Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. Each of the existing Directors and Officers of the Company shall agree to resign and provide their resignations as Directors and Officers to the Purchaser, upon request.

Appears in 2 contracts

Samples: Share Sale and Contribution Agreement (Fuelnation Inc), Share Sale and Contribution Agreement (Regenesis Holdings Inc)

AutoNDA by SimpleDocs

Resignation of Directors and Officers. Each To the extent requested by Purchaser, each of the existing Directors directors and Officers officers of the Company Companies shall agree to resign and provide their resignations resign, effective as Directors and Officers to of the Purchaser, upon requestClosing.

Appears in 2 contracts

Samples: Acquisition Agreement (Packaging Dynamics Corp), Acquisition Agreement (Packaging Dynamics Corp)

Resignation of Directors and Officers. Each The Company shall have delivered to Buyer the written resignation of the existing Directors each director and Officers officer of the Company shall agree and, if requested by Buyer, each Company Subsidiary to resign and provide their resignations be effective as Directors and Officers to of the Purchaser, upon requestClosing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (RLJ Acquisition, Inc.)

Resignation of Directors and Officers. Each of the existing Directors The directors and Officers officers of the Company and each of its Subsidiaries shall agree to resign have resigned as directors and provide their resignations officers of the Company and such Subsidiary, as Directors and Officers to the Purchaser, upon requestapplicable.

Appears in 1 contract

Samples: Share Contribution Agreement (Omneon, Inc.)

Resignation of Directors and Officers. Each of the existing Directors The directors and Officers officers of the Company and its Subsidiaries shall agree to resign and provide have resigned from their resignations as Directors and Officers positions with such companies to the Purchaser, extent required by the Acquiror upon requestnotice by the Acquiror to the Company and the Seller prior to the Closing and such resigned directors and officers shall have executed and delivered to the Acquiror appropriate releases of the Company and its Subsidiaries effective as of the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Mercury Air Group Inc)

Resignation of Directors and Officers. Each The Company shall have delivered to Buyer the resignations of all officers and directors of the existing Directors and Officers of the Company shall agree to resign and provide their resignations as Directors and Officers to the Purchaser, upon requestCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Grey Wolf Inc)

Resignation of Directors and Officers. Each of The Company shall cause the existing Directors directors, officers and Officers secretary of the Company shall agree and each of its Subsidiaries to resign from such position as director, officer and/or secretary with effect as of the Closing and provide their resignations as Directors and Officers to confirm that no outstanding amount or indemnity or compensation remains or will be due to them by the Purchaser, upon requestCompany in connection with such position or resignation.

Appears in 1 contract

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

AutoNDA by SimpleDocs

Resignation of Directors and Officers. Each The Company shall cause each of the existing member of the Company’s Board of Directors and Officers each officer of the Company shall agree to resign execute a resignation and provide their resignations release letter with respect to all officer and director positions that they may hold, in the forms attached hereto as Directors and Officers to Exhibit D, effective as of the Purchaser, upon requestClosing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quantum Corp /De/)

Resignation of Directors and Officers. Each of the existing Directors director and Officers officer of the Company and its Subsidiaries shall agree to resign and provide their resignations as Directors and Officers to the Purchaser, upon requesthis/her position effective at Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vintage Petroleum Inc)

Resignation of Directors and Officers. Each All members of the existing Directors board of directors and Officers officers of the Company shall will have submitted their written resignations, unless Buyer and any such director or officer agree to resign and provide their resignations as Directors and Officers to the Purchaser, upon requestsuch director or officer remaining in office.

Appears in 1 contract

Samples: Stock Purchase Agreement (Century Aluminum Co)

Resignation of Directors and Officers. Each of the existing Directors Officer and Officers Director of the Company will have resigned in writing, and shall agree to resign and provide their resignations as Directors and Officers to have appointed nominees selected by the Purchaser, upon requestBuyer in those capacities.

Appears in 1 contract

Samples: Stock Purchase Agreement (Holiday Rv Superstores Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.