Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. Acquiror shall have received letters of resignation from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 10 contracts

Samples: Agreement and Plan of Merger (Paypal Inc), Agreement and Plan of Merger (Euniverse Inc), Agreement and Plan of Reorganization (PDF Solutions Inc)

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Resignation of Directors and Officers. Acquiror shall have received letters of resignation from each of the The directors and officers of Target and each of the Target Subsidiaries in office immediately prior to the Effective Time, which resignations in each case Time shall be have resigned effective as of the Effective TimeTime and duly executed resignation letters shall have been delivered to Acquiror from each such director and officer.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Covista Communications Inc), Agreement and Plan of Reorganization (Startec Global Communications Corp), Agreement and Plan of Reorganization (Capsule Communications Inc De)

Resignation of Directors and Officers. Acquiror shall have ------------------------------------- received letters of resignation from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Escrow Agreement (Netcentives Inc)

Resignation of Directors and Officers. Acquiror shall have received letters of resignation from each of the directors and officers of Target Target, Pilot and each Subsidiary in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Accrue Software Inc)

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Resignation of Directors and Officers. Acquiror shall have ------------------------------------- received letters of resignation resignations from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netcentives Inc)

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