Common use of Boards of Directors and Officers Clause in Contracts

Boards of Directors and Officers. At the -------------------------------- Effective Time, the directors and officers of Seller immediately prior to the Effective Time shall be the directors and officers, respectively, of the Surviving Corporation following the Merger, and such directors and officers shall hold office in accordance with the Surviving Corporation's Bylaws and applicable law; provided, however, as of the Effective Time of the Merger, Surviving Corporation shall take any and all actions necessary to add Tixxxxx X. Xxxxxxx xs a member of the Board of Directors of Surviving Corporation.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Unified Holdings Inc), Agreement and Plan of Merger (Unified Holdings Inc)

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Boards of Directors and Officers. At the Effective -------------------------------- Effective Time, the directors and officers of Seller immediately prior to the Effective Time shall be the directors and officers, respectively, of the Surviving Corporation following the Merger, and such directors and officers shall hold office in accordance with the Surviving Corporation's Bylaws and applicable law; provided, however, as of the Effective Time of the Merger, Surviving Corporation shall take any and all actions necessary to add Tixxxxx X. Xxxxxxx xs a member of the Board of Directors of Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Unified Holdings Inc)

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Boards of Directors and Officers. At the -------------------------------- Effective Time, the directors and officers of Seller Buyer immediately prior to the Effective Time shall be the directors and officers, respectively, of the Surviving Corporation following the Merger, and ; such directors and officers shall hold office in accordance with the Surviving Corporation's Bylaws Articles of Incorporation and Regulations and applicable law; provided, however, as of . Promptly following the Effective Time Time, one member of Seller's current Board of Directors, to be mutually agreed upon by the Mergerparties prior to the Effective Time, Surviving Corporation shall take any and all actions necessary be invited to add Tixxxxx X. Xxxxxxx xs a serve as an additional member of the Buyer's Board of Directors of Surviving CorporationDirectors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Trans Financial Inc)

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