Officers Remaining Clause Samples

The "Officers Remaining" clause defines the status and authority of company officers who continue in their roles after certain events, such as a merger, acquisition, or organizational restructuring. Typically, this clause outlines which officers retain their positions, the conditions under which they may continue to serve, and any limitations or changes to their powers or responsibilities. For example, it may specify that only officers not subject to removal or resignation will remain in office, or that certain roles are automatically vacated. The core function of this clause is to ensure continuity and clarity in company leadership during transitions, preventing confusion or disputes about who holds authority.
Officers Remaining. When an Officer remains on the payroll during the seasonal slowdown, the Company will continue his wages and benefits as per Article The Company further agrees that such Officers shall be given all intermittent work, and upon re-opening of the season shall be given the first opportunity to resume work.
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Related to Officers Remaining

  • Officer’s Compliance Certificates As soon as practicable (and in any event within 60 days after the close of each of the first three quarters of its fiscal year and within 120 days after the close of each fiscal year), a statement signed by one of the Parent’s financial officers substantially in the form of Exhibit M (commencing with the fiscal quarter ending September 30, 2014) and such other information as the Facility Agent may reasonably request;

  • Officers of Surviving Corporation The officers of the Company at the Effective Time shall, from and after the Effective Time, be the officers of the Surviving Corporation until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Surviving Charter and the Surviving By-Laws.

  • Officers of the Surviving Corporation The officers of the Company immediately prior to the Effective Time shall be the initial officers of the Surviving Corporation, each to hold office until the earlier of their resignation or removal or until their respective successors are duly elected and qualified, as the case may be.

  • Officer’s Certificate of the Company The Company shall have delivered to such Purchaser an Officer’s Certificate, dated the Closing Date, certifying that the conditions specified in Sections 4.1, 4.2 and 4.9 have been fulfilled.

  • Officer’s Compliance Certificate At each time financial statements are delivered pursuant to Sections 7.1(a) or (b) and at such other times as the Administrative Agent shall reasonably request, an Officer’s Compliance Certificate.