Common use of Directors of Surviving Entity Clause in Contracts

Directors of Surviving Entity. The directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Entity as of the Effective Time, until their successors shall be elected and qualified or their earlier death, resignation or removal in accordance with the certificate of incorporation and bylaws of the Surviving Entity.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Cliffs Drilling Co), Agreement and Plan of Merger (R&b Falcon Corp), Agreement and Plan of Merger (R&b Falcon Corp)

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Directors of Surviving Entity. The At the Effective Time, the Board of Directors of the Surviving Entity shall be comprised of the Persons serving as directors of the Merger Sub immediately prior to the Effective Time Time. Such Persons shall be serve until the directors earlier of the Surviving Entity as of the Effective Time, until their successors shall be elected and qualified or their earlier death, resignation or removal in accordance with the certificate of incorporation or until their respective successors are duly elected and bylaws of the Surviving Entityqualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

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