Common use of Directors of Surviving Bank Clause in Contracts

Directors of Surviving Bank. Immediately after the Effective Time of the Bank Merger, the Board of ----------------------------- Directors of the Surviving Bank shall be comprised of the persons serving as directors of CBB immediately prior to the Effective Time of the Bank Merger. Such persons shall serve until the earlier of the expiration of their term or removal or until their successors are duly elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CVB Financial Corp)

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Directors of Surviving Bank. Immediately after the Effective Time of the Bank Merger, the Board of ----------------------------- Directors of the Surviving Bank shall be comprised of the persons serving as directors of CBB immediately prior to the Effective Time of the Bank Merger. Such persons shall serve until the earlier of the expiration of their term or removal or until their successors are duly elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CVB Financial Corp)

Directors of Surviving Bank. Immediately after the Effective Time of the Bank Second Merger, the Board of ----------------------------- Directors of the ------------------------------ Surviving Bank shall be comprised of the persons serving as directors of CBB immediately prior to the Effective Time of the Bank Merger. Such persons shall serve until the earlier of the their expiration of their term or removal or until their successors are duly elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CVB Financial Corp)

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Directors of Surviving Bank. Immediately after the Effective Time of the Bank Merger, the Board of ----------------------------- Directors of the Surviving Bank shall be comprised of the persons serving as directors of CBB immediately prior to the Effective Time of the Bank Merger, and, subject to the approval of the Board of Directors of CBB, Mr. San Vaccxxx. Such Xxch persons shall serve until the earlier of the their expiration of their term or removal or until their successors are duly elected and qualified.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CVB Financial Corp)

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