Board of Directors of Parent. As of the Effective Time, the board of directors of Parent shall be the Board of Directors in office prior to the Effective Time, plus one (1) designee of the Company. The directors in office shall hold office in accordance with the Certificate of Incorporation and Bylaws of the Parent until his or her respective successor(s) is (are) duly elected or appointed and qualified. The designee of the Company to the Board of Directors of Parent shall not serve after the 1999 Annual Meeting of Stockholders of Parent unless such designee is nominated by the Nominating Committee of the Board of Directors of Parent. The board of directors of the Parent shall elect the officers of the Parent.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Saratoga Beverage Group Inc), Merger Agreement (Saratoga Beverage Group Inc), Restated Agreement and Plan of Merger (Saratoga Beverage Group Inc)
