Common use of Removal and Replacement of Directors Clause in Contracts

Removal and Replacement of Directors. Any director may be removed from the Board or from any committee at any time, with or without cause, only at the direction of the shareholder that designated such director. If a vacancy is created on the Board or a committee as a result of the death, disability, retirement, resignation, or removal of any director, then the shareholder that designated such director shall have the right to designate such director’s replacement.

Appears in 5 contracts

Sources: Shareholder Agreement (Pinnacle Entertainment Inc.), Shareholder Agreement (Pinnacle Entertainment Inc.), Shareholder Agreement (Pinnacle Entertainment Inc.)

Removal and Replacement of Directors. Any director may (i) A Director shall be removed from the Board or from any committee at any timeBoard, with or without cause, upon, and only at upon, by the direction Shareholder who appointed him, unless such Director resigns voluntarily or the term of his service expires, in which case the shareholder that designated such director. If a vacancy is created on the Board or a committee as a result of the death, disability, retirement, resignation, or removal of any director, then the shareholder that designated Shareholder entitled to appoint such director shall have be entitled to nominate a replacement to be appointed by the right Board to designate such director’s replacementfill the vacancy thus created. (ii) Directors may only be appointed to and removed from the Board by the relevant Shareholders in accordance with this Agreement and the Articles.

Appears in 2 contracts

Sources: Shareholder Agreement (Bitauto Holdings LTD), Shareholders Agreement (Bitauto Holdings LTD)

Removal and Replacement of Directors. Any director may be removed from Each Member shall have the Board or from any committee right, at any timetime and for any reason (or for no reason), with to remove its Director. Should any Director be unwilling or without cause, only at the direction of the shareholder that designated such director. If a vacancy is created on the Board or a committee as a result of the death, disability, retirement, resignationunable to continue to serve, or removal otherwise cease to serve (including by reason of any directorhis or her involuntary removal), then the shareholder Member that designated appointed such director Director shall have be entitled fill the right to designate such director’s replacementresulting vacancy on the Company Board.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Regency Energy Partners LP)

Removal and Replacement of Directors. Any director may (i) A Director shall be removed from the Board or from any committee at any timeBoard, with or without cause, upon, and only at upon, the direction request of the shareholder that designated Shareholder who nominated him, unless such director. If Director resigns voluntarily or the term of his service expires, in which case the Shareholder entitled to nominate such Director shall be entitled to nominate a vacancy is created on replacement to be appointed to the Board or a committee as a result of to fill the death, disability, retirement, resignation, or removal of any director, then vacancy thus created. (ii) Each Director may only be nominated to and removed from the shareholder that designated such director shall have Board by the right to designate such director’s replacementrelevant Shareholder in accordance with this Agreement and the Articles.

Appears in 1 contract

Sources: Shareholders Agreement (58.com Inc.)