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: Merger Agreement (Leukosite Inc), Agreement and Plan of Reorganization (Ligand Pharmaceuticals Inc), Merger Agreement (Leukosite Inc)

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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: Merger Agreement (Uluru Inc.), Merger Agreement (Cubist Pharmaceuticals Inc), Merger Agreement (Activbiotics 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 of the Surviving Corporation Company effective immediately following the Effective Time.

Appears in 1 contract

Samples: Acquisition Agreement (Cubist Pharmaceuticals 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, unless otherwise provided in separate employment agreements between such individual and Parent.

Appears in 1 contract

Samples: Merger Agreement (Covad Communications Group Inc)

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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 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: Merger Agreement (Endorex Corp)

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