Resignations of Seller Designated Directors and Officers. Seller shall deliver to Buyer letters dated as of the Closing Date effecting the resignation of each director and officer of each Rodeo Entity who serves in such position solely as a representative of Seller and not otherwise in an operational or managerial position with the Business.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Cameron International Corp), Stock Purchase Agreement (Joy Global Inc)
Resignations of Seller Designated Directors and Officers. Seller shall deliver have delivered to Buyer letters dated as of the Closing Date effecting the resignation of each director and officer of each Rodeo any Longhorn Entity who serves in such position solely as a representative of Seller and not otherwise in an operational or managerial position with the Business.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Rowan Companies Inc), Stock Purchase Agreement (Joy Global Inc)
Resignations of Seller Designated Directors and Officers. Seller shall deliver to Buyer letters dated as of the Closing Date effecting the resignation of each director and officer of each Rodeo Entity Longhorn or its Subsidiaries who serves in such position solely as a representative of Seller and not otherwise in an operational or managerial position with the Business.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Rowan Companies Inc), Stock Purchase Agreement (Joy Global Inc)