Common use of Directors of the Parent Clause in Contracts

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s board of directors, and thereafter resign effective as of the Effective Time, and the officers of the Surviving Corporation shall be appointed by the new directors, who shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇, CEO and Secretary; and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CFO.

Appears in 2 contracts

Sources: Merger Agreement (Northern Oil & Gas, Inc.), Merger Agreement (Kentex Petroleum Inc)

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s board Board of directorsDirectors, and thereafter resign thereafter, the current directors of Parent shall resign, in seriatim, effective as of the Effective Time, and the officers of the Surviving Corporation shall be appointed as officers of Parent by the present or new directors, who shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇, CEO and Secretary; and ▇▇▇▇ ▇▇▇▇▇▇▇, President; and ▇▇▇▇▇ ▇▇▇▇▇▇▇, CFOSecretary/Treasurer.

Appears in 1 contract

Sources: Merger Agreement (Java Express Inc)

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇. ▇▇▇▇▇▇▇ and ▇▇R. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s board of directors, and thereafter thereafter, with the exception of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, the current directors of Parent shall resign effective as of the Effective Time, and the officers of the Surviving Corporation shall be appointed by the present or new directors, who shall be ▇▇▇▇▇▇ ▇▇ . ▇▇▇▇▇▇▇, CEO and SecretaryPresident; ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Vice President; and R. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CFOSecretary/Treasurer.

Appears in 1 contract

Sources: Merger Agreement (Network Dealer Services Holding Corp.)

Directors of the Parent. The directors Effective as of Parent immediately prior to the Effective Time shall appoint Time, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ Mall, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ , and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall be appointed to Parent’s board serve as directors of directorsParent (the “New Directors”), and thereafter the director or directors of Parent immediately prior to the Effective Time shall resign effective as of the Effective Time, and the unless otherwise provided herein. The officers of the Surviving Corporation shall be appointed as the officers of Parent by the new directors, who shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇, CEO and Secretary; and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CFONew Directors.

Appears in 1 contract

Sources: Merger Agreement (Source Energy Corp /Ut/)

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s board Board of directorsDirectors, and thereafter resign thereafter, the current directors of Parent shall resign, in seriatim, effective as of the Effective Time, and the following officers of the Surviving Corporation shall be appointed as officers of Parent by the present or new directorsdirectors of Parent: E. Will Gray II, who shall be as Chief Executive Officer; and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, CEO and Esq. as Secretary; and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CFO.

Appears in 1 contract

Sources: Merger Agreement (Westcott Products Corp)

Directors of the Parent. The directors of Parent immediately prior to the Effective Time shall appoint ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Daw and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Parent’s board Board of directorsDirectors, and thereafter resign thereafter, the current directors of Parent shall resign, in seriatim, effective as of the Effective Time, and the officers of the Surviving Corporation shall be appointed as officers of Parent by the present or new directors, who shall be ▇▇▇▇▇▇▇ , President; ▇▇▇▇▇, CEO and SecretaryVice President; and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇Daw, CFOSecretary/Treasurer.

Appears in 1 contract

Sources: Merger Agreement (Hangman Productions, Inc.)