Examples of Resigning Directors in a sentence
Buyer shall have received the resignations of each of the Resigning Directors and each of the officers of ENP GP listed on Schedule 6.15.
Duly executed copies of the resignations of each of the Resigning Directors and each of the officers of ENP GP listed in Section 6.15.
Pursuant to the Convertible Loan Agreement, Xxx Xxxx Xxxxx and Xxx Oon Xxxxx (collectively known as the "New Directors") will be appointed as new directors to the Board and concurrent with the said appointments, Xxx Xxxx Xxxx and Xxxxxxxx Xxx Xxx Xxx (collectively known as the "Resigning Directors") will resign as directors of the Board.
Any vested DSUs held by Resigning Directors shall be redeemed on the Closing Date and such Resigning Directors shall receive from Corridor a cash payment equal to the product of the number of such DSUs multiplied by the average closing price for a Common Share on the TSX on the five trading days prior to the Closing Date less any amounts required to be withheld under Applicable Laws.
All outstanding DSUs held by Resigning Directors that have not vested as at the Closing Date shall immediately and automatically terminate for no consideration and shall be rendered null and void.