Appointment to Acquiror Board of Directors Clause Samples
Appointment to Acquiror Board of Directors. Immediately prior to the Closing Date, corporate and board of Director action of the Acquiror shall be in place appointing the designees of the Holders as the members of the Board of Directors of the Acquiror, effective on and subsequent to the Closing Date. At such time, the resignations submitted by the present members of the Board of Directors of the Acquiror and the present officers of the Acquiror shall be deemed effective.
Appointment to Acquiror Board of Directors. Upon the full execu- tion of this Agreement by the Agreement Parties and the other signatories hereto, Board of Director action of the Acquiror shall be in place appoint- ing the designees of the Acquiror as the members of the Board of Directors of the Acquiror. At such time, the resignations submitted by the present members of the Board of Directors of the Acquiror and the present officers of the Acquiror shall be deemed effective.