Common use of Board of Directors of Surviving Corporation Clause in Contracts

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.

Appears in 2 contracts

Samples: Employment Agreement (Devon Energy Corp/De), Agreement and Plan of Merger (Ocean Energy Inc /Tx/)

AutoNDA by SimpleDocs

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 FiberTower shall tender his or her resignation as a director of the CompanyFiberTower, to be effective at the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (First Avenue Networks Inc)

Board of Directors of Surviving Corporation. The Board of Directors of the Surviving Corporation shall consist of Xxxxxxx X. Brand and Xxxxxx X. Xxxxxx, who shall serve until their successors have been duly elected or appointed and qualify in the Board manner provided in the Certificate of Directors of Merger Sub, as it existed immediately prior to the Effective Time, until changed in accordance with applicable law. Each Incorporation or by-laws of the members of the Board of Directors of the Company shall tender his Surviving Corporation or her as otherwise provided by law, or until their earlier death, resignation as a director of the Company, to be effective at the Effective Timeor removal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Logimetrics Inc)

AutoNDA by SimpleDocs

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 member of the Board of Directors of the Company RIMCO shall tender his or her resignation as a director of the CompanyRIMCO, to be effective at the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Whittier Energy Corp)

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