Removal and Resignation. Any Officer or agent elected or appointed by the Board of Managers may be removed by the Board of Managers with or without cause, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company may resign at any time by giving written notice to the Board of Managers. Any such resignation shall take effect after time specified therein, or, if the time is not specified therein, upon its acceptance by the Board of Managers.
Appears in 4 contracts
Sources: Operating Agreement (Liquidmetal Technologies Inc), Operating Agreement (Liquidmetal Technologies Inc), Securities Purchase Agreement (Liquidmetal Technologies Inc)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers Directors may be removed by the Board of Managers with or without causeDirectors whenever in its judgment the best interests of the Corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of ManagersCorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 4 contracts
Sources: Agreement and Plan of Merger (Supermedia Inc.), Agreement and Plan of Merger (DEX ONE Corp), Merger Agreement (Supermedia Inc.)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers Directors may be removed without cause by the affirmative vote of a majority of the Board of Managers with or without causeDirectors then in office whenever, in its judgment, the best interests of the corporation shall be served thereby, but such removal shall be without prejudice to the contract contractual rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of Managerscorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 2 contracts
Sources: Investment Agreement (Transmeridian Exploration Inc), Investment Agreement (Transmeridian Exploration Inc)
Removal and Resignation. Any Officer or agent elected or appointed by officer of the Board of Managers Corporation may be removed by the Board of Managers Directors with or without cause, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rightscause at any time. Any Officer of the Company officer may resign his office at any time by giving delivering a written notice to the Board of ManagersDirectors, the President, the Secretary, or any Assistant Secretary. Any Unless otherwise specified therein, such resignation shall take effect after time specified therein, or, if the time is not specified therein, upon its acceptance by the Board of Managers.delivery
Appears in 2 contracts
Sources: By Laws (Kemper New Europe Fund Inc), By Laws (Scudder New Europe Fund Inc)
Removal and Resignation. Any Officer or agent officer elected or appointed by the Board of Managers Directors may be removed by the Board of Managers with or without cause, but such removal shall be without prejudice to for any or no reason, at any time by the contract rights, if any, Board of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rightsDirectors. Any Officer of the Company officer may resign at any time by giving written notice to the Board of ManagersCorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 2 contracts
Sources: Merger Agreement (NeuroMetrix, Inc.), Merger Agreement (electroCore, Inc.)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers Directors may be removed by the Board of Managers with or without causeDirectors whenever in its judgment the best interests of the corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company An officer may resign at any time by giving written delivering notice to the Board of ManagersCorporation. Any Such resignation is effective when such notice is delivered unless such notice specifies a later effective date. An officer's resignation shall take effect after time specified therein, ordoes not affect the Corporation's contract rights, if any, with the time is not specified therein, upon its acceptance by the Board of Managersofficer.
Appears in 2 contracts
Sources: Acquisition Agreement (Goodys Family Clothing Inc /Tn), Acquisition Agreement (Goodys Family Clothing Inc /Tn)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers may be removed by the Board of Managers Directors at any time, with or without cause, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer officer or agent shall not of itself create contract rights. Any Officer of the Company An officer or agent may resign at any time by giving written notice of resignation to the Board Secretary of Managersthe corporation. Any such The resignation shall take effect after time specified therein, or, if is effective when the time notice is not specified therein, upon its acceptance received by the Board of Managerscorporation unless the notice specifies a later effective date.
Appears in 2 contracts
Sources: Merger Agreement (First State Bancorporation), Merger Agreement (Cachestream Corp)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers may be removed by the Board of Managers with or without causeDirectors whenever in its judgment the best interests of the Corporation will be served thereby, but provided, however, that such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of ManagersDirectors, to the President or to the Secretary of the Corporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein; and, or, if the time is not unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 2 contracts
Sources: Merger Agreement (Customers Bancorp, Inc.), Merger Agreement (CMS Bancorp, Inc.)
Removal and Resignation. Any Officer or agent elected or appointed by Whenever in the judgment of the Board of Managers Directors the best interest of the Corporation will be served thereby, any officer may be removed from office by the vote of a majority of the members of the Board of Managers with Directors at any regular meeting or without cause, but at a special meeting called for such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rightspurpose. Any Officer of the Company officer may resign his office at any time by giving delivering a written notice resignation to the Board of ManagersDirectors, the President, the Secretary, or any Assistant Secretary. Any Unless otherwise specified therein, such resignation shall take effect after time specified therein, or, if the time is not specified therein, upon its acceptance by the Board of Managersdelivery.
Appears in 1 contract
Sources: By Laws (Cummer Moyers Funds Inc)
Removal and Resignation. Any Officer or agent elected or appointed officer chosen by the Board of Managers Directors may be removed by the Board of Managers at any time, with or without cause, but such removal shall be without prejudice to by the contract rights, if any, affirmative vote of a majority of all the members of the person so removed. Election or appointment Board of an Officer or agent shall not of itself create contract rightsDirectors. Any Officer officer chosen by the Board of the Company Directors may resign at any time by giving written notice of said resignation to the Corporation. Unless a different time is specified therein, such resignation shall be effective upon its receipt by the Chairman of the Board, the President, the Secretary or the Board of Managers. Any such resignation shall take effect after time specified therein, or, if the time is not specified therein, upon its acceptance by the Board of ManagersDirectors.
Appears in 1 contract
Sources: Merger Agreement (Provena Foods Inc)
Removal and Resignation. Any Officer or agent elected or appointed by the The Board of Managers may be removed by the Board of Managers remove any officer, either with or without cause, but at any time, whenever in its judgment the best interest of the Corporation will be served thereby; provided, however, that such removal shall be without not prejudice to the contract officer's contact rights, if any, of and the person so removed. Election election or appointment of an Officer or agent officer shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board Corporation, the resignation taking effect on receipt of Managers. Any such resignation shall take effect after time the notice or at a later date specified therein, or, if in the time is not specified therein, upon its acceptance by the Board of Managersnotice.
Appears in 1 contract
Sources: Charter School Renewal Agreement
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers Directors may be removed by the Board of Managers removed, with or without cause, by the affirmative vote of a majority of the Board of Directors whenever, in its judgment, the best interests of the Corporation shall be served thereby, but such removal shall be without prejudice to the contract contractual rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of ManagersCorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 1 contract
Sources: Securities Purchase Agreement (Queen Sand Resources Inc)
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board board of Managers directors may be removed by the Board of Managers with or without causecause by the affirmative vote of a majority of the board of directors, but such removal shall be without prejudice to the contract contractual rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of Managerscorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 1 contract
Removal and Resignation. Any Officer or agent elected or officer appointed by the Board board of Managers directors may be removed by the Board board of Managers with or without causedirectors whenever, but such removal shall be without prejudice to in the contract rights, if any, judgment of the person so removed. Election or appointment board of an Officer or agent shall not directors, the best interests of itself create contract rightsthe corporation will be served thereby. Any Officer of the Company officer may resign at any time by giving written notice to the Board of Managerscorporation. Any such resignation shall take effect after at the date of receipt of such notice or at a later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 1 contract
Removal and Resignation. Any Officer or agent elected or appointed by the The Board of Managers Directors may be removed by the Board of Managers remove an officer, either with or without cause, but such removal shall be without prejudice to the contract rightsat any time, if any, by an affirmative vote of two-thirds (2/3) of the person so removedDirectors currently in office. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company An officer may resign at any time by giving written notice to the Board of Managers. Any such Directors, the resignation shall take taking effect after time on receipt of notice or at a later date as specified therein, or, if in the time is not specified therein, upon its acceptance by the Board of Managersnotice.
Appears in 1 contract
Sources: Charter School Contract
Removal and Resignation. Any Officer or agent elected or appointed Whenever in the Board's judgment the best interest of the Corporation will be served thereby, any officer may be removed from office by the vote of a majority of the members of the Board of Managers may be removed by the Board of Managers with Directors given at a regular meeting or without cause, but any special meeting called for such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rightspurpose. Any Officer of the Company officer may resign his office at any time by giving delivering a written notice resignation to the Board of ManagersDirectors, the President, the Secretary, or any Assistant Secretary. Any Unless otherwise specified therein, such resignation shall take effect after time specified therein, or, if the time is not specified therein, upon its acceptance by the Board of Managers.delivery. [MGCL Sec. 2-413]
Appears in 1 contract
Removal and Resignation. Any Officer officer or agent elected or appointed by the Board of Managers Directors may be removed with cause by the affirmative vote of the Board of Managers with or without causeDirectors whenever, in its judgment, the best interests of the corporation shall be served thereby, but such removal shall be without prejudice to the contract contractual rights, if any, of the person so removed. Election or appointment of an Officer or agent shall not of itself create contract rights. Any Officer of the Company officer may resign at any time by giving written notice to the Board of Managerscorporation. Any such resignation shall take effect after at the date of the receipt of such notice or at any later time specified therein, or, if the time is not and unless otherwise specified therein, upon its the acceptance by the Board of Managerssuch resignation shall not be necessary to make it effective.
Appears in 1 contract
Sources: Exchange Agreement (Stewart Information Services Corp)