RESIGNATION OF THE DIRECTORS AND OFFICERS. 2.1 Prior to the Closing, the Company will cause each person who is a director or officer of the Company, as set forth in Schedule 2.1, to submit his or her written resignation as director or officer of the Company which will be effective immediately and the Company will take all steps required to appoint nominees of Purchaser as directors and officers of the Company.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Lucas Educational Systems Inc), Stock Purchase Agreement (Omni Doors Inc)
RESIGNATION OF THE DIRECTORS AND OFFICERS. 2.1 Prior to the Closing, the Company will cause each person who is a director or officer of the Company, as set forth in Schedule 2.1, to submit his or her written resignation as director or officer of the Company which will be effective immediately and the Company will take all steps required to appoint nominees of Purchaser as directors and officers of the Company.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Parallax Entertainment Inc), Stock Purchase Agreement (Safetek International Inc)
RESIGNATION OF THE DIRECTORS AND OFFICERS. 2.1 Prior to the Closing, the Company will cause each person who is a director or officer of the Company, as set forth in Schedule 2.1, to submit his ------------ or her written resignation as director or officer of the Company which will be effective immediately and the Company will take all steps required to appoint nominees of Purchaser as directors and officers of the Company.
Appears in 1 contract
RESIGNATION OF THE DIRECTORS AND OFFICERS. 2.1 Prior to the Closing, the Company will cause each person who is a director or an officer of the Company, as set forth in Schedule 2.1, to submit his or her written resignation as director or an officer of the Company which will be effective immediately and the Company will take all steps required to appoint nominees of Purchaser as directors and officers of the Company.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hartland Investments Inc)
RESIGNATION OF THE DIRECTORS AND OFFICERS. 2.1 Prior to the Closing, the Company will cause each person who is a director or officer of the Company, as set forth in Schedule 2.1, to submit his or her written resignation as director or officer of the Company which will be Company, effective immediately and upon his replacement by nominees of Purchaser and, upon the Company will take Closing, Seller shall cause all steps required action necessary to appoint nominees of designated by Purchaser as successor directors and officers of the Company.
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