Common use of Resignation of Officers and Directors Clause in Contracts

Resignation of Officers and Directors. Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Midwest Merger Management LLC), Stock Purchase Agreement (Edgar Filingnet Inc), Stock Purchase Agreement (Certified Services Inc)

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Resignation of Officers and Directors. Sellers The Seller shall cause each officer and member of the Board of Directors ofCompany to tender his or her resignation from such position, and shall appoint Buyer’s nominee(s) as officers effective as of the Closing. The Seller shall cause each trustee or fiduciary director of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, Company to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers Seller shall cause the appointment of the designees Buyer’s nominee (s) as Director of the Buyer to hold positions Company effective as Officers and Directorsof the Closing. Current Director’s will resign concurrently with the H&H Vend Out.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (International Packaging & Logistics Group Inc.)

Resignation of Officers and Directors. The Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by the Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and DirectorsClosing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Joshua Tree Construction Inc)

Resignation of Officers and Directors. Sellers Seller shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Gfsi Holdings Inc)

Resignation of Officers and Directors. The Sellers shall ------------------------------------- cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

Resignation of Officers and Directors. The Sellers shall cause each officer and member manager of the Board of Directors of, Company and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Companyits Subsidiaries, if so requested by BuyerPurchaser, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Collins & Aikman Corp)

Resignation of Officers and Directors. The Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, each of the CompanyCompanies, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

Resignation of Officers and Directors. The Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by BuyerBOXL, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and DirectorsClosing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Boxlight Corp)

Resignation of Officers and Directors. Sellers The Seller shall cause each officer and member of the Board of Directors ofCompany to tender his or her resignation from such position, and shall appoint Buyer’s nominee(s) as officers effective as of the Closing. The Seller shall cause each trustee or fiduciary director of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, Company to tender his or her resignation from such position and shall be submitted at Closing. Seller shall cause the appointment of the Buyer’s nominee (s) as Director of the Company effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (B-Maven, Inc.)

Resignation of Officers and Directors. Sellers The Seller shall ------------------------------------- cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, each of the CompanyCompanies, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jackson Products Inc)

Resignation of Officers and Directors. Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cheshire Distributors Inc)

Resignation of Officers and Directors. Sellers The Selling Shareholders shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Share Purchase Agreement (Protea Biosciences Group, Inc.)

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Resignation of Officers and Directors. The Sellers shall cause ------------------------------------- each officer and member manager of the Board of Directors of, Company and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Companyits Subsidiaries, if so requested by BuyerPurchaser, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Becker Charles E /Mi)

Resignation of Officers and Directors. Sellers Each Shareholder shall cause each officer of the officers and member members of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Employment Agreement (Allegro Biodiesel Corp)

Resignation of Officers and Directors. The Sellers shall cause each officer and member manager of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by BuyerPurchaser, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Launch Media Inc)

Resignation of Officers and Directors. At Closing, Sellers shall cause each officer and member of the Board of Directors of, and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the Company, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Momentum Holdings Corp)

Resignation of Officers and Directors. Sellers Seller shall cause each ------------------------------------- officer and member of the Board board of Directors of, and each trustee or fiduciary directors of any plan or arrangement involving employee benefits of, the Company, but only if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers Seller hereby assumes all liability for and shall cause appointment make payment of all amounts payable arising out of the designees resignation or removal of the Buyer to hold positions as Officers officers and Directorsmembers of the board of directors of the Company called for in this Section 5.7.

Appears in 1 contract

Samples: Stock Purchase Agreement (CFW Communications Co)

Resignation of Officers and Directors. Sellers shall ------------------------------------- cause each officer and member of the Board board of Directors of, directors of the Company and each trustee or fiduciary of any plan or arrangement involving employee benefits of, the CompanySubsidiary, if so requested by Buyer, to tender his or her resignation from such position effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and DirectorsClosing Date.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Corinthian Colleges Inc)

Resignation of Officers and Directors. Sellers The Seller shall cause each officer and member of the Board of Directors of, Director and each trustee or fiduciary of any plan or arrangement involving employee benefits of, of the CompanyAcquired Companies, if so requested by the Buyer, to tender his or her resignation from such position position, effective as of the Closing. Prior to resignation, Sellers shall cause appointment of the designees of the Buyer to hold positions as Officers and Directors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lmi Aerospace Inc)

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