Common use of Resignation of Officers and Directors Clause in Contracts

Resignation of Officers and Directors. The Company shall use reasonable best efforts obtain and deliver to Parent at or prior to the Effective Time the resignation of each officer and director of each of the Target Companies.

Appears in 3 contracts

Samples: Merger Agreement (La Jolla Pharmaceutical Co), Merger Agreement (La Jolla Pharmaceutical Co), Merger Agreement (Innoviva, Inc.)

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Resignation of Officers and Directors. The Company shall use all reasonable best efforts to obtain and deliver to Parent at on or prior to the Effective Time Closing the resignation of each director and officer and director of each of the Target CompaniesCompany.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Quantum Corp /De/), Agreement and Plan of Merger and Reorganization (Snap Appliances Inc), Agreement and Plan of Merger and Reorganization (Meridian Data Inc)

Resignation of Officers and Directors. The To the extent requested by Parent, the Company shall use commercially reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time the resignation of each officer and director of each of the Target CompaniesCompanies identified by Parent in writing from such office or directorship (but not from employment with any Target Company).

Appears in 2 contracts

Samples: Merger Agreement (AutoWeb, Inc.), Employment Agreement (AutoWeb, Inc.)

Resignation of Officers and Directors. The Company shall use all reasonable best efforts to obtain and deliver to Parent at on or prior to the Effective Time Closing the resignation of each officer and director of each of the Target CompaniesAcquired Corporations to the extent requested by Parent.

Appears in 2 contracts

Samples: Merger Agreement (Broadvision Inc), Merger Agreement (Interleaf Inc /Ma/)

Resignation of Officers and Directors. The Company shall use all reasonable best efforts to obtain and deliver to Parent at on or prior to the Effective Time Closing the resignation of each officer and director of each of the Target CompaniesCompany Entities.

Appears in 2 contracts

Samples: Merger Agreement (Med-Design Corp), Merger Agreement (Specialized Health Products International Inc)

Resignation of Officers and Directors. The Company shall use commercially reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time Closing the resignation of (a) each officer and director of each of the Target Acquired Companies, and (b) each officer of each of the Acquired Companies identified on Schedule 5.13.

Appears in 2 contracts

Samples: Merger Agreement (Acquicor Technology Inc), Merger Agreement (Conexant Systems Inc)

Resignation of Officers and Directors. The Company shall use reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time the resignation of each officer and director of each of the Target CompaniesAcquired Corporations, effective as of the Effective Time.

Appears in 2 contracts

Samples: Merger Agreement (Clinical Data Inc), Merger Agreement (Avalon Pharmaceuticals Inc)

Resignation of Officers and Directors. The Without limiting the Company’s obligations under Section 1.3, the Company shall use reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time the resignation of each officer director and director of each officer of the Target CompaniesCompany.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Rovi Corp), Merger Agreement (Sonic Solutions/Ca/)

Resignation of Officers and Directors. The Company shall use commercially reasonable best efforts to obtain and deliver to Parent at on or prior to the Effective Time the resignation of each officer and director of each of the Target CompaniesAcquired Companies and such officers of the Acquired Companies as Parent shall request.

Appears in 1 contract

Samples: Merger Agreement (Systems & Computer Technology Corp)

Resignation of Officers and Directors. The Company shall use commercially reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time Closing the resignation of each officer and director of each the Company effective as of the Target CompaniesEffective Time (it being understood that such resignation shall be from the office of officer or director of the Company).

Appears in 1 contract

Samples: Merger Agreement (Sorrento Therapeutics, Inc.)

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Resignation of Officers and Directors. The Company shall use commercially reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time the resignation resignation, effective as of the Effective Time or, at the option of Parent, at a later date, of each officer and director of each of the Target CompaniesAcquired Corporations.

Appears in 1 contract

Samples: Merger Agreement (XOOM Corp)

Resignation of Officers and Directors. The Company shall use commercially reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time Closing the resignation of each officer and director of each the Company effective as of the Target CompaniesEffective Time.

Appears in 1 contract

Samples: Merger Agreement (Oclaro, Inc.)

Resignation of Officers and Directors. The Company shall use its reasonable best efforts to obtain the resignations of such officers and deliver to directors of the Company Subsidiaries as Parent at or prior to may request, effective as of the Effective Time the resignation of each officer and director of each of the Target CompaniesTime.

Appears in 1 contract

Samples: Merger Agreement (Juniper Networks Inc)

Resignation of Officers and Directors. The Company shall use reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time the resignation of each officer and director of each of the Target CompaniesAcquired Corporations.

Appears in 1 contract

Samples: Merger Agreement (Servidyne, Inc.)

Resignation of Officers and Directors. The Company shall use its reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time Closing the resignation of each officer and director of each of the Target CompaniesAcquired Corporations.

Appears in 1 contract

Samples: Merger Agreement (Global Sports Inc)

Resignation of Officers and Directors. The Company shall use its reasonable best efforts to obtain and deliver to Parent at or prior to the Effective Time Closing the resignation of each officer and director of each of the Target CompaniesCompany.

Appears in 1 contract

Samples: Merger Agreement (Protein Design Labs Inc/De)

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