New Directors and Officers. At closing the purchase of Licensee's stock, any election of a new board of directors and officers of Licensee will not cause the cancellation, beach, acceleration, or any other material adverse change in terms of any contract or agreement to which Licensee is bound.
New Directors and Officers. Pubco shall deliver to the Company evidence of appointment of those new directors and officers as further described in Section 1.05, Section 3.03 and Section 4.05, respectively. Pubco shall have delivered to each new director an executed indemnification agreement in substantially the form attached hereto as Exhibit B. Pubco shall also have delivered to the Company a letter of resignation executed by the Pubco directors and officers set forth on Schedule 1.05 to be effective on or before the Closing Date.
New Directors and Officers. As of the Closing, XxXxxx and Xxxxxxxx, the current directors of Budget, shall have tendered their resignations, in writing, to Budget and two (2) nominees of XxXxxxxx shall have been elected or appointed in their place.
New Directors and Officers. (a) Effective as of the Closing, the directors and officers of the Resulting Issuer will consist of: Xxx Xxxxxx President, Chief Executive Officer and Director Xxxxx Xxxxx Director Xxx Xxxxx Director Xxxxx Xxxxxxxxx Director Xxxxxx Xxxxxx Chief Financial Officer and Corporate Secretary or such other persons as the Issuer and 226 may mutually agree.
New Directors and Officers. (a) Effective as of the Time of Closing and subject to prior Exchange approval, the directors and officers of the Resulting Issuer will consist of: Xxxxxx Xxxxx President, Chief Executive Officer and Director Xxxx Xxxxxxx Director Xxxxxxx Xxxxxxxxxxxx Director Xxxx Xxxxxx Director, CFO and Corporate Secretary Xxxx Xxxxx Director Xxxxxx Xxxxxxx Chief Operating Officer - Israel or such other persons as the Issuer and Xxxxxxxx may mutually agree. The parties agree that prior to Closing, Xxxxxxxx and the Issuer will determine one additional independent director of the Resulting Issuer, subject to Exchange approval.
New Directors and Officers. At the Closing, the Stockholders shall deliver to SmarTalk written resignations of all of the directors and officers of the Company. On the date of Closing, the Stockholders shall cause a meeting of the Board of Directors of the Company to be held upon due notice or waiver thereof, at which the resignations of the respective officers and directors of the Company shall be accepted, effective immediately, and the vacancies created by such resignations thereupon shall be filled by the persons designated by SmarTalk.
New Directors and Officers. Pubco shall also have delivered to the Company letters of resignation executed by each of the Pubco directors and officers set forth on Schedule 1.05, to be effective on or before the Closing Date, and evidence of appointment of those new directors and officers set forth on Schedule 1.05.
New Directors and Officers. Pubco shall deliver to the Company evidence of appointment of those new directors as further described in Section 1.05 and Section 4.05
New Directors and Officers. (a) Effective as of the Closing and subject to prior Exchange approval, the directors and officers of the Resulting Issuer will consist of:
New Directors and Officers. APGR shall have delivered to Q2P evidence of the resignation of the directors and officers of APGR set forth in Schedule 1.04(a)(i) and the of the appointment of those individuals set forth in Schedule 1.04(a)(ii);
