Resignation of Directors & Officers. Unless otherwise directed by Parent in writing prior to Closing, the Company shall deliver an executed resignation letter from each officer and each director of the Company and each of its Subsidiaries with respect to such role, in form and substance acceptable to Parent, effective as of the Effective Time.
Appears in 2 contracts
Resignation of Directors & Officers. Unless otherwise directed by Parent in writing prior to Closing, the Company shall deliver an executed resignation letter from each board-appointed officer and each director of the Company and each of its Subsidiaries with respect to such role, in form and substance acceptable to Parent, effective as of the Effective Time.
Appears in 1 contract
Resignation of Directors & Officers. Unless otherwise directed by Parent Purchaser in writing prior to Closing, the Company shall deliver an executed resignation letter from each officer and each director of the Company and each of its Subsidiaries with respect to such role, in form and substance acceptable to ParentPurchaser, effective as of the Effective TimeClosing Date.
Appears in 1 contract