Removal of Members Clause Samples

Removal of Members. (a) A Member may be removed from the Company in any of the following circumstances (and for no other reason): (i) prior to the Sunset, in the case of an Original Control Member, (1) automatically, by delivering its resignation from the Company in writing or electronic transmission to the Company; (2) automatically, upon the death of such Member (or its affiliated Original Control Person); (3) at the election of the Control Group and approved by each Original Control Member (excluding the approval of the Original Control Member subject to removal), upon such Member’s (or its affiliated Original Control Person’s) Disability; (4) at the election of the Control Group and approved by each Original Control Member (excluding the approval of the Original Control Member subject to removal), if such Member (or its affiliated Original Control Person) commits an act or omission constituting Cause; or (5) at the election of the Control Group and approved by each Original Control Member (excluding the approval of the Original Control Member subject to removal), if such Member (or its affiliated Original Control Person) engages in Competition; (ii) prior to the Sunset, in the case of an Additional Member admitted pursuant to Section 3.4(b), (1) automatically, by delivering its resignation from the Company in writing or electronic transmission to the Company; (2) automatically, upon the death of such Member (or its Related Professional, as applicable); (3) automatically, upon the expiration of such Member’s term; (4) automatically, if such Member (or its Related Professional, as applicable) ceases to be an Active TPG Partner; (5) at the election of the Control Group, upon such Member’s (or its Related Professional’s) Disability; or (6) at the election of the Control Group, with or without Cause; in each case of clauses (5) and (6) above, as determined by the Control Group and approved by each Original Control Member; (iii) following the Sunset, in the case of any Member (including an Original Control Member or Additional Member), (1) automatically, pursuant to Section 3.4(c)(ii); (2) automatically, pursuant to Section 3.4(c)(i)(2); (3) automatically, by delivering its resignation from the Company in writing or electronic transmission to the Company; or (4) at the election of the Control Group and approved by each Original Control Member (excluding the approval of an Original Control Member subject to removal), if such Member is determined to be a Disqualified Holder. No D...

Removal of Members. A Party-Appointed Arbitrator may be removed at any time by the party who appointed that Member upon five (5) Business Days notice to the other party of the selection of a replacement Member. The Neutral Member may be removed by unanimous action of the Party-Appointed Arbitrators or unanimous action of the parties after five (5) Business Days notice to the Claimant Party and the Respondent Party and the Arbitration Administrator of the selection of a replacement Neutral Member.

Removal of Members. A Party-Appointed Arbitrator may be removed at any time by the Party that appointed that Member upon written notice to the other Party of the selection of a replacement Member, who shall be considered a Party-Appointed Arbitrator. No such replacement Party-Appointed Arbitrator shall become a Member of a Review Board until he or she agrees in writing to be bound by the provisions of this Article 7. The Neutral Member may be removed by unanimous action of the Party-Appointed Arbitrators after five (5) Business Days’ written notice to the Claimant Party and the Respondent Party or by the unanimous action of the Parties. In any such event, the Party-Appointed Arbitrators must notify the Arbitration Administrator in writing of the selection of a replacement Neutral Member. No such replacement Neutral Member shall become a Member of a Review Board until he or she agrees in writing to be bound by the provisions of this Article 7 and provides to the Parties a written statement that he or she does not have any official, financial, or personal conflict of interest with respect to the Dispute Item or the Parties.

Removal of Members. A member of the Committee may be removed by the body that appointed that member for any of the following reasons: 1. Violation of the attendance provisions. 2. Violation of the By-Laws, City or County Codes of Ethics and Conflict of Interest Provisions set forth in section VII.L above. 3. Discontinuation of special or representative status for which the member was appointed 4. Non-payment of city or county ad valorem taxes. 5. The member moves out of Durham County. 6. Violation of the rules set forth in the PROCEDURES FOR CITIZEN APPOINTMENTS adopted by the Durham County BOCC of County Commissioners, incorporated herein by reference and similar rules adopted by the Durham City Council found at ▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇/ich/cco/Pages/PROCEDURES-FOR-APPOINTING-CITIZENS.aspx incorporated herein by reference. Should it be determined by two-thirds of the members of the Committee present and voting after a full and fair consideration of all evidence that a member has violated these rules and restrictions, the Chairperson shall notify the appointing governing body or institution so that appropriate action can be taken. In addition, a member of the Committee may be removed at any time by the appointing body for behavior that impairs the public trust or the ability of the member to effectively serve as a Committee member.

Removal of Members. Except as otherwise provided in this Agreement, no Member shall be removed from membership in the Company without a vote of the Members holding a majority of the voting rights of the Company.

Removal of Members. The Board of Directors may terminate the membership of Member for cause, including but not limited to material violation of the Bylaws or nonpayment of obligations, subject to any applicable regulatory approvals. Such Board of Directors termination shall be after an affirmative vote consistent with the voting procedures in the Bylaws. Where membership is terminated by the Board, Member shall comply with the requirements of Section 4.2 of this Agreement as if it had voluntarily withdrawn from SPP.

Removal of Members. (a) A Member may be removed as a Member by the Manager under the following circumstances: (i) the Member has transferred or attempted to Transfer all or any portion of its Membership Interest in a Prohibited Transfer; (ii) in the case of any Member who is also the Manager or an Affiliate of the Manager, the Member or its Affiliate has ceased to be the Manager in violation of Section 5.7(a) or has been removed as the Manager in accordance with Section 5.7(b); (iii) the Member has materially breached the terms of this Agreement or any other material agreement with the Company; or (iv) the Manager determines that removal is necessary to comply with any requirements, conditions, or guidelines contained in any opinion, directive, order, ruling, or regulation of any United States federal or state agency or judicial authority or contained in any United States federal or state statute. (b) If the Manager proposes to remove a Member pursuant to this Section, the Manager shall notify the Member in writing of the proposed removal, and if applicable shall provide such Member a reasonable opportunity to cure the event giving rise to removal. The removal of the Member is effective at such time as determined by the Manager in accordance with applicable law and taking into account the Member’s opportunity to cure the event giving rise to removal.

Removal of Members. Any Member may be removed by two-thirds (2/3) vote of the Members. Any removal occurring hereunder shall be effective immediately. The Commission may adopt a policy or policies clarifying the additional processes and obligations surrounding the removal of a Member. A Member’s removal does not impact any liability or responsibility of the Member for obligations that accrued while the Member was a Member of the Commission.

Removal of Members. A Party-Appointed Arbitrator may be removed at any time by the party who appointed that Member upon five (5) Business Days notice to the other party of the selection of a replacement Member. The Neutral Member may be removed by unanimous action of the Party-Appointed Arbitrators or unanimous action of the parties after five (5) Business Days notice to the Claimant Party and the Respondent Party and the Arbitration Administrator of the selection of a replacement Neutral Member. Module 1 — Whole Bank w/ Optional Shared Loss Agreements Coastal Bank Version 3.01 — Single family Shared-Loss Agreement Cocoa Beach, FL December 8, 2010