Common use of Directors and Executive Officers of the Surviving Company Clause in Contracts

Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company immediately after the Merger shall be (i) the directors of FNB immediately prior to the Merger, and (ii) one current member of MBI’s Board of Directors as mutually agreed by FNB and MBI (the “MBI Designee”). The MBI Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective Time. The executive officers of the Surviving Company immediately after the Merger shall be the executive officers of FNB immediately prior to the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (FNB Corp/Fl/), Agreement and Plan of Merger

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Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company at and immediately after the Merger Effective Time shall be (i) the directors of FNB immediately prior to the Merger, and (ii) one (1) current member of MBIYDKN’s Board of Directors as mutually agreed designated by FNB and MBI in consultation with YDKN (the “MBI YDKN Designee”). The MBI YDKN Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective Time. The executive officers of the Surviving Company at and immediately after the Merger Effective Time shall be the executive officers of FNB immediately prior to the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (YADKIN FINANCIAL Corp), Agreement and Plan of Merger (FNB Corp/Fl/)

Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company immediately after the Merger shall be (i) the directors of FNB immediately prior to the Merger, and (ii) one current member of MBI’s Board of Directors as mutually agreed by FNB and MBI (the “MBI Designee”). The MBI Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective Time. The executive officers of the Surviving Company immediately after the Merger shall be the executive officers of FNB immediately prior to the Merger.. 1.4

Appears in 1 contract

Samples: Version Agreement (Metro Bancorp, Inc.)

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Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company immediately after the Merger shall be (i) the directors of FNB immediately prior to the Merger, Merger and (ii) one three current member independent members of MBIOmega’s Board of Directors (the “Omega Designees”) as are mutually agreed by FNB and MBI (the “MBI Designee”). The MBI Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective TimeOmega. The executive officers of the Surviving Company immediately after the Merger shall be the executive officers of FNB immediately prior to the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (FNB Corp/Fl/)

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