Parent Board of Directors. At or before the Effective Time, the Board of Directors of Parent will take all action necessary to expand the size of the Parent Board of Directors by five directors and to:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Destia Communications Inc), Agreement and Plan of Merger (Viatel Inc)
Parent Board of Directors. At or before Parent shall have taken all actions necessary so that effective as of the Effective Time, Time (i) the size of the Board of Directors of Parent will take all action necessary shall be increased from five to expand eight directors and (ii) the Company Designees shall be elected as members of the Board of Directors of Parent filling the three vacancies created by the increase in the size of the Parent Board of Directors by five directors Directors, to serve until the next annual meeting of the stockholders of Parent and to:until their successors are duly elected and qualified or their earlier death, resignation or removal.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sabra Health Care REIT, Inc.), Agreement and Plan of Merger (Care Capital Properties, Inc.)
