Board of Directors of the Surviving Corporation Sample Clauses

Board of Directors of the Surviving Corporation. The directors of Sub immediately prior to the Effective Time shall be the directors of the Surviving Corporation, until the earlier of their death, resignation or removal or until their respective successors are duly elected and qualified, as the case may be.
AutoNDA by SimpleDocs
Board of Directors of the Surviving Corporation. The directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Corporation until their respective successors have been duly elected or appointed and qualified, or until their earlier death, resignation or removal in accordance with the certificate of incorporation and bylaws of the Surviving Corporation.
Board of Directors of the Surviving Corporation. From and after the Effective Time, the Board of Directors of the Surviving Corporation shall consist of fourteen (14) persons, including Donald D. Parker and James J. Rothenbach. Six (6) direxxxxx, xx xxxxxxon to Xxxxxx X. Xxxxxx, shall have been selected by FCB ("FCB Xxxxxxxxxxxxxxx"), and six (6) directors, in addition to James J. Rothenbach, shall have been selected by OSB (txx "XXX Xxxxxxxxxxxives"). The FCB Representatives and the OSB Representatives, respectively, shall be divided as equally as practicable among the three classes of directors of the Surviving Corporation and shall serve in such capacities until their successors shall have been elected or appointed and shall have qualified in accordance with the Articles of Incorporation and By-laws of the Surviving Corporation and the WBCL. Directors chosen from among the FCB Representatives and the OSB Representatives shall be equally represented on the personnel committee (which shall have four members) and the executive committee, if any, of the Board of Directors of the Surviving Corporation.
Board of Directors of the Surviving Corporation. The Board of Directors of Parent will take all actions necessary such that, effective as of immediately following the Effective Time, two members of the Board of Directors of the Company acceptable to Parent shall become members of the Board of Directors of the Surviving Corporation.
Board of Directors of the Surviving Corporation. Unless otherwise determined by King and Crown prior to the Effective Time, at the Effective Time, the Parties shall take all requisite action so that from and after the Effective Time, the directors of the Surviving Corporation shall be the directors of King Sub immediately prior to the Effective Time, each to hold office in accordance with the certificate of incorporation of the Surviving Corporation and bylaws of the Surviving Corporation until their respective successors are duly elected and qualified or their earlier death, resignation or removal.
Board of Directors of the Surviving Corporation. From the Effective Date and for three (3) fiscal years beginning after the Effective Date, Palatin shall cause the Board of Directors of the Surviving Corporation to be composed of two Palatin Directors (as defined below) and one (1) MBI Director (as defined below).
Board of Directors of the Surviving Corporation. The directors of Newco immediately prior to the Effective Time shall be the directors of the Surviving Corporation at the Effective Time, each to hold office in accordance with the Articles of Incorporation and By-Laws of the Surviving Corporation.
AutoNDA by SimpleDocs
Board of Directors of the Surviving Corporation. At the Effective Time, ----------------------------------------------- each of the members of the Board of Directors of the Company immediately prior to the Effective Time shall submit his or her resignation and, concurrently with such resignations, the directors of Acquisition Corp. shall become the directors of the Surviving Corporation, each to serve until his or her successor has been duly elected and appointed and qualified or until his or her earlier death, resignation or removal.
Board of Directors of the Surviving Corporation. Prior to the Effective Time, Central Pacific shall take all actions necessary to adopt the amendment to the Central Pacific By-laws set forth in Annex 2 hereof. At the Effective Time, the Surviving Corporation’s board of directors will be expanded to comprise 15 directors, to consist of (x) the 9 directors of the Central Pacific Board (“Former Central Pacific Directors”) and (y) any 6 current members of the CB Bancshares Board set forth on Annex 3 hereto (“Former CB Bancshares Directors”). Unless he earlier resigns or retires, the current President and Chief Executive Officer of CB Bancshares, Xx. Xxxxxx Xxxxxx will be the non-executive Chairman of the Surviving Corporation’s board of directors for a period of not less than two years from the Effective Time. At the Effective Time, each of the three classes of directors of the Surviving Corporation will be comprised of three Former Central Pacific Directors and two Former CB Bancshares Directors. Xx. Xxxxxx will be a member of Class I. The members of the Surviving Corporation’s board of directors as of the Effective Time will serve as directors until their respective successors are duly elected and qualified in accordance with the articles of incorporation of the Surviving Corporation, the by-laws of the Surviving Corporation and applicable law.
Board of Directors of the Surviving Corporation. (a) From and after the Effective Time, the Board of Directors of the Surviving Corporation shall include the directors of the Acquiror immediately prior to the Effective Time. In addition, as of the Effective Time the Surviving Corporation and its Board of Directors shall take such action as may be necessary to cause Edwxx Xxxxxxxxx (xhe "Company Director") to be appointed as a director of each of the Surviving Corporation and the Acquiror-Bank effective as of the day of appointment (the "Appointment Date"). Such action shall include, if necessary, expansion of the size of the Board of Directors of the Surviving Corporation and/or Acquiror-Bank to the extent necessary to create a vacancy for the Company Director to be appointed as of the Appointment Date. At the initial annual meeting of shareholders following appointment of the Company Director, the Surviving Corporation shall nominate the Company Director as its uncontested candidate for election for a full three-year term as a director of the Surviving Corporation and shall provide for his continuation as a director of the Acquiring Bank for a like term.
Time is Money Join Law Insider Premium to draft better contracts faster.