Common use of Removal of Directors Clause in Contracts

Removal of Directors. A Director may be removed and replaced at any time by the Shareholder that has nominated such Director in accordance with the provisions of the Companies Law. If a Director becomes disqualified under applicable law, his position of Director shall be vacated and the Shareholder that nominated such Director shall nominate a new Director in accordance with Clause 6.2 and the Shareholders shall vote their Shares to cause the election to the Board of any such new Director.

Removal of Directors. A Director may be removed and replaced at any time by in accordance with the Bylaws only upon the written request or approval of the Shareholder that has nominated who designated such Director in accordance with Section 2.02(b). Upon receipt of such a written request from the provisions of the Companies Law. If a Director becomes disqualified under applicable lawdesignating Shareholder, his position of Director each Shareholder agrees to vote all voting Equity Securities owned by such Shareholder, and shall be vacated take all other actions necessary or desirable within its control, and the Shareholder that nominated Company shall take all necessary or desirable actions within its control, in order to remove such Director shall nominate a new Director in accordance with Clause 6.2 and the Shareholders shall vote their Shares to cause the election to the Board of any such new Directorwritten request.

Removal of Directors. A Any Director may be removed and replaced by the disinterested Directors at any time by the Shareholder that has nominated For Cause. Following such Director in accordance with the provisions of the Companies Law. If removal, a Director becomes disqualified under applicable law, his position of successor Director shall be vacated and appointed by the Shareholder that nominated such Director shall nominate a new Director in accordance with Clause 6.2 and unanimous vote of the Shareholders shall vote their Shares to cause the election to the Board of any such new DirectorShareholders.

Removal of Directors. A Any Director may be removed and replaced at any time by the Shareholder that has nominated such Director in accordance with the provisions majority vote of the Companies Lawremaining Directors for cause. If a Director becomes disqualified under applicable lawIn the event of the removal of an appointed Director, his position of Director the Appointing Person, shall be vacated and the Shareholder that nominated such Director shall nominate appoint a new Director in accordance Director, within ten (10) days of the removal of the appointed Director. “For Cause” shall mean the Director’s material breach of this Agreement or the Director’s conviction of, or the entering of a guilty plea or plea of no contest with Clause 6.2 and respect to a felony or the Shareholders shall vote their Shares to cause the election to the Board of any such new Directorequivalent thereof.

Removal of Directors. A Director may be removed and replaced as a director of the Company at any time by notice in writing to the Company by the Shareholder that has nominated who appointed him and the Shareholders shall promptly remove such Director in accordance with the provisions of the Companies Law. If a Director becomes disqualified under applicable law, his position of Director shall be vacated from their position(s) and the Shareholder that nominated appointed such Director shall nominate a new promptly appoint another Director in their place in accordance with Clause 6.2 8 (Appointment of Directors) and the Shareholders shall vote their Shares to cause the election to the Board of any such new DirectorArticles.

Removal of Directors. A Any Director may be removed and replaced at any time by the Shareholder that has nominated such Director in accordance with the provisions majority vote of the Companies Lawremaining Directors for cause. If a Director becomes disqualified under applicable lawIn the event of the removal of an appointed Director, his position of Director the appointing Member, shall be vacated and the Shareholder that nominated such Director shall nominate appoint a new Director in accordance Director, within ten (10) days of the removal of the appointed Director. “For Cause” shall mean the Director’s material breach of this Agreement or the Director’s conviction of, or the entering of a guilty plea or plea of no contest with Clause 6.2 and respect to a felony or the Shareholders shall vote their Shares to cause the election to the Board of any such new Directorequivalent thereof.

Removal of Directors. A The office of a Director may will be vacated if that Director: (a) ceases to be a director by virtue of any provision of the Corporations Act or is prohibited by law from being a director; (b) becomes, in the opinion of all of the other Directors, incapable by reason of mental disorder of discharging their duties as Director; (c) is removed and replaced at any time by the Shareholder that has nominated such Director from office in accordance with clause 3.4(b); or (d) is the provisions of the Companies Law. If a Director becomes disqualified under applicable law, his position of Director shall be vacated Chief Executive Officer and the Shareholder that nominated such Director shall nominate a new Director ceases to hold office in accordance with Clause 6.2 and the Shareholders shall vote their Shares to cause the election to the Board of any such new Directorclause 6.3.

Removal of Directors. A Any Director may be removed and replaced at any time by from the Shareholder that has nominated such Director in accordance Board of Directors, with the provisions or without cause, only if he is no longer serving as a member of the Companies LawCompensation Committee. If a Director becomes disqualified under applicable lawIn such circumstance, his position of such Director shall be vacated automatically removed as a Director and shall be replaced by his successor on the Shareholder that nominated such Director shall nominate a new Director in accordance with Clause 6.2 and the Shareholders shall vote their Shares to cause the election to the Board of any such new DirectorCompensation Committee.