Common use of Director Resignations Clause in Contracts

Director Resignations. The Company shall provide Parent with a correct and complete list of the directors and officers of the Company and each of the Company Subsidiaries at least ten (10) Business Days prior to the Closing. The Company shall, at the direction of Parent, obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five (5) Business Days prior to the Closing.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Xura, Inc.), Agreement and Plan of Merger (WEB.COM Group, Inc.), Agreement and Plan of Merger (WEB.COM Group, Inc.)

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Director Resignations. The Company shall provide Upon the written request of Parent with a correct and complete list of the directors and officers of the Company and each of the Company Subsidiaries at least ten (10) Business Days prior to the Closing. The Company shall, at the direction of Parent, obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary shall use reasonable best efforts to cause each director of the Company designated by Parent to the Company and in writing at least five (5) Business Days office immediately prior to the ClosingEffective Time to deliver to Parent letters of resignation and release in customary form, effective as of Effective Time, with respect to their service as directors of the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (BlueCity Holdings LTD), Agreement and Plan of Merger (Ma Baoli)

Director Resignations. The Company shall provide Parent with a correct and complete list of To the directors and officers of the Company and each of the Company Subsidiaries at least ten (10) Business Days prior to the Closing. The Company shall, at the direction of Parent, obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated extent requested by Parent to the Company in writing at least five (5) Business Days prior to in advance of the Closing, the Company shall use its reasonable best efforts to deliver to Parent evidence reasonably satisfactory to Parent at the Closing of the resignation of the directors of the Company and its Subsidiaries (other than directors of the Subsidiaries of the Company whom Parent informs shall continue to serve in such capacities following the Effective Time), effective at the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sierra Oncology, Inc.), Agreement and Plan of Merger (Mandiant, Inc.)

Director Resignations. The Company shall use its reasonable best efforts to obtain and provide to Parent, on or prior to the Closing Date, to the extent requested in writing by Parent with a correct and complete list of the directors and officers of the Company and each of the Company Subsidiaries at least ten (10) Business Days business days prior to the Closing. The Company shallClosing Date, at the direction of Parent, obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignationresignation letters, effective as of and contingent upon the Effective Time, of those directors from each of the Company directors and corporate officers or any Subsidiary equivalents of each of the Company designated Acquired Corporations as requested by Parent to the Company in writing at least five (5) Business Days prior to the Closing.Parent, resigning from such position as a director and/or corporate officer. Table of Contents

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alder Biopharmaceuticals Inc)

Director Resignations. The Company shall provide Parent with a correct and complete list of the directors and officers of the Company and each of the Company its Subsidiaries at least ten (10) 10 Business Days prior to the Closing. The Company shall, at the direction of Parent, shall obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five (5) Business Days prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Premiere Global Services, Inc.)

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Director Resignations. The Company shall provide Parent with a correct and complete list of the directors and officers of the Company and each of its Subsidiaries as promptly as practicable after the Company Subsidiaries at least ten (10) Business Days prior to the Closingdate of this Agreement. The Company shall, at the direction of Parent, shall use its reasonable best efforts to obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five three (53) Business Days prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Affinity Gaming)

Director Resignations. The Company shall provide Parent with a correct and complete list of the directors and officers of the Company and each of its Subsidiaries as promptly as practicable after the Company Subsidiaries at least ten (10) Business Days prior to the Closingdate of this Agreement. The Company shall, at the direction of Parent, shall obtain and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignation, effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five (5) Business Days prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (TNS Inc)

Director Resignations. The Company Upon the written request of Parent which shall provide Parent with a correct and complete list of the directors and officers of be furnished to the Company and each of the Company Subsidiaries at least ten (10) Business Days business days prior to the Closing. The Closing Date, the Company shall, at shall use reasonable best efforts to cause each director of the direction Company or any of Parent, obtain its Subsidiaries designated by Parent and in office immediately prior to the Effective Time to deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the resignationresignations, effective as of the Effective Time, of those with respect to their service as directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five (5) Business Days prior to the Closingits Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (eLong, Inc.)

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