Company Board of Directors and Officers. The Parties shall take all necessary actions such that, from and after the Closing Date, until successors are duly elected or appointed and qualified in accordance with applicable Law, or until their earlier death, resignation or removal in accordance with the organizational documents of the Company, (i) the directors of the Company and (ii) the officers of the Company shall, in each case, be the same as the directors and officers of the Buyer as set forth under Section 1.06(a) and Section 1.06(b) above.
Company Board of Directors and Officers. Upon consummation of the Merger, the Board of Directors of the Company shall be adjusted in size and membership so that the total number of directors is nine, of which six of the initial members shall be named by PointeCom and three of the initial members shall be named by the Company. In connection with the next two elections of directors of the Company by the shareholders of the Company that occur subsequent to election of the initial Board of Directors as provided in the preceding sentence, the then existing Board of Directors of the Company shall determine the size of the board and a slate of nominees to be submitted to the shareholders of the Company. Of these nominees, a majority of the members of the then existing board who were designated by the Company (or elected to succeed such designees pursuant the procedure described in this sentence) shall have the right to designate three members of such slate of nominees. Prior to Closing, the By-laws (or other appropriate governing instruments) of the Company shall be appropriately amended to reflect these provisions for determining nominees for election to the Board of Directors subsequent to consummation of the Merger.
Company Board of Directors and Officers. The Company shall take all necessary actions so that, from and after the Effective Time, until their successors are duly elected or appointed and qualified in accordance with applicable Law, or until their earlier death, resignation or removal in accordance with the organizational documents of the Company, (i) the directors of the Company immediately prior to the Effective Time shall be the directors of the Surviving Company and (ii) the officers of the Company immediately prior to the Effective Time shall be the officers of the Surviving Company, in each case, as set forth on Section 1.12(c) of the Company Disclosure Schedule.
