administrator in writing. Termination as used in this Section shall also include a request that the City Administrator resign or retire, or elimination of the City Administrator’s position. Any such notice of termination or act constituting termination shall be given at or effectuated at a duly noticed regular meeting of the City Council. Given the at-will nature of the position of City Administrator, an important element of this Agreement pertains to termination. It is in both the City’s interest and that of the City Administrator that any separation of the City Administrator is done in a businesslike manner.
Termination; Removal. 1) The City Manager is an at-will employee serving at the pleasure of the City Council as provided in Government Code Section 36506.
2) The City Council may remove the City Manager at any time, with or without cause, by a majority vote of its members. Notice of termination shall be provided to the City Manager in writing. “Involuntary termination” as used in this Section shall also include a request that the City Manager resign by the City Council as approved by a majority vote of the City Council or a reduction in salary or other financial benefits of the City Manager by more than ten percent (10%), except as occasioned by a reduction in the salary of other City management staff pursuant to section IV(A)(1)(c). Involuntary termination does not include City Manager’s death, incapacity due to injury or illness (physical or mental), dismissal for just cause as defined in Section E below, nor City Manager’s resignation for any reason other than stated in this Section.
3) The City Manager shall not be removed during the 60-day period preceding or following any City election for membership on the City Council, or during the 90-day period following any change in membership of the City Council, except upon unanimous vote of the City Council.
