Execution of Service Contract. 4.2.1 The delivery of 100% of the services, as stated on the DRC Service Contract, shall be effected within the Contracted period.
Execution of Service Contract. After the Closing but prior to issue of Restricted Shares and granting of options as provided in Section 6.12, (i) each of Xxx XXXX and Xxxx XXXX shall execute a service contract with the Domestic Company in the form satisfactory to the Domestic Company; and (ii) Xxxxxxxx XX shall execute a service contract with the Domestic Company in the form satisfactory to the Domestic Company, pursuant to which Xxxxxxxx XX will be in charge of the management of online school teaching, training and research, customer services, products and technology and operation of the Target Business; and (iii) YM Cayman and YM Shareholders shall have, by executing this Agreement, approved the Key Persons’ execution and performance of these service contracts (collectively the “Service Contracts”).
