CHANGES IN KEY PERSONNEL OR BOARD MEMBERSHIP Clause Samples
The "Changes in Key Personnel or Board Membership" clause sets out the requirements and procedures that must be followed when there are changes to individuals holding significant roles within an organization, such as executives or board members. Typically, this clause requires one party to notify the other of any such changes within a specified timeframe, and may grant the other party certain rights, such as the ability to approve replacements or terminate the agreement if key individuals depart. Its core function is to ensure transparency and maintain confidence in the management and oversight of the organization, addressing the risk that changes in leadership could impact the performance or direction of the business relationship.
CHANGES IN KEY PERSONNEL OR BOARD MEMBERSHIP. Grantee must notify their DCF Program Manager if there are any changes in key personnel and/or changes to board membership. DCF has the right to audit Grantee if there has been a change in such personnel.
CHANGES IN KEY PERSONNEL OR BOARD MEMBERSHIP. Grantee must notify their DCF Program Manager if there are any changes in key personnel and/or changes to board membership. DCF has the right to audit Grantee if there has been a change in such personnel. DCF warrants that technical data issued to Grantee for use in performing professional services under this Grant shall be current, accurate, complete and adequate for its intended purpose. Grantee shall notify their DCF Program Manager as soon as possible upon discovering any data deficiency. The DCF Program Manager shall take prompt and reasonable action to reconcile or remedy the data deficiency(ies). Grantee may have access to private or confidential data maintained by DCF to the extent necessary to carry out its responsibilities under this Grant. Grantee must comply with all the requirements of the Kansas Open Records Act in providing services under this Grant. Grantee shall accept full responsibility for providing adequate supervision and training to its agents and employees to ensure compliance with the Act. No private or confidential data collected, maintained or used in the course of the performance of this Grant shall be disseminated by either party except as authorized by statute, either during the period of the Grant or thereafter. Grantee must agree to return any or all data furnished by DCF promptly at the request of DCF in whatever form it is maintained by the Grantee. On the termination or expiration of this Grant, Grantee will not use any of such data or any material derived from the data for any purpose and, where so instructed by DCF, will destroy or render it unreadable.
CHANGES IN KEY PERSONNEL OR BOARD MEMBERSHIP. ____ Ini