JOINT OWNERSHIP PHASE Sample Clauses

JOINT OWNERSHIP PHASE. For so long as Ets. Brancher is jointly owned, its activities shall be conducted by the personnel serving as its officers or in key positions selected from time to time by the Committee. It is understood and agreed that if the Committee selects a President Director General of Ets. Brancher over the formal objection of Jean-Xxxxxxx Xxxncher, the selection by the Committee shall be suspended for fourteen (14) days to allow Jean-Xxxxxxx Xxxncher the opportunity to present reasons for such objection to the Chief Executive Officer of Lennox. The Chief Executive Officer may either overrule the selection of the Committee or sustain its selection with reasons provided for the decision. In the event Jean-Xxxxxxx Xxxncher continues to object to the selection, he shall have all of the remedies otherwise available under the terms of this Amended Agreement. The staff of any company may include employees of either Shareholder who may be temporarily or permanently assigned to any one of Ets. Brancher. The Committee may decide that any such employee shall be made available for such period of time as to meet the needs of the company. For administrative convenience, the Committee may, at its discretion, request that payroll, benefit and related employment matters with respect to Ets. Brancher staff be handled through the respective Shareholder for those employees selected from that Shareholder. Upon such request, such payroll, benefits and related employment matters shall be handled by such Shareholder pursuant to a general services agreement to be entered into between Ets. Brancher and such Shareholder. The duties of the staff for Ets. Brancher shall be defined by the Committee.
Sample 1
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Related to JOINT OWNERSHIP PHASE

  • Joint Ownership 10 Annuitant............................................................... 10

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  • Construction Phase Part 1 –

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