Common use of Directors and Executive Officers of the Surviving Company Clause in Contracts

Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company immediately after the Merger shall be (i) the directors of FNB immediately prior to the Merger, and (ii) one current member of MBI’s Board of Directors as mutually agreed by FNB and MBI (the “MBI Designee”). The MBI Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective Time. The executive officers of the Surviving Company immediately after the Merger shall be the executive officers of FNB immediately prior to the Merger.

Appears in 3 contracts

Samples: Merger Agreement (FNB Corp/Fl/), Merger Agreement, Merger Agreement (Metro Bancorp, Inc.)

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Directors and Executive Officers of the Surviving Company. The directors of the Surviving Company at and immediately after the Merger Effective Time shall be (i) the directors of FNB immediately prior to the Merger, and (ii) one (1) current member of MBIYDKN’s Board of Directors as mutually agreed designated by FNB and MBI in consultation with YDKN (the “MBI YDKN Designee”). The MBI YDKN Designee will have a term expiring at the first annual meeting of FNB shareholders following the Effective Time. The executive officers of the Surviving Company at and immediately after the Merger Effective Time shall be the executive officers of FNB immediately prior to the Merger.

Appears in 2 contracts

Samples: Merger Agreement (FNB Corp/Fl/), Merger Agreement (YADKIN FINANCIAL Corp)

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