Resignations of Directors Clause Samples
The 'Resignations of Directors' clause outlines the procedures and requirements for a director to formally step down from their position on a company's board. Typically, this clause specifies how a director must submit their resignation, such as providing written notice to the board or company secretary, and may address the effective date of resignation or any notice period required. Its core practical function is to ensure a clear and orderly process for directors to exit their roles, thereby minimizing confusion and maintaining proper corporate governance.
POPULAR SAMPLE Copied 1 times
Resignations of Directors. Each of the directors of the Company shall have resigned as of the Effective Date and such resignations shall have been delivered to Parent.
Resignations of Directors. Any directors of the Company, other than those identified on Schedules 2.1, shall have resigned as directors of the Company.
Resignations of Directors. Except as otherwise specifically directed by Purchaser, each director of the Acquired Company or any Subsidiary as of the Closing Date shall resign as a director of the Acquired Company and any such Subsidiaries and such resignations shall be delivered to Purchaser at Closing.
Resignations of Directors. Any director may resign at any time by submitting an electronic transmission or by delivering a written notice of resignation, signed by such director, to the President or the Secretary. Such resignation shall take effect upon delivery unless the resignation specifies a later effective date or an effective date determined upon the happening of a specified event.
Resignations of Directors. All directors of ▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., Inc. and its Subsidiaries whose resignations shall have been requested by Buyer not less than ten Business Days before the Closing Date shall have submitted their resignations or been removed effective as of the Closing Date.
Resignations of Directors. The members of the boards of directors of EPI and its Subsidiaries shall have tendered, effective at the Closing, their resignations as such directors.
Resignations of Directors. The Seller shall cause each member of the Board of Directors of the Companies to tender, effective at the Closing, his or her resignation from such Board of Directors.
Resignations of Directors. Buyer shall have received the resignations, effective as of the Initial Closing, of each of those directors of the Company set forth on Schedule 8.12.
Resignations of Directors. Seller shall cause to be delivered to Purchaser at or prior to the Closing the resignations of the boards of directors of each of the Subsidiaries as Purchaser shall have requested.
Resignations of Directors. The persons holding the positions of a director of the Company, in office immediately prior to the Closing, shall have resigned from such positions in writing effective as of the Closing.