Resignation and Appointment of Directors Sample Clauses
The 'Resignation and Appointment of Directors' clause outlines the procedures for directors to step down from their positions and for new directors to be appointed to the board. Typically, it specifies the notice requirements for resigning directors, the process for accepting resignations, and the authority or method by which replacements are selected and approved. This clause ensures a clear and orderly transition of board membership, minimizing disruption to company governance and maintaining continuity in leadership.
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Resignation and Appointment of Directors. RESOLVED that each resignation letter received from [list resigning directors], dated , respectively, expressing his desire to resign from the Board of the Company effective from the date of this meeting, be and hereby is accepted with immediate effect. RESOLVED FURTHER, that , being eligible to be appointed as director as per the applicable provisions of the Companies Act, and who is present in this meeting by special invitation, be and hereby is appointed director of the Company with immediate effect to fill in casual vacancy arising from the resignation of [list the names of one of the directors resigning] pursuant to section 262 of the Companies Act, 1956, read with Article [•] of the Articles of Association of the Company, and further, [ ] shall hold the office of director until the next Annual General Meeting of the Company. RESOLVED FURTHER, that , being eligible to be appointed as director as per the applicable provisions of the Companies Act, and who is present in this meeting by special invitation, be and hereby is appointed director of the Company with immediate effect to fill in casual vacancy arising from the resignation of [list the names of one of the directors resigning] pursuant to section 262 of the Companies Act, 1956, read with Article [•] of the Articles of Association of the Company, and further, [ ] shall hold the office of director until the next Annual General Meeting of the Company. RESOLVED FURTHER, that , being eligible to be appointed as director as per the applicable provisions of the Companies Act, and who is present in this meeting by special invitation, be and hereby is appointed director of the Company with immediate effect to fill in casual vacancy arising from the resignation of [list the names of one of the directors resigning] pursuant to section 262 of the Companies Act, 1956, read with Article [•] of the Articles of Association of the Company, and further, [ ] shall hold the office of director until the next Annual General Meeting of the Company. RESOLVED FURTHER, that , being eligible to be appointed as director as per the applicable provisions of the Companies Act, and who is present in this meeting by special invitation, be and hereby is appointed director of the Company with immediate effect to fill in casual vacancy arising from the resignation of [list the names of one of the directors resigning] pursuant to section 262 of the Companies Act, 1956, read with Article [•] of the Articles of Association of the Comp...
Resignation and Appointment of Directors. All of the existing directors of EZBid shall have resigned from EZBid's board of directors.
Resignation and Appointment of Directors. 1() Simultaneous with the execution of this Agreement, all the Directors of IMSI and its subsidiaries shall appoint the DCDC nominees set forth on Exhibit A to the Board of Directors of IMSI and its subsidiaries and all the Directors of IMSI, except for Robert Mayer, shall execute ▇▇▇ ▇▇▇▇▇▇▇ a letter of resignation in the form and substance acceptable to DCDC. Robert Mayer, a current Dir▇▇▇▇▇ ▇▇ ▇▇▇I, shall remain on IMSI's Board and be nominated as a Director at the first Annual Meeting of Stockholders of the Successor Corporation subsequent to the Merger. Mr. Mayer shall hold office ▇▇▇▇▇ ▇▇ch Annual Meeting and until his successor is duly elected and qualified.
2() Simultaneous with the execution of this Agreement, such executive officers of IMSI and its subsidiaries identified by DCDC shall execute and deliver a letter of resignation in the form and substance acceptable to DCDC. 3
Resignation and Appointment of Directors. It is specifically provided and agreed that on or before the Effective Date, Baker, Leighty, Stu▇▇▇▇▇ ▇▇d Zab▇▇ ▇▇all submit their resignation (or shall tender proof of their prior resignation, as the case may be) as members of the Board of Directors of Aaro. On the Effective Date, subsequent to the resignation of the individuals described in the preceding sentence, the remaining Directors shall consider and vote upon a Board resolution(pursuant to Article III, Section 3 of Aaro's Bylaws) to add the following named individuals to Aaro's Board of Directors: Jer▇▇ ▇▇▇▇▇▇▇▇ Gre▇ ▇▇▇▇▇ Lon▇▇▇ ▇▇▇▇▇▇
Resignation and Appointment of Directors. On the Effective Date, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, the sole director of Kodiak, will resign, and the persons designated in the Certificate of Designation, attached hereto as Schedule 3.1 (the "Certificate of Designation"), shall be appointed as directors of Kodiak.
Resignation and Appointment of Directors. Parent shall have received a written resignation from the current director of Parent and an executed resolution appointing nominees of the Company to the Board of Directors of Parent effective as of the Effective Time.
Resignation and Appointment of Directors. Immediately after the execution of this Agreement, (1) the Company shall cause M▇▇▇▇▇▇ ▇.
Resignation and Appointment of Directors. At Closing, the officers and directors of Altrimega will submit their resignations and a new slate of officers and directors will be appointed by the principals of TOP GUN, (the "New Management"). All necessary minutes, corporate resolutions and State of Nevada forms will be provided at Closing signed by the appropriate representatives of both parties.
Resignation and Appointment of Directors. Sellers shall have delivered to Buyer a document evidencing the adoption of minutes of such meeting(s) of the directors and shareholders of NuevaTel as are required for the resignation of the current Síndico all current directors of NuevaTel that Sellers have the right to appoint (but not the current directors that Comteco has the right to appoint), and for the appointment of the persons designated by Buyer as Síndico and directors of NuevaTel.
Resignation and Appointment of Directors. BOS shall have delivered to VIBC at the Closing the written resignations as directors of BOS, effective as of the Closing Date, of Messrs. Beim▇▇▇ ▇▇▇ Warl▇▇▇. ▇▇S also shall have delivered to VIBC at the Closing a copy of resolutions duly adopted by its Board of Directors, which copy shall be certified by its Corporate Secretary, providing for the appointment of Messrs. Foss ▇▇▇ Kern ▇▇ the BOS Board of Directors, as required by Section 1.11 hereof, effective as of the Closing Date.