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

Directors and Officers of Surviving Corporation. (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on Parent’s Board of Directors in accordance with Section 2.9, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles of incorporation and bylaws. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal.

Appears in 3 contracts

Samples: Merger Agreement (IX Acquisition Corp.), Merger Agreement (Aerkomm Inc.), Merger Agreement (BYTE Acquisition Corp.)

AutoNDA by SimpleDocs

Directors and Officers of Surviving Corporation. (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on Parent’s Board of Directors in accordance with Section 2.9, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles certificate of incorporation and bylaws. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal.

Appears in 3 contracts

Samples: Merger Agreement (Trailblazer Merger Corp I), Merger Agreement (CSLM Acquisition Corp.), Merger Agreement (Swiftmerge Acquisition Corp.)

Directors and Officers of Surviving Corporation. (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on Parentthe Company’s Board of Directors as of immediately prior to the Effective Time, other than those directors who have resigned as contemplated by Section 9.2(k), in accordance with Section 2.9, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles of incorporation and bylaws2.8. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal.

Appears in 3 contracts

Samples: Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.), Merger Agreement (Revelstone Capital Acquisition Corp.)

Directors and Officers of Surviving Corporation. 1 (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on ParentPurchaser’s Board of Directors in accordance with Section 2.93.6, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles certificate of incorporation and bylaws. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Global Star Acquisition Inc.)

AutoNDA by SimpleDocs

Directors and Officers of Surviving Corporation. (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on Parent’s Board of Directors in accordance with Section 2.92.8, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles certificate of incorporation and bylaws. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal.

Appears in 1 contract

Samples: Merger Agreement (Viveon Health Acquisition Corp.)

Directors and Officers of Surviving Corporation. (a) At the Effective Time, the initial directors of the Surviving Corporation shall consist of the same persons serving on Parent’s Board of Directors in accordance with Section 2.92.8, and such directors shall hold office until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Corporation’s articles of incorporation and bylaws. (b) At the Effective Time, the officers of the Company shall become the initial officers of the Surviving Corporation and shall hold office until their respective successors are duly elected or appointed and qualified, or until their earlier death, resignation or removal. (c) At the Closing, at least three (3) of the officers of the Surviving Corporation comprising the senior management of the Company shall be United States residents.

Appears in 1 contract

Samples: Merger Agreement (Globalink Investment Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!