Examples of Outgoing Directors in a sentence
Outgoing Directors shall hold office until their successors have been elected and qualified.
Outgoing Directors shall be eligible for re-election, subject to the provisions below.
The Sellers shall, subject to Applicable Law and the memorandum and articles of association of the Company, take all reasonably necessary or desirable actions as may be required under Applicable Law to cause the Outgoing Directors to resign from the Company Board and the Buyer Directors to be appointed to the Board at the Closing.
Outgoing Directors shall continue to serve until this organizational meeting is held unless they were elected by the Board to fill a vacancy.
Outgoing Directors are responsible for transferring all relevant assets and Books of the Association to the Board within 14 days of ceasing to be a Director.