Common use of Directors and Officers of Surviving Corporation Clause in Contracts

Directors and Officers of Surviving Corporation. The directors of Newco immediately prior to the Effective Time will be the initial directors of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualified.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (American Greetings Corp), Agreement and Plan of Merger (Artistic Greetings Inc), Agreement and Plan of Merger (Artistic Greetings Inc)

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Directors and Officers of Surviving Corporation. (i) The directors of Newco immediately prior to at the Effective Time will which shall be Xxx Xxxxx, Xxxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxx Xxxxx shall be the initial directors of the Surviving Corporation and shall hold office from the Effective Time until their respective successors are duly elected or appointed and qualify in the manner provided in the Articles of Incorporation and Bylaws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 2 contracts

Samples: Merger Agreement (Appnet Systems Inc), Merger Agreement (Appnet Systems Inc)

Directors and Officers of Surviving Corporation. (i) The directors of Newco immediately prior to at the Effective Time will shall be the initial directors of the Surviving Corporation and shall hold office from the Effective Time until their respective successors are duly elected or appointed and qualify in the manner provided in the Articles of Incorporation and Bylaws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement and Plan of Merger (Global Imaging Systems Inc)

Directors and Officers of Surviving Corporation. (a) The directors of Newco immediately prior to at the Effective Time will shall be the initial directors of the Surviving Corporation and shall hold office from the Effective Time until their respective successors are duly elected or appointed and qualify in the manner provided in the Articles of Incorporation and Bylaws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Global Imaging Systems Inc)

Directors and Officers of Surviving Corporation. The directors of Newco immediately prior to the Effective Time will be be, from and after the initial Effective Time, the directors of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be be, from and after the initial Effective Time, the officers of the Surviving Corporation, in each case until their successors are elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Atlantic Tele Network Inc /De)

Directors and Officers of Surviving Corporation. (I) The directors of Newco immediately prior to at the Effective Time will shall be the initial directors of the Surviving Corporation and shall hold office from the Effective Time until their respective successors are duly elected or appointed and qualify in the manner provided in the Certificate of Incorporation and Bylaws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Answer Think Consulting Group Inc)

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Directors and Officers of Surviving Corporation. The directors and officers of Newco immediately prior to the Effective Time will be shall become, from and after the initial Effective Time, the directors and officers of the Surviving Corporation and shall serve in accordance with the articles of incorporation and by-laws of the Surviving Corporation until his/her successor has been duly elected or appointed and qualified or until his/her earlier death, resignation or removal in accordance with the articles of incorporation and the by-laws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Norwood Promotional Products Inc)

Directors and Officers of Surviving Corporation. The directors and officers of Newco immediately prior to the Effective Time will be the initial directors and officers of the Surviving Corporation, and each shall hold office from the officers Closing Date until such time as his successor is duly elected or appointed and qualified in the manner provided in the Articles of the Company immediately prior to the Effective Time will be the initial officers Incorporation and Bylaws of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 1 contract

Samples: Stock Exchange Agreement (U S Technologies Inc)

Directors and Officers of Surviving Corporation. (i) The directors of Newco immediately prior to at the Effective Time will shall be the initial directors of the Surviving Corporation and shall hold office from the Effective Time until their respective successors are duly elected or appointed and qualify in the manner provided in the Certificate of Incorporation and Bylaws of the Surviving Corporation, and the officers of the Company immediately prior to the Effective Time will be the initial officers of the Surviving Corporation, in each case until their successors are elected and qualifiedor as otherwise provided by law.

Appears in 1 contract

Samples: Merger Agreement (Appnet Systems Inc)

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