Parent Management. At the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Parent Charter Documents shall take all necessary action to appoint the officers of Ariston to the similar offices of Parent.
Parent Management. Upon the Closing, the management of Parent shall consist of the individuals (and their corresponding offices) set forth on Exhibit G-1 hereto; provided, however that (a) Parent shall not be obligated to appoint the persons set forth on Exhibit G-2 hereto (each, an “Oceanbulk Management Member”) to the offices set forth on Exhibit G-2 hereto unless each such individual agrees to enter into an employment agreement prior to the Closing Date in a form reasonably acceptable to Parent and such individual and consistent with the terms set forth on Exhibit G-3 that are applicable to such individual, and (b) if any individual on Exhibit G-1 or Exhibit G-2 hereto is unable or unwilling to serve, the Special Committee and the Sellers shall appoint a mutually acceptable initial replacement for such office as of the Closing Date.
Parent Management. At the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Parent Charter Documents shall take all necessary action to appoint the officers of the Company to the similar offices of Parent.
Parent Management. Prior to the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Parent Charter Documents shall take all necessary action to appoint Xxxxxx Xxxxxx as Chairman of the Board of Parent and Xxxxxx X. Xxxxxx as Chief Executive Officer.
Parent Management. Prior to the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Articles of Incorporation and Bylaws of Parent shall take all necessary action to appoint Xxxxxx Xxxxxx, Ph.D. as Chief Executive Officer of Parent and Xxxx X. Xxxxx, Ph.D. as Chief Scientific Officer of Parent. For a period of 18 months after the Closing, any change in the Chief Executive Officer of the Parent will require the majority approval of the Synergy Directors. At the Effective Time the Parent and Xxxxxx Xxxxxx, Ph.D. will enter into an Executive Employment Agreement in the form and substance attached as Exhibit F-1, and at the Effective Time the Parent and Xxxx X. Xxxxx, Ph.D. will enter into an Executive Employment Agreement in the form and substance attached as Exhibit F-2.
Parent Management. At the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Parent Charter Documents shall take all necessary action to appoint the officers of Nile to the similar offices of Parent.
Parent Management. At the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Charter Documents shall take all necessary action to appoint the officers of Tikvah to the similar offices of Parent. At the Effective Time, all officers of Parent shall resign from their offices.
Parent Management. Prior to the Effective Time, the Board of Directors of Parent, in accordance with applicable law and the Parent Charter Documents shall take all necessary action to appoint the officers of Chelsea to the similar offices of Parent.
Parent Management. The Participating Shareholders acknowledge that they have agreed to sell their Shares to Buyer under the terms of this Agreement in substantial part because of the Participating Shareholders' belief that Parent's current management has the ability and vision to continue the profitability of the Company, thereby increasing the value of the payments to be made to the Participating Shareholders under Section 1.3. Accordingly, Parent hereby agrees to use its reasonable efforts to provide for the continuity of Parent's current management until the end of Year 5.
Parent Management. At the Effective Time, the Parent Board, in accordance with applicable law and the Parent Governance Documents shall take all necessary action to appoint the individuals listed on Exhibit 5.6 hereto as the officers of Parent and the Surviving Entity in accordance with such Exhibit.
