Vacancy; Removal. In the event that the position of a Director becomes vacant for any reason (including the death, disability or resignation of any such Director), the Company Shareholders shall vote their shares of Common Stocks to elect as replacement Director a person nominated by the Company Shareholder(s) and/or relevant Parties that originally nominated or is now entitled to nominate the Director whose office is vacant. A Director shall be removed with or without cause upon and only upon the affirmative votes of the Company Shareholders in accordance with this Section 4.2 and the provisions of applicable law. Each Company Shareholder shall vote its shares for the removal of a Director only upon the request of the Company Shareholder(s) and/or the relevant Parties that originally nominated or is now entitled to nominate such Director. Otherwise than in accordance with the provisions stipulated herein, no Company Shareholder shall vote for the removal of a Director. Any Company Shareholder removing a Director shall be responsible for and shall indemnify the other Company Shareholders and the Group against any claim of whatever nature arising out of such removal.
Vacancy; Removal. In the event that the position of a Director becomes vacant for any reason (including the death, disability or resignation of any such Director), the Company shall appoint as replacement Director the person nominated by the Shareholder(s) that originally nominated the Director whose office became vacant. Each Shareholder shall vote its shares for the removal of a Director only upon the request of the Shareholder(s) that nominated or is entitled to nominate such Director; otherwise, no Shareholder shall vote for the removal of a Director. A Director shall be removed with or without cause upon and only upon the affirmative vote of the Shareholders in accordance with this Section 9.2 and the provisions of applicable law.
Vacancy; Removal. Each Person who nominates a director of the Company pursuant to Section 7.01 shall have the right to cause that person to resign as a director of the Company. Any vacancy on the Board of Directors of the Company created by the resignation, removal, incapacity or death of any person nominated under this Article VII shall be filled by another person nominated by the party who nominated the director creating such vacancy or by such party's successors and assigns. The Shareholders agree to vote their respective shares of Common Stock in accordance with such new designation, and any such vacancy shall not be filed in the absence of a new nomination in accordance with the foregoing sentence.
Vacancy; Removal. In the event that the position of a Director becomes vacant for any reason (including the death, disability or resignation of any such Director), the Party appointing that Director shall be entitled to nominate another Director to replace the Director whose office is vacant. A Director shall be removed with or without cause upon and only upon the written consent of the Party appointing that Director. THE REDACTED PORTION OF THIS DOCUMENT HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND SUCH REDACTED INFORMATION HAS BEEN FILED SEPARATELY WITH THE COMMISSION
Vacancy; Removal. In the event of any vacancy on the Board of Directors, the Existing Holders will vote or act with respect to their Voting Shares so as to fill such vacancy with a nominee designated in the same manner as the person who held the directorship so vacated. The parties hereto agree that no director may be removed from office without the approval of the shareholders entitled to designate such directors in accordance with Section 5.1.
Vacancy; Removal. In the event that the position of a Director becomes vacant for any reason (including the death, disability or resignation of any such Director) and not replaced by another Director to be appointed by the original Company Shareholder which initially appointed such Director and approved by a Supermajority of the Board of Directors, the Company Shareholders shall vote their shares of Ordinary Shares to elect as replacement Director as a person appointed by the Company Shareholder(s) that originally appointed or is now entitled to appoint the Director whose office is vacant. A Director shall be removed with or without cause upon and only upon the affirmative vote of the Company Shareholders in accordance with this Section 9.2, the Articles of Association of the Company and the provisions of applicable law. Each Company Shareholder shall vote its shares for the removal of a Director only upon the request of the Company Shareholder(s) that originally appointed or is now entitled to appoint such Director. Otherwise than in accordance with the provisions herein, no Company Shareholder shall vote for the removal of a Director. Any Company Shareholder removing a Director shall be responsible for and shall indemnify the other Company Shareholders and the Group against any claim of whatever nature arising out of such removal.
Vacancy; Removal. So long as the Securityholders are entitled to elect directors pursuant to this Agreement, any vacancy in the position of a director may be filled only by a person designated by the Securityholders entitled by this Agreement to designate the individual whose position has become vacant. A director may, during such director’s term of office, be removed at any time, with or without cause, only by the affirmative vote of the holders of Stock entitled to designate such director pursuant to this Agreement; provided, that, either individual appointed pursuant to Section 5.1(f) above may be removed by a majority of the Preferred Designees.
Vacancy; Removal. In the case of a vacancy in the office of a director elected pursuant to Section 2.1, any such vacancy shall be filled as set forth in this Section 2.4. Further, any Designee may be removed during his or her term of office, with or without cause, as set forth in this Section 2.4.
Vacancy; Removal. If any Existing Director ceases to serve as a member of the Board prior to the expiration of such Existing Director’s current term, the resulting vacancy on the Board shall be filled by a representative designated by the WCP Investors to serve the remainder of such term. If the director appointed pursuant to Section 6.21 of the Merger Agreement (the “Appointed Director”) ceases to serve as a member of the Board prior to the expiration of the term to which the Appointed Director was appointed pursuant to Section 6.21 of the Merger Agreement the resulting vacancy on the Board shall be filled by a representative designated by the Xxxx Investors to serve the remainder of such term. No Existing Director shall be removed from the Board prior to the expiration of the current term of such Existing Director and no Appointed Director shall be removed from the Board prior to the expiration of the term to which the Appointed Director was appointed pursuant to Section 6.21 of the Merger Agreement without the prior written consent of the Majority WCP Investors or the Majority Xxxx Investors, as applicable.
Vacancy; Removal. In the event that the position of a Director becomes vacant for any reason (including the death, disability or resignation of any such Director), the Company Shareholders shall vote their shares of Common Stocks to elect as replacement Director a person nominated by the Company Shareholder(s) that originally nominated or is now entitled to nominate the Director whose office is vacant. A Director shall be removed with or without cause upon and only upon the affirmative votes of the Company Shareholders in accordance with this Section 7.2 and the provisions of applicable law. Each Company Shareholder shall vote its shares for the removal of a Director only upon the request of the Company Shareholder(s) that originally nominated or is now entitled to nominate such Director. Otherwise than in accordance with the provisions stipulated herein, no Company Shareholder shall vote for the removal of a Director. Any Company Shareholder removing a Director shall be responsible for and shall indemnify the other Company Shareholders and the Group against any claim of whatever nature arising out of such removal.
