Common use of Removal of Directors Clause in Contracts

Removal of Directors. Any or all of the directors may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 14 contracts

Sources: Stock Purchase Agreement (Globecomm Systems Inc), By Laws (Oasis Entertainments Fourth Movie Project Inc), Stock Purchase Agreement (Globecomm Systems Inc)

Removal of Directors. Any director or all the entire Board of the directors may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without from office at any time, at a meeting called for that purpose, but only for cause and only by the affirmative vote of the stockholdersholders of at least 66 2/3% of the voting power of the issued and outstanding Units of the Fund entitled to vote thereon, voting together as a single class.

Appears in 12 contracts

Sources: Limited Liability Company Agreement (New Mountain Guardian III BDC, L.L.C.), Merger Agreement (New Mountain Guardian III BDC, L.L.C.), Limited Liability Company Agreement (New Mountain Guardian IV BDC, L.L.C.)

Removal of Directors. Any Director may be removed at any time, with or without cause, by a vote of two-thirds (2/3) of all of the directors Directors, with the exception of the Director subject removal, at any Regular Meeting or Special Meeting of the Board called for that purpose. In addition, any Director who fails to attend three (3) Regular Meetings of the Board in a fiscal year may be removed for cause by vote asked to resign unless the Chair of the stockholders or by action of Board has excused the board. Directors may be removed without cause only by vote of the stockholdersabsences.

Appears in 5 contracts

Sources: Joint Powers Agreement, Joint Powers Agreement, Joint Power Agreement

Removal of Directors. Any Director or all of the directors entire Board may be removed for cause removed, with or without cause, by the holders of a Majority in Interest then entitled to vote at an election of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersDirectors.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Alliance Holdings GP, L.P.), Limited Liability Company Agreement (K-Sea GP Holdings LP), Limited Liability Company Agreement (Penn Virginia GP Holdings, L.P.)

Removal of Directors. Any one or all more of the directors members of the Board of Directors may be removed, with or without cause, only at a meeting of the shareholders called expressly for that purpose, by the affirmative vote of the holders of outstanding shares representing at least a majority of all the votes then entitled to be cast at an election of Directors. No Director may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersexcept as provided in this Section 6.5.

Appears in 4 contracts

Sources: Merger Agreement (Rohm & Haas Co), Merger Agreement (Morton Acquisition Corp), Merger Agreement (Rohm & Haas Co)

Removal of Directors. Any Director or all the entire Board of the directors may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed at any time, with or without cause only cause, by vote of the stockholdersMembers.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc)

Removal of Directors. Any or all of the directors may be removed, with or without cause, at any time by the vote of the stockholders at a special meeting called for that purpose. Any director may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersdirectors at a special meeting called for that purpose.

Appears in 4 contracts

Sources: Merger Agreement (Micro Investment LLC), Merger Agreement (Micro Therapeutics Inc), Merger Agreement (Ev3 Inc.)

Removal of Directors. Any Unless otherwise restricted by statute, or all by the Certificate of Incorporation or these Bylaws, any director or the entire Board may be removed, with or without cause, by the holders of at least a majority of the directors may be removed for cause by shares entitled to vote at an election of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersdirectors.

Appears in 3 contracts

Sources: Merger Agreement (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC), Agreement and Plan of Merger (Blackhawk Biofuels, LLC)

Removal of Directors. Any one or more or all of the -------------------- directors may be removed removed, at any time, but only for cause by vote the holders of at least a majority in voting power of the stockholders or by action then issued and outstanding shares of capital stock of the board. Directors may be removed without cause only by vote of the stockholdersCorporation.

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Orion Pictures Corp), Agreement and Plan of Merger (Actava Group Inc)

Removal of Directors. Any or all Unless otherwise provided in the articles of incorporation, any member of the board of directors may be removed removed, with or without cause, by the board of directors or, at a meeting of the shareholders called expressly for cause that purpose, by a vote of the stockholders or by action holders of a majority of the board. Directors may be removed without cause only by shares then entitled to vote at an election of the stockholdersdirectors.

Appears in 2 contracts

Sources: Merger Agreement (Jefferson Pilot Corp), Merger Agreement (Lincoln National Corp)

Removal of Directors. Any or all of the directors Directors may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 2 contracts

Sources: By Laws (Accretive Health, Inc.), By Laws (Emcor Group Inc)

Removal of Directors. Any One or all more of the directors may be removed for cause removed, with or without cause, at a meeting of stockholders, by the affirmative vote of the stockholders or by action holders of a majority of the boardoutstanding stock then entitled to vote at an election of directors. Directors No director shall be removed at a meeting of stockholders unless the notice of such meeting shall state that a purpose of the meeting is to vote upon the removal of one or more directors named in the notice. Only the named director or directors may be removed without cause only by vote of the stockholdersat such meeting.

Appears in 2 contracts

Sources: Exchange Agreement (Coram Healthcare Corp), Exchange Agreement (Coram Healthcare Corp)

Removal of Directors. Any or all of the directors director may be removed for with or without cause by vote decision of two-thirds (2/3) of the stockholders or by action of the board. Directors may other directors; provided, however, that no director shall be removed without cause only by vote except with the consent of the stockholdersholders of a majority of the Shares held by the class of Investors entitled to designate such director pursuant to Section 3.1.

Appears in 2 contracts

Sources: Stockholders Agreement (Icon Health & Fitness Inc), Stockholders Agreement (510152 N B LTD)

Removal of Directors. Any A director, or all the entire Board of the directors Directors, may be removed for cause at any time, with or without cause, by vote the holders of a majority of the stockholders or by action shares then entitled to vote at an election of the board. Directors may be removed without cause only by vote of the stockholdersdirectors.

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Singular Genomics Systems, Inc.), Merger Agreement (Sparton Corp)

Removal of Directors. Any or all of the directors director may be removed at any time, either for cause by or without cause, upon the affirmative vote of the stockholders holders of a majority of the outstanding shares of stock of the corporation entitled to vote generally for the election of directors, acting at a stockholder meeting or by action written consent in accordance with the DGCL and these bylaws. Any vacancy in the Board caused by any such removal may be filled at such meeting (or in the written instrument effecting the removal, if the removal was effected by consent without a meeting) by the stockholders entitled to vote for the election of the board. Directors may be removed without cause only by vote of the stockholdersdirector so removed.

Appears in 2 contracts

Sources: Merger Agreement (International Paper Co /New/), Merger Agreement (Temple Inland Inc)

Removal of Directors. Any or all of the directors may be removed for by cause by a majority vote of the stockholders or by action of the boardstockholders. Directors may be removed without cause only by vote more than 50% of the stockholdersthen outstanding stock entitled to vote.

Appears in 2 contracts

Sources: Triangular Merger Agreement (Ars Networks Inc), Triangular Merger Agreement (Ars Networks Inc)

Removal of Directors. Any or all of the directors may be removed for cause by vote of either the stockholders or by action Board of the board. Directors may be removed without cause only by vote of the stockholdersDirectors.

Appears in 1 contract

Sources: Merger Agreement (Islet Sciences, Inc)

Removal of Directors. Any or all of the directors may be removed for removed, either with or without cause at any time by a vote of the stockholders shareholders at any meeting called for such purpose, and another director, or more than one may be elected by action such shareholders in the place of the board. Directors may be removed without cause only by vote director(s) so removed, to serve for the remainder of the stockholdersterm.

Appears in 1 contract

Sources: Exchange Agreement (Royal Acceptance Corp)

Removal of Directors. Any Subject to any limitation imposed by applicable law, any individual director or all of the directors may be removed for with or without cause by the affirmative vote of the stockholders or by action holders of a majority of all the then-outstanding shares of capital stock of the board. Directors may be removed without cause only by Company entitled to vote generally at an election of the stockholdersdirectors.

Appears in 1 contract

Sources: Business Combination Agreement (Freedom Acquisition I Corp.)

Removal of Directors. Any Except with regard to directors elected by any class or all series of the stock entitled to elect directors separately, any director may be removed for cause from office, without assigning any cause, by vote the approval of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersshareholders.

Appears in 1 contract

Sources: Transaction Agreements (Treasure Holdco, Inc.)

Removal of Directors. Any or all of the directors Director may be removed for cause removed, with or without cause, at any time by the majority vote of the stockholders or by action Board of the board. Directors may be removed without cause only by vote of the stockholdersDirectors.

Appears in 1 contract

Sources: Community School Contract

Removal of Directors. Any one or more of the directors may be removed for cause by action of the Board of Directors. Any or all of the directors may be removed for with or without cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersshareholders.

Appears in 1 contract

Sources: Merger Agreement (Numbeer, Inc.)

Removal of Directors. Any At a meeting of shareholders, any director or all the entire Board of Directors may be removed, with or without cause, provided the notice of the directors meeting states that one of the purposes of the meeting is the removal of the director. A director may be removed for cause by vote only if the number of votes cast to remove him exceeds the stockholders or by action number of the board. Directors may be removed without cause only by vote of the stockholdersvotes cast against removal.

Appears in 1 contract

Sources: Stock Exchange Agreement (Equity Growth Systems Inc /De/)

Removal of Directors. Any one or all more of the directors Directors may be removed for cause whether with or without cause, at any time by vote of the stockholders or by action holding a majority of the board. Directors may be removed without cause only by vote of the stockholdersstock, at any special meeting called for that purpose.

Appears in 1 contract

Sources: Asset Purchase Agreement (Wallstreet Review Inc)

Removal of Directors. Any A director, or all the entire Board of Directors, may be removed, with or without cause, by the holders of a majority of the directors may shares then entitled to vote at an election of directors; provided, however, that if cumulative voting obtains and less than the entire Board of Directors is to be removed for cause by vote of the stockholders or by action of the board. Directors removed, no director may be removed without cause only by vote if the votes cast against such director’s removal would be sufficient to elect him if then cumulatively voted at an election of the stockholdersentire Board of Directors.

Appears in 1 contract

Sources: Merger Agreement

Removal of Directors. Any or all of the directors may be removed with or without for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersshareholders.

Appears in 1 contract

Sources: Merger Agreement (Frederick's of Hollywood Group Inc /Ny/)

Removal of Directors. Any Subject to any provisions of applicable law, any or all of the directors may be removed for cause by vote of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 1 contract

Sources: By Laws (HF Foods Group Inc.)

Removal of Directors. Any or all of the directors may be removed for cause by vote of the stockholders shareholders or by action of the boardBoard. Directors may be removed without cause only by vote of the stockholdersshareholders.

Appears in 1 contract

Sources: Indenture (Capital Gaming International Inc /Nj/)

Removal of Directors. Any or all of the directors may be removed for cause by vote of the stockholders with or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 1 contract

Sources: Merger Agreement (Nortek Inc)

Removal of Directors. Any a. Neither the Board of Directors nor any individual director may be removed without cause. b. Subject to any limitation imposed by law, any individual director or all of the directors may be removed for with cause by vote the holders of a majority of the stockholders or by action voting power of the board. Directors may be removed without cause only by corporation entitled to vote at an election of the stockholdersdirectors.

Appears in 1 contract

Sources: Merger Agreement (Telik Inc)

Removal of Directors. Any or all of the directors may be removed for either with or without cause by a proper vote of the stockholders or by action of the board. Directors shareholders; and may be removed without with cause only by a majority vote of the stockholdersentire board.

Appears in 1 contract

Sources: Merger Agreement (Collegiate Pacific Inc)

Removal of Directors. Any The shareholders may remove one or all of the more directors with or without cause. A director may be removed for cause by vote the shareholders at a meeting of shareholders, provided the notice of the stockholders meeting states that the purpose, or by action one of the board. Directors may be removed without cause only by vote purposes, of the stockholdersmeeting is the removal of the director.

Appears in 1 contract

Sources: Merger Agreement (PBSJ Corp /Fl/)

Removal of Directors. Any director or all the entire Board may be removed, with or without cause, by the holders of a majority of the directors may be removed for cause by shares at the time entitled to vote at an election of the stockholders or by action of the board. Directors may be removed without cause only by vote of the stockholdersdirectors.

Appears in 1 contract

Sources: Combination Agreement (NYSE Group, Inc.)

Removal of Directors. Any or all of the directors may -------------------- nay be removed for cause by vote of the stockholders with or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 1 contract

Sources: Management Agreement (Knott David M)

Removal of Directors. Any or all of the directors may nay be removed for cause by vote of the stockholders with or by action of the board. Directors may be removed without cause only by vote of the stockholders.

Appears in 1 contract

Sources: Management Agreement (Columbia Laboratories Inc)

Removal of Directors. Any or all of the directors may be removed by the stockholders only for cause by the affirmative vote of the stockholders or by action holders of at least a majority of the board. Directors may be removed without cause only by vote voting power of all the outstanding voting stock of the stockholdersCorporation.

Appears in 1 contract

Sources: By Laws (Gte Corp)