Common use of Newco Clause in Contracts

Newco. The parties hereto shall take all actions necessary so that immediately after the Effective Time, the directors and officers of the Company immediately prior to the Effective Time shall be the directors and officers of NewCo immediately after the Effective Time, each to hold office in accordance with the Certificate of Incorporation and Bylaws of NewCo until their respective successors are duly elected or appointed and qualified or until their earlier death, resignation or removal.

Appears in 5 contracts

Samples: Transaction Agreement (Monster Beverage Corp), Distribution Agreement (New Laser Corp), Stock Restriction Agreement (CytoDyn Inc.)

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