Common use of Chairman and Chief Executive Officer Clause in Contracts

Chairman and Chief Executive Officer. (a) At the Effective Time, Xxxxxx Xxxxxxxx shall remain the Chairman and CEO. In the event that Xxxxxx Xxxxxxxx is not the CEO at the Effective Time or ceases to be the CEO at any time during the Specified Period, then Xxx Xxxxxxxx, if he is COO at such time, shall succeed to the position of CEO for the remainder of the Specified Period. During any such period of succession, Xxx Xxxxxxxx shall continue to exercise the powers, rights, functions and responsibilities of the COO in addition to exercising those of the CEO.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (CBS Corp), Agreement and Plan of Merger (Viacom Inc), Agreement and Plan of Merger (CBS Corp)

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