Common use of Directors and Officers of the Surviving Bank Clause in Contracts

Directors and Officers of the Surviving Bank. The directors and officers of Acquirer Bank shall be the directors and officers of the Surviving Bank without change in title or authority, but subject to the authority and power of the board of directors and shareholder of the Surviving Bank to add directors or officers to or otherwise modify the board of directors or number, titles and authority of the officers of the Surviving Bank.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Hope Bancorp Inc), Agreement and Plan of Merger (BBCN Bancorp Inc), Agreement and Plan of Merger (BBCN Bancorp Inc)

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Directors and Officers of the Surviving Bank. The directors and officers of Acquirer Bank shall be the directors and officers of the Surviving Bank without change in title or authority, but subject to the authority and power of the board of directors and shareholder stockholder of the Surviving Bank to add directors or officers to or otherwise modify the board of directors or number, titles and authority of the officers of the Surviving Bank.

Appears in 1 contract

Samples: Agreement and Plan of Merger (BBCN Bancorp Inc)

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