Common use of Election to Parent's Board of Directors Clause in Contracts

Election to Parent's Board of Directors. At the Effective Time of the Merger, Parent shall promptly increase the size of its Board of Directors in order to cause Xx. Xxxxxxx X. Poulos to be appointed to Parent's board of directors and, subject to fiduciary obligations under applicable law, shall use its best efforts to cause Xx. Xxxxxxx X. Poulos to be elected as a director of Parent at the first annual meeting of stockholders of Parent with a proxy mailing date after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (American General Corp /Tx/), Agreement and Plan of Merger (Western National Corp)

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Election to Parent's Board of Directors. At Promptly after the Effective Time of the MergerTime, Parent shall promptly increase the size of its Board board of Directors directors in order to cause Xx. Xxxx Xxxxxx and Xxxx Xxxxxxx X. Poulos to be appointed to Parent's ’s board of directors at such time and, subject to fiduciary obligations under applicable lawLaw, shall use its best efforts to cause Xx. Xxxx Xxxxxx and Xxxx Xxxxxxx X. Poulos to be elected as a director to the board of directors of Parent at the first annual meeting of stockholders of Parent with a proxy mailing date after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Tesoro Corp /New/), Agreement and Plan of Merger (Western Refining, Inc.)

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Election to Parent's Board of Directors. At Promptly after the Effective Time of the MergerTime, Parent shall promptly increase the size of its the Parent Board of Directors in order to cause Xx. Xxxxxxx X. Poulos one current member of the Company Board, who shall be determined by mutual agreement of the Company Board and the Parent Board, to be appointed to Parent's board of directors the Parent Board at such time and, subject to fiduciary obligations under applicable law, shall use its reasonable best efforts to cause Xx. Xxxxxxx X. Poulos such individual to be elected as a director of Parent at the first annual meeting of stockholders shareholders of Parent with a proxy mailing date after the Effective Time.

Appears in 1 contract

Samples: Shareholder Agreement (Centennial Bank Holdings, Inc.)

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