Directors of Acquiror Company at Closing Date Sample Clauses
The 'Directors of Acquiror Company at Closing Date' clause defines who will serve as the directors of the acquiring company once the transaction is finalized. Typically, this clause specifies the names or qualifications of individuals who will be appointed to the board, and may outline any changes to the existing board structure or composition that will take effect at closing. Its core function is to ensure clarity and agreement between parties regarding corporate governance immediately following the acquisition, thereby preventing disputes or uncertainty about board leadership.
Directors of Acquiror Company at Closing Date. On the Closing Date, ▇▇▇▇ ▇▇▇, the current President and a member of the Acquiror Company Board, shall nominate each of ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇ and Kun (▇▇▇▇▇) Wei as a member of the Acquiror Company Board, ▇▇ ▇▇▇▇ will be nominated Chairman of the Acquiror Company Board, such nominations to be effective on the tenth day after mailing the Schedule 14(f) to the stockholders of record of the Acquiror Company (the “Effective Time”). On the Closing Date, ▇▇▇ ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇, current directors of the Acquiror Company Board, shall tender their resignation as a director of the Acquiror Company to be effective at the Effective Time. ▇▇▇▇ ▇▇▇ shall remain a director of the Acquiror Company.
Directors of Acquiror Company at Closing Date. On the Closing Date, the current sole director of the Acquiror Company shall appoint ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ to serve as a member and Chairman of the Acquiror Company Board and appoint Mr. W. ▇▇▇▇ ▇▇▇▇ and ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ as members of the Acquiror Company Board to be effective on the tenth day after the mailing of the Schedule 14(f) to the stockholders of record of the Acquiror Company (the “Effective Time”). On the Closing Date, ▇▇▇▇▇▇ shall tender her resignation as a director of the Acquiror Company to be effective at the Effective Time.
Directors of Acquiror Company at Closing Date. By the Closing Date the current directors of the Acquiror Company shall appoint Jacov (▇▇▇▇) ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ Fanshil, ▇▇▇▇ Shabshay and Spiro Baramilis, as additional members of the Acquiror Company Board. Immediately thereafter, all current directors of the Acquiror Company shall resign as directors of the Acquiror Board.
Directors of Acquiror Company at Closing Date. On the Closing Date, M▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ shall remain the sole director of the Acquiror Company and Chairwoman of the Acquiror Company Board.
Directors of Acquiror Company at Closing Date. By the Closing Date the current directors of the Acquiror Company shall appoint ▇▇. ▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and Mr. Lie Xi Zhuang as directors of the Acquiror Company. Each current director of the Acquiror Company shall resign as a director of the Acquiror Company Board.
Directors of Acquiror Company at Closing Date. On the Closing Date, the current sole director of the Acquiror Company shall appoint ▇▇▇▇▇▇▇▇ ▇▇ and Zhiking Li to serve as members of the Acquiror Company Board to be effective on the tenth day after the filing and mailing of the Schedule 14(f)-1 to the stockholders of record of the Acquiror Company (the “Effective Time”). On the Closing Date, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ (“▇▇▇▇▇▇▇▇▇”) shall tender his resignation as a director of the Acquiror Company to be effective at the Effective Time.
Directors of Acquiror Company at Closing Date. As provided in Section 5(a) above, the persons designated by Purchaser shall be nominated for election to the Company's board of directors and shall commence their terms on the effective date of the Company's reincorporation in Nevada. To the extent necessary, the current officers and directors shall resign from their respective positions with the Company on the effective date of the Company's reincorporation in Nevada and the new directors of the Company shall appoint persons to serve as the new officers of the Company.
Directors of Acquiror Company at Closing Date. By the Closing Date the current directors of the Acquiror Company shall appoint ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, and Drajat Hadiwijoyoas additional members of the Acquiror Company Board.
Directors of Acquiror Company at Closing Date. On the Closing Date, Jak▇ ▇▇▇, ▇he current President and a member of the Acquiror Company Board, shall nominate each of Yan ▇▇▇▇▇▇, ▇e ▇▇▇▇ ▇▇d Kun (Jam▇▇) ▇ei as a member of the Acquiror Company Board, Ke ▇▇▇▇ ▇▇ll be nominated Chairman of the Acquiror Company Board, such nominations to be effective on the tenth day after mailing the Schedule 14(f) to the stockholders of record of the Acquiror Company (the “Effective Time”). On the Closing Date, Xin ▇▇▇▇ ▇▇d Wen▇▇ ▇▇▇, ▇urrent directors of the Acquiror Company Board, shall tender their resignation as a director of the Acquiror Company to be effective at the Effective Time. Jak▇ ▇▇▇ ▇▇all remain a director of the Acquiror Company.
Directors of Acquiror Company at Closing Date. Promptly following the execution of this Agreement, the Company shall take the actions required by Regulation 14f-1 promulgated under the Securities Exchange Act of 1934, as amended, with respect to the change in the Company’s management described herein. On the Closing Date, the Individual Officers shall resign from their positions as officers of the Company, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall resign from his position as a director of the Company and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall be appointed as President, Secretary and a director of the Company to fill the vacancies created by such resignations. Following the expiration of the waiting period required by Regulation 14f-1, Dimitri Cocorinis shall resign from his position as a director of the Company.