Common use of Resignation of Directors and Officers Clause in Contracts

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

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Uproar Inc), Agreement and Plan of Merger (Ods Networks Inc), Agreement and Plan of Merger and Reorganization (Crossroads Systems Inc)

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Resignation of Directors and Officers. The directors and officers of Target and each of the Target Subsidiaries in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective TimeTime and duly executed resignation letters shall have been delivered to Acquiror from each such director and officer.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Startec Global Communications Corp), Agreement and Plan of Reorganization (Covista Communications Inc), Agreement and Plan of Reorganization (Capsule Communications Inc De)

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

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cubist Pharmaceuticals Inc), Agreement and Plan of Reorganization (Silicon Laboratories Inc)

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

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Force10 Networks Inc), Agreement and Plan of Reorganization (Gric Communications Inc)

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

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Fogdog Inc), Agreement and Plan of Reorganization (Kana Communications Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, officers of Target effective as of the Effective TimeTime and duly executed resignation letters shall have been delivered to Acquiror from each such director and officer.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Telecommunication Systems Inc /Fa/)

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

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Multex Com Inc)

Resignation of Directors and Officers. The written resignation of all directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Silicon Laboratories Inc)

Resignation of Directors and Officers. The Target shall use reasonable efforts to obtain the resignation, as of the Effective Time, of the directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as officers of the Effective TimeSurviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Vialta Inc)

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

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ravisent Technologies Inc)

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Resignation of Directors and Officers. The written resignation of all directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time.;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Staktek Holdings Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time Closing shall have resigned as directors and and/or officers, as applicable, of Target effective as of the Effective TimeClosing Date, and Acquiror shall have received letters of resignation (including waivers of claims against Target) from such persons in form and substance satisfactory to Acquiror.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cisco Systems Inc)

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

Appears in 1 contract

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

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time Closing Date shall have resigned as directors and officers, as applicable, of Target effective as of the Effective TimeClosing Date, and Acquiror shall have received letters of resignation (including waivers of claims against Target) from such persons in form and substance reasonably satisfactory to Acquiror.

Appears in 1 contract

Samples: Stock Purchase Agreement (Spyglass Inc)

Resignation of Directors and Officers. The directors and officers of Target in office immediately prior to the Effective Time shall have resigned as directors and officers, as applicable, of Target effective as of the Effective Time, and Acquiror shall have received letters of resignation (including waivers of claims against Target) from such persons in form and substance reasonably satisfactory to Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Cisco Systems Inc)

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