Board Appointee. Effective as of the Closing Date, the designees of the Purchaser shall have been elected to the Board and the current directors of the Company shall have resigned, but so that a properly constituted board of directors is in existence at all times.
Appears in 7 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (CDC Software CORP), Stock Purchase Agreement (CDC Corp)
Board Appointee. Effective as of the Closing Date, the designees of the Purchaser shall have been elected to the Board and the current directors of the Company . Xxxxxx Xxxxxxxxxxxxxxx shall have resigned, but so that a properly constituted board of directors is in existence at all times.
Appears in 1 contract
Samples: Stock Purchase Agreement (CDC Corp)
