Common use of Resignations of Directors and Officers Clause in Contracts

Resignations of Directors and Officers. Such members of the boards of directors and such officers of the Company and the Subsidiaries as are designated in a written notice delivered at least two (2) Business Days prior to the Closing Date by Purchaser to Seller shall have tendered, effective at the Closing, their resignations as such directors and officers.

Appears in 3 contracts

Samples: Investment Agreement (PDT Inc /De/), Stock Purchase Agreement (PDT Inc /De/), Stock Purchase Agreement (Metacreations Corp)

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Resignations of Directors and Officers. Such members of the boards of directors and such officers of the Company and the Operating Subsidiaries as are designated in a written notice delivered at least two (2) Business Days on or prior to the Closing Date by Purchaser to Seller Stockholder shall have tendered, effective at the Closing, their resignations as such directors and officers.

Appears in 2 contracts

Samples: Purchase Agreement (Bruker Axs Inc), Purchase Agreement (Bruker Axs Inc)

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Resignations of Directors and Officers. Such members of the boards of directors and such officers of the Company and the Subsidiaries as are designated in a written notice delivered at least two five (25) Business Days prior to the Closing Date by Purchaser to Seller shall have tendered, effective at the Closing, their resignations as such directors and officers.

Appears in 1 contract

Samples: Stock Purchase Agreement (Steinway Musical Instruments Inc)

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