{"component": "clause", "props": {"groups": [{"snippet": "The directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Corporation until the earlier of their resignation or removal or until their respective successors are duly elected and qualified.", "samples": [{"hash": "isxQ3nxAhLO", "uri": "/contracts/isxQ3nxAhLO#directors", "label": "Merger Agreement (Lumos Pharma, Inc.)", "score": 35.8090362549, "published": true}, {"hash": "e6GaA7PpdRE", "uri": "/contracts/e6GaA7PpdRE#directors", "label": "Merger Agreement (Rain Oncology Inc.)", "score": 34.9493484497, "published": true}, {"hash": "1QPIYxfNv34", "uri": "/contracts/1QPIYxfNv34#directors", "label": "Merger Agreement (Jounce Therapeutics, Inc.)", "score": 34.2320327759, "published": true}], "size": 808, "snippet_links": [{"key": "the-directors", "type": "clause", "offset": [0, 13]}, {"key": "merger-sub", "type": "definition", "offset": [17, 27]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [40, 67]}, {"key": "directors-of-the-surviving-corporation", "type": "clause", "offset": [81, 119]}, {"key": "resignation-or-removal", "type": "clause", "offset": [147, 169]}], "hash": "9dba336f73f78b00eaee6644f28bcc73", "id": 1}, {"snippet": "(a) Promptly upon the acceptance for payment of, and payment by Sub for, any shares of Company Common Stock pursuant to the Offer, Sub shall be entitled to designate such number of directors on the Company Board as will give Sub, subject to compliance with Section 14(f) of the Exchange Act, representation on the Company Board equal to at least that number of directors, rounded up to the next whole number, that equals the product of (i) the total number of directors on the Company Board (giving effect to the directors elected pursuant to this sentence) multiplied by (ii) the percentage that (A) such number of shares of Company Common Stock so accepted for payment and paid for by Sub plus the number of shares of Company Common Stock otherwise owned by Sub or any other subsidiary of Parent bears to (B) the number of such shares outstanding, and the Company shall, at such time, cause Sub\u2019s designees to be so elected or appointed to the Company Board, provided that in the event that Sub\u2019s designees are appointed or elected to the Company Board, until the Effective Time the Company Board shall have at least three directors who are members of the Company Board on the date of this Agreement and who are not officers of the Company (the \u201cIndependent Directors\u201d); and provided further that, in such event, if the number of Independent Directors shall be reduced below three for any reason whatsoever, the remaining Independent Directors shall be entitled to nominate a person to fill such vacancy who shall be deemed to be an Independent Director for purposes of this Agreement or, if no Independent Directors then remain, the other directors shall designate two persons to fill such vacancies who are not officers, employees, stockholders or affiliates of the Company, Parent or Sub, and such persons shall be deemed to be Independent Directors for purposes of this Agreement. Subject to applicable Law, the Company shall take all action requested by Parent necessary to effect any such election or appointment, including mailing to its stockholders the Information Statement containing the information required by Section 14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder, and the Company shall make such mailing with the mailing of the Schedule 14D-9 (provided that Sub shall have provided to the Company on a timely basis all information required to be included in the Information Statement with respect to Sub\u2019s designees). In connection with the foregoing, the Company shall promptly, at the option of Sub, either increase the size of the Company Board or obtain the resignation of such number of its current directors as is necessary to enable Sub\u2019s designees to be elected or appointed to the Company Board as provided above. The Company shall also use its reasonable efforts to cause the Sub\u2019s designees to be proportionately represented on each committee of the Company Board (other than any committee of the Company Board established to take action under this Agreement) and each board of directors of each subsidiary of the Company designated by Sub.\n(b) Following the election or appointment of Sub\u2019s designees pursuant to Section 1.03(a) until the Effective Time, the concurrence of a majority of the Independent Directors shall be required for any amendment to this Agreement, any termination of this Agreement by the Company, any extension by the Company of the time for the performance of any of the obligations of Sub or Parent under this Agreement (except as expressly permitted hereunder), any recommendation to stockholders or any modification or withdrawal of any such recommendation, any retention of counsel or other advisors in connection with the transactions contemplated hereby, any required or 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The number and classification of the Board of Directors shall be as set forth in the Charter of the Bank.\nSection 2. No person who has attained the age of seventy-two (72) years shall be nominated for election to the Board of Directors of the Company, provided, however, that this limitation shall not apply to any person who was serving as director of the Company on September 16, 1971.\nSection 3. The class of Directors so elected shall hold office for three years or until their successors are elected and qualified.\nSection 4. The affairs and business of the Company shall be managed and conducted by the Board of Directors.\nSection 5. The Board of Directors shall meet at the principal office of the Company or elsewhere in its discretion at such times to be determined by a majority of its members, or at the call of the Chairman of the Board of Directors or the President.\nSection 6. Special meetings of the Board of Directors may be called at any time by the Chairman of the Board of Directors or by the President, and shall be called upon the written request of a majority of the directors.\nSection 7. A majority of the directors elected and qualified shall be necessary to constitute a quorum for the transaction of business at any meeting of the Board of Directors.\nSection 8. Written notice shall be sent by mail to each director of any special meeting of the Board of Directors, and of any change in the time or place of any regular meeting, stating the time and place of such meeting, which shall be mailed not less than two days before the time of holding such meeting.\nSection 9. In the event of the death, resignation, removal, inability to act, or disqualification of any director, the Board of Directors, although less than a quorum, shall have the right to elect the successor who shall hold office for the remainder of the full term of the class of directors in which the vacancy occurred, and until such director's successor shall have been duly elected and qualified.\nSection 10. The Board of Directors at its first meeting after its election by the stockholders shall appoint an Executive Committee, a Trust Committee, an Audit Committee and a Compensation Committee, and shall elect from its own members a Chairman of the Board of Directors and a President who may be the same person. The Board of Directors shall also elect at such meeting a Secretary and a Treasurer, who may be the same person, may appoint at any time such other committees and elect or appoint such other officers as it may deem advisable. The Board of Directors may also elect at such meeting one or more Associate Directors.\nSection 11. The Board of Directors may at any time remove, with or without cause, any member of any Committee appointed by it or any associate director or officer elected by it and may appoint or elect his successor.\nSection 12. 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theretofore provided Dart with the information with respect to Richfood's Designees required pursuant to Section 14(f) of the Exchange Act, promptly satisfy the Board Percentage by (i) increasing the size of the Board of Directors of Dart, or (ii) securing the resignations of such number of directors as is necessary to enable Richfood's Designees to be elected to the Board of Directors of Dart (and Dart shall use its best efforts to cause the then-remaining members of the Dart's Board of Directors to promptly so elect Richfood's Designees). At the request of Richfood, Dart shall take, at Dart's expense, all lawful action necessary to effect any such election, including, without limitation, mailing to Dart's stockholders the information required by Section 14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder, unless such information has previously been provided to Dart's stockholders in the Schedule 14D-9.\n(b) Following the election or appointment of Richfood's Designees pursuant to this Section 2.4 and prior to the Effective Time of the Merger, any amendment ----------- or termination of this Agreement by Dart, extension for the performance or waiver of the obligations or other acts of Richfood or Merger Subsidiary hereunder by Dart or waiver of Dart's rights hereunder shall require the concurrence of a majority of directors of Dart then in office who are directors on the date hereof and who voted to approve this Agreement; provided, that if there shall be no such directors, such -------- actions may be effected by majority vote of the entire Board of Directors of Dart; and provided, further, that after the approval of this Agreement by the -------- ------- stockholders of Dart, no such amendment, termination, modification or supplement shall reduce or change the Merger Consideration or adversely affect the rights of Dart's stockholders hereunder without the approval of such stockholders.", "samples": [{"hash": "fZzYj18HmSs", "uri": "/contracts/fZzYj18HmSs#directors", "label": "Merger Agreement (Dart Group Corp)", "score": 18.0, "published": true}, {"hash": "dODOhNFwbyH", "uri": "/contracts/dODOhNFwbyH#directors", "label": "Merger Agreement (Richfood Holdings Inc)", "score": 18.0, "published": true}, {"hash": "2CzOZeyYXe6", "uri": "/contracts/2CzOZeyYXe6#directors", "label": "Merger Agreement (Dart Group Corp)", "score": 18.0, "published": true}], "size": 320, "snippet_links": [{"key": "the-purchase", "type": "clause", "offset": [18, 30]}, {"key": "merger-subsidiary", "type": 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