Common use of Resignations of Directors Clause in Contracts

Resignations of Directors. Seller will cause such members of the board of directors of the Company to tender, effective at the Closing, their resignations from such board of directors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Primark Corp)

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Resignations of Directors. Seller will cause such members of the board of directors of the Company to tender, effective at At the Closing, their resignations from such board Sellers shall cause each of directors. If requested by Purchaser, Seller will cause the election directors of Purchaser's nominees each of the Companies to such boards of directors effective on the Closing Datetender his or her resignation as a director.

Appears in 1 contract

Samples: Stock Purchase Agreement (CRM Holdings, Ltd.)

Resignations of Directors. Seller will cause such those members of the board boards of directors of any member of the Subject Company Group, who are designated on Annex E hereto, to tender, effective at the Closing, their resignations from such board of directors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing Dateresignations.

Appears in 1 contract

Samples: Purchase Agreement (Chefford Master Manufacturing Co Inc)

Resignations of Directors. The Seller will shall cause such members each member of the board Board of directors Directors of the Company and its subsidiaries to tender, effective at the Closing, their resignations resignation from such board Board of directors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing DateDirectors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ceres Group Inc)

Resignations of Directors. The Seller will shall cause such members each member of the board Board of directors Directors of the Company Companies to tender, effective at the Closing, their resignations his or her resignation from such board Board of directors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing DateDirectors.

Appears in 1 contract

Samples: Lease Agreement (Americo Life Inc)

Resignations of Directors. Seller The Sellers will cause such members of the board of directors and such officers of the Company Holdings as are designated by Buyer to tender, effective at the Closing, their resignations from such board of directorsdirectors or from such offices. If requested by PurchaserBuyer, Seller the Sellers will cause the election of PurchaserBuyer's nominees to such boards board of directors effective on simultaneously with the Closing Dateif such election is necessary to carry out the transactions contemplated hereunder.

Appears in 1 contract

Samples: Recapitalization Agreement (Desa Holdings Corp)

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Resignations of Directors. Seller Sellers will cause (a) such members of the board Board of directors Directors of the Company Companies and, (b) such members of the Boards of Directors, as are designated by Purchaser to tender, effective at the ClosingClosing Date, their resignations from such board Boards of directors. If Directors or offices and, if requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards Boards of directors effective on the Closing DateDirectors and offices.

Appears in 1 contract

Samples: Purchase Agreement (Leucadia National Corp)

Resignations of Directors. Seller will cause such members of the board boards of directors and such officers of the Company as are designated by Purchaser to tender, effective at the Closing, their resignations from such board boards of directorsdirectors or from such offices. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to such boards of directors effective on the Closing Datedirectors.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hedstrom Holdings Inc)

Resignations of Directors. Seller will cause such members of the board of directors of the Company who are employed by Seller and such officers of the Company who are employed by Seller including any person identified in Schedule 5.21 to tender, effective at the Closing, their resignations from such board of directors. If requested by Purchaser, Seller will cause the election of Purchaser's nominees to directors or from such boards of directors effective on the Closing Dateoffices.

Appears in 1 contract

Samples: Stock Purchase Agreement (Analysis & Technology Inc)

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