Director Resignation. In the event that the Executive is a member of the Board on the Effective Date of Termination, Executive shall resign from the Board effective on the Effective Date of Termination.
Director Resignation. Any Director may resign at any time by giving written notice to the Board of Directors and the secretary of the Company. The resignation of any Director shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.
Director Resignation. A director of the Company shall have resigned from the Board of Directors effective as of the Closing.
Director Resignation. Prior to the Closing, all of the directors and officers of the Company shall have submitted their resignations to Company to be held in escrow and to become effective at the Closing.
Director Resignation. Prior to the Closing, except as otherwise may be directed by Parent in writing, the Company shall obtain resignation letters from each of the members of the board of directors of the Company and its Subsidiaries, in each case with the resignation to be effective as of the Effective Time.
Director Resignation. The Company shall use reasonable best efforts to obtain the resignation of all of the members of the Company Board who are in office immediately prior to the Effective Time (and to the extent requested by Parent, from any member of the board of directors (or any equivalent) of each Company Subsidiary), which resignations shall be effective at, and contingent upon the occurrence of, the Effective Time.
Director Resignation. On the date hereof, the Director has executed the resignation letter attached hereto as Exhibit A.
Director Resignation. The parties shall have received the resignation of Sxxx Xxxxx from the SIC Board.
Director Resignation. Upon any decrease in the number of directors that an Investor is entitled to designate for nomination to the Board, such Investor will take all reasonably necessary action to cause the appropriate number of such Investor’s Directors to offer to tender their resignation.
Director Resignation. Prior to the Closing, all of the directors and officers of the Company shall have submitted their contingent resignations to Loeb & Loeb to be held in escrow and to become effective at the Closing. All resignations shall contain a statement that each of the directors and officers has no claim whatsoever against the Company. Before the resignations take effect, the resigning directors shall appoint the persons nominated by the Brighton Shareholders to become new directors of the Company.
