Parent Board of Directors. Parent shall have taken all actions necessary so that effective as of the Effective Time (i) the size of the Board of Directors of Parent shall be increased from five to eight directors and (ii) the Company Designees shall be elected as members of the Board of Directors of Parent filling the three vacancies created by the increase in the size of the Parent Board of Directors, to serve until the next annual meeting of the stockholders of Parent and until their successors are duly elected and qualified or their earlier death, resignation or removal.
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Samples: Agreement and Plan of Merger (Care Capital Properties, Inc.), Agreement and Plan of Merger (Sabra Health Care REIT, Inc.)
Parent Board of Directors. On or prior to the Effective Time, Parent shall have taken take all actions necessary corporate action so that (a) effective as of the Effective Time (i) the size of the Board of Directors of Parent shall be increased from five to eight directors and (ii) the Company Designees shall be elected as members of the Board of Directors of Parent filling the three vacancies created by the increase in Time, the size of the Parent Board of Directorsis increased by one member to 7 members and the new seat will be allocated as a Class II director and (b) Xx. Xxxxxxxx Xxxxxxxxx, to serve until the next annual meeting a current member of the stockholders of Company Board, will be appointed to the Parent and until their successors are duly elected and qualified or their earlier death, resignation or removalBoard to fill the vacancy on the Parent Board created by such increase.
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Samples: Agreement and Plan of Merger and Reorganization (Entropic Communications Inc), Agreement and Plan of Merger and Reorganization (Maxlinear Inc)
Parent Board of Directors. On or prior to the Effective Time, Parent shall have taken take all actions necessary corporate action so that (a) effective as of the Effective Time (i) the size of the Board of Directors of Parent shall be increased from five to eight directors and (ii) the Company Designees shall be elected as members of the Board of Directors of Parent filling the three vacancies created by the increase in Time, the size of the Parent Board is increased to a total of Directorsnine (9) members and (b) Xxxxxxxx Xxxx, Xxx Xxxxxxxx and Xxxxxx Xxxxxxxxx will be appointed to serve until the next annual meeting of Parent Board to fill vacancies on the stockholders of Parent and until their successors are duly elected and qualified or their earlier death, resignation or removalBoard.
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