Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. Acquiror shall have received letters of resignation from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 10 contracts

Samples: Agreement and Plan of Merger (Ellie Mae Inc), Merger Agreement (Euniverse Inc), Merger Agreement (Paypal Inc)

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Resignation of Directors and Officers. Acquiror shall have ------------------------------------- received letters of resignation resignations from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netcentives Inc)

Resignation of Directors and Officers. Acquiror shall have received letters of resignation from each of the directors and officers of Target Target, Pilot and each Subsidiary in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Accrue Software Inc)

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Resignation of Directors and Officers. Acquiror shall have ------------------------------------- received letters of resignation from each of the directors and officers of Target in office immediately prior to the Effective Time, which resignations in each case shall be effective as of the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Netcentives Inc)

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