Common use of Post-Merger Operations Clause in Contracts

Post-Merger Operations. Following the Effective Time, the Company shall conduct its operations or take such action in accordance with the following: (a) the Company shall maintain its headquarters in Madison, Wisconsin, but this location will be evaluated over time as future business needs dictate. (b) during the three-year period following the Effective Time, Utilities, WP&LC, and Interstate shall maintain their separate corporate existences and shall maintain their headquarters in their present locations of Cedar Rapids, Iowa, Madison, Wisconsin and Dubuque, Iowa, respectively; (c) immediately following the Effective Time, the Company shall cause the IES nonregulated holding company to merge with and into the WPL nonregulated holding company, with the WPL nonregulated holding company being the surviving corporation (the combined company is herein referred to as the "Nonregulated Company"); and (d) during the five-year period following the Effective Time or for such shorter period as the following entities maintain their separate corporate existences, the Company shall use its best efforts to insure that the composition of the Board of Directors of each of Utilities, WP&LC and Interstate and Nonregulated Company will be identical to the composition of the Board of Directors of the Company.