Common use of Director Resignation Clause in Contracts

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.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Enzymotec Ltd.), Agreement and Plan of Merger (Frutarom LTD)

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Director Resignation. Prior to the Closing, except as otherwise may be directed by Parent in writing, the The Company shall obtain resignation letters from each and deliver to Parent at the Closing evidence reasonably satisfactory to Parent of the members of the board of directors of the Company and its Subsidiariesresignation, in each case with the resignation to be effective as of the Effective Time, of those directors of the Company or any Subsidiary of the Company designated by Parent to the Company in writing at least five Business Days prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quality Distribution Inc)

Director Resignation. Prior to the Closing, except as otherwise may be directed agreed by Parent in writingParent, the Company shall obtain resignation letters from each of the members of the board of directors of the Company and its SubsidiariesSubsidiary, in each case with the resignation to be effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (NeuroDerm Ltd.)

Director Resignation. Prior On or prior to the Closing, except as otherwise may be directed by Parent Buyer in writing, the Company Seller shall obtain and deliver to Buyer resignation letters from each of the members of the board of directors of the Company and its SubsidiariesCompany, in each case with the resignation to be effective as of the Effective TimeClosing.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Impax Laboratories Inc)

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Director Resignation. Prior to the Closing, except as otherwise may be directed by Parent in writing, the The Company shall use reasonable best efforts to obtain resignation letters from each of and deliver to Parent at the members of the board of directors of the Company and its SubsidiariesClosing resignations, in each case with the resignation to be effective as of the Effective Time, executed by each of the directors of the Company and each of the wholly owned Company Subsidiaries designated by Parent in writing to the Company not less than five (5) Business Days prior to the Closing (if any).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Navigant Consulting Inc)

Director Resignation. Prior On or prior to the Closing, except as otherwise may be directed by Parent in writingClosing Date, the Company shall obtain the written resignation letters from each of the members of the board of directors of the Company and its SubsidiariesCompany, in each case with the resignation to be effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Accellent Corp.)

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