Common use of Director and Officer Resignations Clause in Contracts

Director and Officer Resignations. At the request of Parent, the Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and from each of the directors and officers of each Subsidiary that will be effective as of immediately prior to, and contingent upon, the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sourcefire Inc)

AutoNDA by SimpleDocs

Director and Officer Resignations. At the request of Parent, the The Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and from each of the directors and officers of each Subsidiary of the Company that will be effective as of immediately prior to, and contingent upon, the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Transmeta Corp)

Director and Officer Resignations. At the request of Parent, the The Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and from each of the directors and officers of each Subsidiary of the Company's Subsidiaries that will be effective as of immediately prior to, and contingent upon, to the Effective Time; provided that such resignation shall not affect any change of control rights to which such directors or officers may be entitled to and shall not change such directors' and officers' status, if applicable, as an employee of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Synplicity Inc)

Director and Officer Resignations. At the request of Parent, the The Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and from each of the directors and officers of each Subsidiary of its Subsidiaries that will be effective as of immediately prior to, and contingent upon, to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Scientific Atlanta Inc)

Director and Officer Resignations. At Company will have procured and delivered to Purchaser the request written resignations of Parent, the Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and executive officers of the Company and from each the Company Subsidiaries in form and substance reasonably acceptable to Purchaser (none of which resignations will prejudice or limit any rights such persons would otherwise have under any contract or benefit plan of the directors and officers of each Subsidiary that will be effective as of immediately prior to, and contingent upon, the Effective Time.Company or any Company Subsidiary); and

Appears in 1 contract

Samples: Agreement and Plan of Merger (Laurel Capital Group Inc)

AutoNDA by SimpleDocs

Director and Officer Resignations. At the request of Parent, the The Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and and, if requested by Parent, from each of the directors and officers of each Subsidiary that will be effective as of immediately prior to, and contingent upon, the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Insight Corp)

Director and Officer Resignations. At the request of Unless otherwise directed by Parent, the Company shall use its commercially reasonable efforts to obtain a written letter of resignation from each of the directors and officers of the Company and from each of the directors and officers of each Subsidiary that will be effective as of immediately prior to, and contingent upon, before the Effective Time; provided that such resignation shall not affect any change of control rights to which such directors or officers may be entitled to and shall not change such directors’ and officers’ status, if applicable, as an employee of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Virage Logic Corp)

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