Key Management Employees Sample Clauses
The 'Key Management Employees' clause defines which individuals within an organization are considered essential to its management and operations. Typically, this clause lists specific roles or titles—such as CEO, CFO, or other senior executives—or sets criteria for determining who qualifies as a key management employee. It may also outline the responsibilities or decision-making authority that distinguishes these employees from others. The core function of this clause is to clearly identify the personnel whose actions or departures could significantly impact the company, thereby ensuring clarity in contractual obligations, reporting, or change-of-control provisions.
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Key Management Employees. Prior to the Qualifying IPO, permit any Key Management Employee to: (a) no longer be employed in the role and capacity held by such Key Management Employee on and as of January 1, 2023 and/or (b) not perform the same level of functions and duties performed by such Key Management Employee on and as of January 1, 2023.
Key Management Employees. Prior to the execution of this Agreement, Buyer has provided by letter to Seller dated the date hereof a list of the Company's key management employees ("Key Management Employees") with whom Buyer would like to enter into employment agreements to take effect on the Closing. Buyer may, not later than thirty (30) days following the date of this Agreement, terminate this Agreement based on its failure to enter into employment agreements with the Key Management Employees, provided Buyer has used its best efforts to do so. If Buyer does not timely give written notice of its decision to terminate this Agreement pursuant to this Section 7.4, then Buyer shall be deemed to have waived this condition to Closing and to have waived any right to terminate this Agreement by reason of such failure.
Key Management Employees. Buyer shall have entered into ------------------------ employment contracts with the Key Management Employees pursuant to Section 7.4 (provided that this condition shall be waived or deemed waived by Buyer in the circumstances described in Section 7.4).
Key Management Employees. Permit any Key Management Employee to: (a) no longer be employed in the role and capacity held by such Key Management Employee on and as of October 1, 2024 and/or (b) not perform the same level of functions and duties performed by such Key Management Employee on and as of October 1, 2024.
Key Management Employees. (a) Each of Customer and RIT shall appoint a relationship manager who shall be the employee responsible for the performance of this Agreement and shall be the other party's principal contact.
(b) Each party shall exert reasonable efforts to correct performance problems of employees which are brought to its attention by the other party, or to reassign the employees involved.
Key Management Employees. From May 29, 1997 through the date hereof and through the Closing, each of ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ have used and shall use their respective best efforts to ensure the continued employment of Key Management Employees (other than ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇) after the Closing on terms substantially similar to those on which CDSI employees of similar rank and with similar responsibility are currently employed, subject to the increases contemplated by Section 5.01(b)(viii).