Certain Resignations. At or prior to the Closing Date, Spinco shall cause each employee of any member of the Remainco Group who will not be employed by any member of the Spinco Group after the Closing Date to be removed, effective not later than the Closing Date, from all boards of directors or similar governing bodies of any member of the Spinco Group on which they serve, and from all positions as officers of any member of the Spinco Group in which they serve.
Appears in 2 contracts
Samples: Separation and Sale Agreement (International Game Technology PLC), Separation and Sale Agreement (Everi Holdings Inc.)
Certain Resignations. At or prior to the Closing Distribution Date, Spinco shall cause each employee of any member of the Remainco Group who will not be employed by any member of the Spinco Group after the Closing Distribution Date to be removed, effective not later than the Closing Distribution Date, from all boards of directors or similar governing bodies of any member of the Spinco Group on which they serve, and from all positions as officers of any member of the Spinco Group in which they serve.. 1.14
Appears in 2 contracts
Samples: Separation and Distribution Agreement (Everi Holdings Inc.), Separation and Distribution Agreement (International Game Technology PLC)
