Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. The Company shall obtain and deliver to Parent prior to the Closing Date (to be effective as of the Effective Time) the resignation of each officer and director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less than seven Business Days prior to the Closing Date.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Rent Way Inc), Agreement and Plan of Merger (Rent a Center Inc De)

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Resignation of Directors and Officers. The To the extent requested by Parent in writing at least five (5) Business Days prior to the Closing Date, the Company shall use its commercially reasonable efforts to obtain and deliver to Parent prior to at the Closing Date (Closing, to be effective as of the Effective Time) the resignation Closing, duly signed resignations of each officer and director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less than seven Business Days prior to the Closing Datedesignated by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tyco International LTD /Ber/), Agreement and Plan of Merger (Brink's Home Security Holdings, Inc.)

Resignation of Directors and Officers. The To the extent requested by Parent in writing at least five Business Days prior to the Closing Date, the Company shall use its reasonable good faith efforts to obtain and deliver to Parent prior to at the Closing Date (Closing, to be effective as of the Effective Time) the resignation , duly signed resignations of each officer and director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less than seven Business Days prior to the Closing Datedesignated by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Zygo Corp), Agreement and Plan of Merger and Reorganization (Electro Scientific Industries Inc)

Resignation of Directors and Officers. The Prior to the Effective Time, Company shall obtain and use its reasonable best efforts to deliver to Parent prior to the Closing Date (to be effective as resignations of the Effective Time) the resignation such directors and officers of each officer Company and director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less than seven Business Days at least ten (10) business days prior to the Closing DateClosing, in each case effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (America Service Group Inc /De)

Resignation of Directors and Officers. The Prior to the Effective Time, the Company shall obtain and use its best efforts to deliver to Parent prior to the Closing Date (to be effective as resignations of the Effective Time) the resignation of each officer such directors and director officers of the Company and each of its the Company Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less than seven at least ten Business Days prior to the Closing DateClosing, effective at the Effective Time.

Appears in 1 contract

Samples: Lock Up Agreement (Secure Computing Corp)

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Resignation of Directors and Officers. The Company shall obtain and deliver to Parent prior to the Closing Date (to be effective as of the Effective Time) the resignation of each officer and director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employeesEmployees) as Parent shall specify not less than seven two Business Days prior to the Closing Date.

Appears in 1 contract

Samples: Employment Agreement (Zevex International Inc)

Resignation of Directors and Officers. The Company shall obtain and deliver to Parent prior to the Closing Date (to be duly executed resignations, effective as of the Effective Time) the resignation , of each officer such directors and director officers of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify not less request in writing no later than seven two Business Days prior to the Closing Date.. ARTICLE SEVEN

Appears in 1 contract

Samples: Agreement and Plan of Merger (Infocus Corp)

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