Companies Law

1. If the manager is appointed as a managing partner in the company’s articles of incorporation, he may not be removed except pursuant to a unanimous decision issued by the other partners, and if he is appointed as such in a separate contract, he may be removed pursuant to a decision issued by the Companies Law majority vote of partners, unless the company’s articles of incorporation stipulate otherwise. 2. If the manager is not a partner, whether appointed in the company’s articles of incorporation or in a separate contract, he may be removed pursuant to a decision issued by the majority vote of partners. 3. A manager appointed in the company’s articles of incorporation or in a separate contract, whether a partner or otherwise, may be removed from his position pursuant to a final judgment rendered by the competent judicial authority. 4. The removal of the manager shall not result in the dissolution of the company, unless stipulated in the company’s articles of incorporation.