Removal of the Manager. The Company’s Board of Directors may terminate this Agreement and the Manager’s appointment if, at any time: (a) (i) a majority of the Company’s Board of Directors vote to terminate this Agreement and (ii) the holders of at least a majority of the then outstanding Trust Shares (other than Trust Shares beneficially owned by the Manager) vote to terminate this Agreement.
Appears in 4 contracts
Sources: Management Services Agreement (Compass Diversified Holdings), Management Services Agreement (Compass Group Diversified Holdings LLC), Management Services Agreement (Compass Diversified Trust)
Removal of the Manager. The Company’s Board of Directors may terminate this Agreement and the Manager’s appointment if, at any time:;
(a) (i) a majority of the Company’s Board of Directors vote to terminate this Agreement and (ii) the holders of at least a majority of the then outstanding Trust Shares (other than Trust Shares beneficially owned by the Manager) vote to terminate this Agreement.
Appears in 2 contracts
Sources: Management Services Agreement, Management Services Agreement (Compass Diversified Holdings)