Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Softnet Systems Inc), Agreement and Plan of Reorganization (Uproar Inc), Agreement and Plan of Merger and Reorganization (Crossroads Systems Inc)

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Resignation of Directors and Officers. The directors and officers ------------------------------------- of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Kana Communications Inc), Agreement and Plan of Reorganization (Fogdog Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, officers of Target effective as of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Silicon Laboratories Inc), Agreement and Plan of Merger (Cubist Pharmaceuticals Inc)

Resignation of Directors and Officers. The directors and officers of Target in office serving immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, officers of Target effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Entorian Technologies Inc)

Resignation of Directors and Officers. The directors and officers of ------------------------------------- Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Multex Com Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time, and Acquiror shall have received letters of resignation (including waivers of claims against Target) from such persons in form and substance reasonably satisfactory to Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Cisco Systems Inc)

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Resignation of Directors and Officers. The directors and officers -------------------------------------- of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ravisent Technologies Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, officers of Target 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 1 contract

Samples: Agreement and Plan of Reorganization (Telecommunication Systems Inc /Fa/)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time Closing Date shall have resigned as directors and officers, as applicable, of Target effective as of the Effective TimeClosing Date, and Acquiror shall have received letters of resignation (including waivers of claims against Target) from such persons in form and substance reasonably satisfactory to Acquiror.

Appears in 1 contract

Samples: Stock Purchase Agreement (Spyglass Inc)

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