Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following the Effective Time.

Appears in 8 contracts

Samples: Amended and Restated Agreement and Plan of Merger (North American Scientific Inc), Agreement and Plan of Reorganization (Ligand Pharmaceuticals Inc), Agreement and Plan of Reorganization (Storage Computer Corp)

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Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following as of the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cubist Pharmaceuticals Inc), Agreement and Plan of Merger (Uluru Inc.), Agreement and Plan of Merger and Reorganization (Activbiotics Inc)

Resignation of Directors and Officers. The directors and officers of the Company Company, in office immediately prior to the Effective Time of the Merger shall have resigned as directors and officers of the Surviving Corporation effective immediately following as of the Effective TimeTime of the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Access Pharmaceuticals Inc), Agreement and Plan of Merger (Access Pharmaceuticals Inc), Agreement and Plan of Merger (Somanta Pharmaceuticals Inc.)

Resignation of Directors and Officers. The Except as set forth in Sections 1.06 and 1.07, the directors and officers of the Company Company, in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following as of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Macrochem Corp), Agreement and Plan of Merger (Access Pharmaceuticals Inc)

Resignation of Directors and Officers. The Company shall cause the directors and officers of the Company in office immediately prior to the First Effective Time shall have resigned to resign as directors and officers officers, as applicable, effective as of the Surviving Corporation effective immediately following the First Effective Time.. 7.8

Appears in 2 contracts

Samples: Agreement and Plan of Mergers (Oddity Tech LTD), Agreement and Plan of Mergers (Oddity Tech LTD)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers officers, as applicable, of the Surviving Corporation Company effective immediately following as of the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (PLX Technology Inc), Agreement and Plan of Reorganization (PLX Technology Inc)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers officers, as applicable, of the Surviving Corporation Company (solely in their capacities as such), effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Micrel Inc)

Resignation of Directors and Officers. The directors and ------------------------------------- officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers officers, as applicable, of the Surviving Corporation Company effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Shareholder Agreement (Digital Island Inc)

Resignation of Directors and Officers. The Company shall cause the directors and officers of the Company and each of its Subsidiaries in office immediately prior to the Effective Time shall have resigned resign as directors and officers officers, as applicable, of the Surviving Corporation Company and each of its Subsidiaries effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Getty Images Inc)

Resignation of Directors and Officers. The Company shall cause the directors and officers of the Company and each Company Subsidiary in office immediately prior to the Effective Time shall have resigned to resign as directors and officers of the Surviving Corporation each such company, effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intercontinental Exchange, Inc.)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors from their positions with the Company and officers executed appropriate releases of the Surviving Corporation Company effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Precise Software Solutions LTD)

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Resignation of Directors and Officers. The directors and officers of the Company and each of its Subsidiaries in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation and such Subsidiary effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Acme Packet Inc)

Resignation of Directors and Officers. The directors and ------------------------------------- officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers and/or officers, as applicable, of the Surviving Corporation effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aristotle Corp)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall will have resigned as directors and officers of the Surviving Corporation Company in writing effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Symyx Technologies Inc)

Resignation of Directors and Officers. The directors and officers of ------------------------------------- the Company in office immediately prior to the Effective Time of the Merger shall have resigned as directors and officers of the Surviving Corporation in writing effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interwoven Inc)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers officers, as applicable, of the Surviving Corporation Company effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Covad Communications Group Inc)

Resignation of Directors and Officers. The directors and officers of the Company and each of its subsidiaries in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation and each of its subsidiaries, respectively, effective immediately following the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Informatica Corp)

Resignation of Directors and Officers. The directors and officers of the Company in office immediately prior to the Effective Time shall will have resigned as directors and officers of the Surviving Corporation in writing effective immediately following as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Saba Software Inc)

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