Common use of Manager and Officers Clause in Contracts

Manager and Officers. At the Step Two Effective Time, the manager of the LLC immediately prior to the Effective Time shall be the manager of the Surviving Company, and the officers of the LLC immediately prior to the Step Two Merger Effective Time, shall be the officers of the Surviving Company, in each case until their respective successors are duly elected or appointed and qualified.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Intersil Corp/De), Agreement and Plan of Merger (Intersil Corp/De), Defined Term   Section (Ask Jeeves Inc)

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Manager and Officers. At the Step Two Merger Effective Time, the manager of the LLC immediately prior to the Effective Time shall be the initial manager of the Surviving Company, to hold its position in accordance with the Certificate of Formation and the Operating Agreement of the Surviving Company. At the Step Two Merger Effective Time, the officers of the LLC immediately prior to the Step Two Merger Effective Time, Time shall be the initial officers of the Surviving Company, in each case until their respective successors are duly elected or appointed and qualifiedappointed.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Alphasmart Inc), Agreement and Plan of Merger and Reorganization (Renaissance Learning Inc), Agreement and Plan of Merger and Reorganization (Renaissance Learning Inc)

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