Common use of Appointments and Resignations Clause in Contracts

Appointments and Resignations. (a) As of the Closing, ▇▇▇▇▇▇ ▇▇▇▇ shall remain on the NOWTRANSIT board of directors; all other directors of NOWTRANSIT, if any, shall resign from the board of directors of NOWTRANSIT, the number of directors shall be set at three and ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall be appointed as directors of NOWTRANSIT until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with NOWTRANSIT’s Articles of Incorporation and Bylaws. (b) ▇▇▇▇▇▇ ▇▇▇▇ shall resign as an officer of NONTRANSIT, effective the Closing Date, and the nominees of BEST shall, as of the Closing, be appointed as the officers of NOWTRANSIT until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with NOWTRANSIT’s Articles of Incorporation and Bylaws.

Appointments and Resignations. (a) As of the Closing, ▇J▇▇▇▇▇ ▇▇▇▇ shall remain on the NOWTRANSIT board of directors; all other directors of NOWTRANSIT, if any, shall resign from the board of directors of NOWTRANSIT, the number of directors shall be set at three and ▇D▇▇▇▇▇ ▇▇▇▇▇ and ▇J▇▇▇ ▇▇▇▇▇▇▇▇▇ shall be appointed as directors of NOWTRANSIT until their respective successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with NOWTRANSIT’s Articles of Incorporation and Bylaws. (b) ▇J▇▇▇▇▇ ▇▇▇▇ shall resign as an officer of NONTRANSIT, effective the Closing Date, and the nominees of BEST shall, as of the Closing, be appointed as the officers of NOWTRANSIT until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with NOWTRANSIT’s Articles of Incorporation and Bylaws.