Common use of Resignation of Directors of the Company Clause in Contracts

Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to cause each member of the Board of Directors of the Company to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member of the Board of Directors of the Company effective immediately prior to the Effective Time.

Appears in 3 contracts

Samples: Merger Agreement (Hallwood Trust /Tx/), Merger Agreement (Hallwood Group Inc), Merger Agreement (Venoco, Inc.)

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Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to cause each member of the its Board of Directors of the Company to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, letter effectuating his or her resignation as a member director of the such Board of Directors of the Company effective immediately prior to the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Mp3 Com Inc), Merger Agreement (Vivendi)

Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to cause each member of the Board of Directors of the Company to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member director of the Board of Directors of the Company effective immediately prior to the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Tutogen Medical Inc), Merger Agreement (Regeneration Technologies Inc)

Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to will cause each member of the Company Board of Directors of the Company to execute and deliver a letter, which shall will not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member of the Board of Directors director of the Company Board effective immediately prior to the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Readers Digest Association Inc)

Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to cause each member of the Company Board of Directors of the Company to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member director of the such Board of Directors of the Company effective immediately prior to the Effective Time.. ARTICLE VII

Appears in 1 contract

Samples: Merger Agreement (Synaptic Pharmaceutical Corp)

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Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by Parent, the Company shall use reasonable efforts to cause each member of the Board of Directors of the Company and the Board of Directors of each of the Company’s Subsidiaries to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member of the Board of Directors of the Company or the Board of Directors of such Subsidiary effective immediately prior to the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (PAETEC Holding Corp.)

Resignation of Directors of the Company. Prior to the Effective Time, to the extent requested by ParentClosing Date, the Company shall use reasonable efforts to cause each member of the Board of Directors of the Company and the Board of Directors of each of its Subsidiaries to execute and deliver a letter, which shall not be revoked or amended prior to the Effective Time, effectuating his or her resignation as a member of the Board of Directors of the Company or the Board of Directors of such Subsidiary effective immediately prior to to, and conditional on, the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Amn Healthcare Services Inc)

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