Common use of Board of Directors and Officers of the Surviving Corporation Clause in Contracts

Board of Directors and Officers of the Surviving Corporation. On and after the Effective Date, the directors and officers of Merger Sub shall be the directors and officers of the Surviving Corporation, until such time as their successors are elected and duly qualified.

Appears in 2 contracts

Samples: Merger Agreement (First Essex Bancorp Inc), Merger Agreement (Sovereign Bancorp Inc)

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Board of Directors and Officers of the Surviving Corporation. On and after At the Effective DateTime, the directors and officers of Merger Sub immediately prior to the Effective Time shall be the directors and officers officers, respectively, of the Surviving Corporation, each to hold office until such time as their respective successors are duly elected and duly qualified, or their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Quepasa Com Inc)

Board of Directors and Officers of the Surviving Corporation. On and after the Effective Date, the The directors and officers of Merger Sub immediately prior to the Effective Time shall be the directors and officers of the Surviving Corporation, until such time as the earlier of their respective resignation or removal or until their respective successors are duly elected and duly qualified, as the case may be. The directors and officers of the Company shall cease to have any powers in respect of the Surviving Corporation at the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Allied Riser Communications Corp)

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Board of Directors and Officers of the Surviving Corporation. On and after At the ------------------------------------------------------------ Effective DateTime, the directors and officers of Merger Sub immediately prior to the Effective Time shall be the directors and officers officers, respectively, of the Surviving Corporation, each to hold office until such time as their respective successors are duly elected and duly qualified, or their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Nexthealth Inc)

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