Examples of Surviving Corporation Board in a sentence
Promptly following the Effective Time of the Merger, Parent shall (a) cause the Surviving Corporation Board to (i) approve and adopt the Plan of Second Merger and (ii) the Surviving Corporation to execute and deliver the Plan of Second Merger and (b) approve and adopt the Plan of Second Merger as the sole shareholder of the Surviving Corporation at the time of the Second Merger.
The Shared Technologies Board of Directors shall take such corpo- rate action as may be necessary to cause the directors compris- ing its full board to be changed at the Effective Time to include, subject to the requisite vote of the shareholders of Shared Technologies, immediately after the Effective Time on the Surviving Corporation Board of Directors the persons speci- fied pursuant to the Shareholders Agreement.
Each of IMS Health, Quintiles, the Surviving Corporation and their respective Boards of Directors shall take all actions reasonably necessary to cause the matters set forth in Sections 1.5, 1.6, 1.7 and 1.8 (together with the Stockholder Arrangements, the “Governance Matters”) to occur as of the Effective Time, and as soon as reasonably practicable after the Effective Time, the Surviving Corporation Board shall adopt resolutions ratifying the Governance Matters.
The Surviving Corporation Board shall consist of 12 directors, (i) six of whom shall be persons designated by IMS Health (the “IMS Health Designees”) and (ii) six of whom shall be persons designated by Quintiles (the “Quintiles Designees”), one of whom shall be designated by Quintiles as the Lead Director.
At the Effective Time, each member of the Board of Directors of Sub immediately prior to the Effective Time shall become a member of the Board of Directors of the Surviving Corporation (the "Surviving Corporation Board").
As of the Effective Time, the Nominating and Governance Committee shall be chaired by members of the Surviving Corporation Board designated by Standard Pacific, and the Audit Committee and Compensation Committee shall be chaired by members of the Surviving Corporation Board designated by Ryland.
Each such committee shall consist of two members of the Surviving Corporation Board designated by IMS Health and two members of the Surviving Corporation Board designated by Quintiles.
After the planning workshops the FMC and local DOF staff will carry out the agreed monitoring.
The members of the Surviving Corporation Board shall serve until their respective successors are duly elected and qualified in the manner provided in the Certificate of Incorporation and Bylaws of the Surviving Corporation, or as otherwise provided by law.
The Surviving Corporation Board and Officers are set forth below.