Board of Directors of Surviving Corporation. (a) As of the Effective Time, the number of directors of Xxxxxxx shall be fixed at nine (9). As of the Effective Time, four (4) of the directors of Xxxxxxx shall be Xxxxxx X. Xxxxxxx, Xxxxxx X. Xxxxx III, Xxxxx X. Xxxxxx and Xxxxx X. Xxxxxxxxxxx (the foregoing four (4) individuals being referred to herein collectively as the "Xxxxxxx Designees"). As of the Effective Time, the remaining five (5) directors of Xxxxxxx shall be Xxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xxxxxxx X. Xxxx and Xxxxxx X. Xxxxxxxx and one (1) individual (the "Independent Director") designated by RMSI prior to the Effective Time who shall not be an employee of either RMSI or Xxxxxxx and shall otherwise be reasonably acceptable to Xxxxxxx (the foregoing five (5) individuals being referred to herein collectively as the "RMSI Designees").
Board of Directors of Surviving Corporation. The Board of Directors of the Surviving Corporation shall consist of the Board of Directors of Merger Sub, as it existed immediately prior to the Effective Time, until changed in accordance with applicable law. Each of the members of the Board of Directors of the Company shall tender his or her resignation as a director of the Company, to be effective at the Effective Time.
Board of Directors of Surviving Corporation. At the Effective Time, each of the persons listed on Schedule C attached hereto shall be elected to the Board of Directors of the Surviving Corporation; provided that, New Holdco may, in its sole discretion, designate a member of the Company's Board of Directors (a "Company Nominee") to join the Board of Directors of the Surviving Corporation at the Effective Time. In the event that New Holdco designates a Company Nominee, and the Company Nominee agrees to serve on the Board of Directors of the Surviving Corporation, the Surviving Corporation shall take all actions necessary and appropriate to appoint the Company Nominee to the Board of Directors of the Surviving Corporation as of the Effective Time, including, without limitation, expanding the size of its Board of Directors by one (1) seat or causing one of its directors to resign as of the Effective Time.
Board of Directors of Surviving Corporation. At the Effective Time, the directors of the Surviving Corporation shall be comprised of the directors of Merger Sub.
Board of Directors of Surviving Corporation. The directors of MBI immediately prior to the Effective Time shall be, from and after the Effective Time, the directors of the Surviving Corporation until their respective successors shall have been elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation's Articles of Incorporation and Bylaws.
Board of Directors of Surviving Corporation. The directors and officers of World Explorer immediately prior to the Effective Time shall be the directors and officers of the Surviving Corporation from and after the Effective Time, in each case, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.
Board of Directors of Surviving Corporation. At the Effective Time and continuing thereafter, the members of the Board of Directors of Newco immediately prior to the Effective Time shall be the members of the Board of Directors of the Surviving Corporation until such board may be changed or reconstituted as provided by the Articles of Incorporation or Bylaws of the Surviving Corporation, or by law.
Board of Directors of Surviving Corporation. Immediately after the Closing, the board of directors of the Surviving Corporation will consist of four (4) directors, who shall be Nxxxxxxx Xxxxx, Mxxx Xxxxxx, Wxxxxxx Xxxxxxx, and Jxxxxx Xxxxxx.
Board of Directors of Surviving Corporation. At the Effective Time, Xxxxx Xxxxxxx shall be elected as the sole director of Surviving Corporation, to serve until the earlier of his removal or resignation.
Board of Directors of Surviving Corporation. At the Effective Time, the Board of Directors of the Surviving Corporation shall consist of the individuals who will be listed on Schedule 1.6, which will be provided by Company at least two business days prior to Closing, until changed in accordance with applicable law. Each of the current members of the Board of Directors of the Company shall tender his or her resignation as a director of the Company, to be effective at the Effective Time.
