Directors’ Resignation Clause Samples
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Directors’ Resignation. The Seller shall procure that all of the Target Company’s current managing directors and supervisory directors, shall resign from their position under the condition precedent of the execution of the Transfer Deed and shall execute a letter of resignation, substantially in the form of the draft attached as Schedule 7.4, on or before the Closing Date.
Directors’ Resignation. The Foundation shall deliver to NELnet at Closing the resignation of each director of NEWCO and Enterprises and the Manager of each member of the Management Committee of LLC, provided that at least two Special Directors shall remain on the Management Committee Board of Directors of LLC at all times, and shall take, or cause to be taken, such action as NELnet may request with respect to changes in directors and officers other than the Special Directors on the date of Closing.
Directors’ Resignation. Letters executed by each of the directors and secretaries of the Group Companies from their offices and employment with the relevant Group Companies, except for the following persons who are not resigning:
5.1 ▇▇▇▇▇ ▇▇▇▇▇; and
Directors’ Resignation. Upon signing of this Agreement, Buyer will simultaneously submit his letter of resignation from the Board of Directors of the Seller.
Directors’ Resignation. At the Closing, the Directors listed in Article 5.1 shall deliver to the Buyer their resignation letter effective as of the Closing Date, of their functions as directors of CARIC MEDIRIS as well as the documents allowing CARIC MEDIRIS to hold immediately a General Shareholders Meeting as set forth in Article 5.1.
Directors’ Resignation. At the time of the completion of any sale, assignment, transfer or other disposition of all of the Shares held by any of the Shareholders, such Shareholder shall procure the resignation of each director and alternate member appointed by it provided it is understood that if the Option is exercised, the party exercising the Option shall be entitled to nominate the same numbers of Directors and alternate Directors as Ernstson is entitled to nominate under this Agreement in addition to the Directors SEFL is entitled to nominate pursuant to section 4.1.
Directors’ Resignation. The Seller shall procure that the CLD Companies’ directors whose names are set out in Schedule 7.5(i) and, upon request of the Purchaser, any other CLD Companies’ Director that is an employee, director or representative of the Seller or one of its Affiliated Companies, shall resign from their position as of the Closing Date and shall execute a letter of resignation, substantially in the form of the draft attached as Schedule 7.5(ii), on or before the Closing Date.
Directors’ Resignation. The Company shall have received letters of resignation addressed to the Company, effective as of a date no later than the Closing Date, from a sufficient number of then-current directors (each in his capacity as such) to create sufficient vacancies on the Board of Directors such that the Investors' Nominees may be elected at the Extraordinary General Shareholders' Meeting for a three-year term commencing on the Closing Date, and the Company shall have delivered copies of such letters to the Investors.
Directors’ Resignation. The written resignation of Andr▇▇ ▇ ▇▇▇▇▇ ▇▇ the agreed form resigning his office as a director of the Company.