Common use of Resignation of Directors and Officers Clause in Contracts

Resignation of Directors and Officers. Prior to the Effective Time, Company shall use its best efforts to deliver to Parent the resignations of such directors and officers of Company and its Subsidiaries as Parent shall specify at least ten business days prior to the Closing, effective at the Effective Time.

Appears in 3 contracts

Samples: Merger Agreement (Quepasa Corp), Merger Agreement (Secure Computing Corp), Merger Agreement (Cyberguard Corp)

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Resignation of Directors and Officers. Prior To the extent requested by Parent in writing at least five Business Days prior to the Closing Date, the Company shall use its reasonable good faith efforts to obtain and deliver to Parent at the Closing, to be effective as of the Effective Time, Company shall use its best efforts to deliver to Parent the duly signed resignations of such directors each officer and officers director of the Company and its Subsidiaries as Parent shall specify at least ten business days prior to the Closing, effective at the Effective Timedesignated by Parent.

Appears in 2 contracts

Samples: Merger Agreement (Electro Scientific Industries Inc), Merger Agreement (Zygo Corp)

Resignation of Directors and Officers. Prior The Company shall obtain and deliver to Parent prior to the Closing Date (to be effective as of the Effective Time, Company shall use its best efforts to deliver to Parent ) the resignations resignation of such directors each officer and officers director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as employees) as Parent shall specify at least ten business days not less than seven Business Days prior to the Closing, effective at the Effective TimeClosing Date.

Appears in 2 contracts

Samples: Merger Agreement (Rent Way Inc), Merger Agreement (Rent a Center Inc De)

Resignation of Directors and Officers. Prior to the Effective Time, Company shall use its best reasonable efforts to deliver to Parent the resignations of such directors and officers of Company and its Company Subsidiaries (which directors and officers are also employees of Company or Surgis Management, Inc.) as Parent shall specify at least ten business days prior to the Closing, effective at the Effective Time. For avoidance of doubt, no resignation tendered pursuant to this Section 5.8 shall be considered a resignation or termination of employment by such person.

Appears in 1 contract

Samples: Merger Agreement (United Surgical Partners International Inc)

Resignation of Directors and Officers. Prior The Company shall obtain and deliver to Parent duly executed resignations, effective as of the Effective Time, Company shall use its best efforts to deliver to Parent the resignations of such directors and officers of the Company and its Subsidiaries as Parent shall specify at least ten business days request in writing no later than two Business Days prior to the Closing, effective at the Effective TimeClosing Date.

Appears in 1 contract

Samples: Merger Agreement (Infocus Corp)

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Resignation of Directors and Officers. Prior The Company shall obtain and deliver to Parent prior to the Closing Date (to be effective as of the Effective Time, Company shall use its best efforts to deliver to Parent ) the resignations resignation of such directors each officer and officers director of the Company and each of its Subsidiaries (in each case, in their capacities as officers and directors, and not as Employees) as Parent shall specify at least ten business days not less than two Business Days prior to the Closing, effective at the Effective TimeClosing Date.

Appears in 1 contract

Samples: Merger Agreement (Zevex International Inc)

Resignation of Directors and Officers. Prior to the Effective Time, Company shall use its reasonable best efforts to deliver to Parent the resignations of such directors and officers of Company and its the Company Subsidiaries as Parent shall specify at least ten (10) business days prior to the Closing, in each case effective at the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (America Service Group Inc /De)

Resignation of Directors and Officers. Prior to the Effective Time, the Company shall use its best efforts to deliver to Parent the resignations of such directors and officers of the Company and its the Company Subsidiaries as Parent shall specify at least ten business days Business Days prior to the Closing, effective at the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Secure Computing Corp)

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