Management Employees. (A) Manager shall employ capable personnel for the proper on-site maintenance and operation of the Property in accordance with the terms of this Agreement. Such on-site personnel shall be employees of Manager and all matters pertaining to such personnel, including their employment, supervision, compensation, promotion and discharge, shall be the responsibility of Manager. (B) Manager shall be reimbursed for all of the gross salary or wages, including, without limitation, reasonable bonuses, reasonable vacation pay, payroll taxes, insurance, worker’s compensation, and Manager’s standard sick pay, and other reasonable benefits and payroll burdens of Manager’s employees required to properly, adequately, safely and economically manage, operate and maintain the Property but excluding any of Manager’s management, account and office personnel who supervise and direct Manager’s on-site employees. The number of the on-site employees and amounts of their compensation may be adjusted annually, as may be reflected in the Budget approved by Owner. Manager is hereby authorized to reimburse itself the payroll expense as defined in this Section 2.2(B) from the Operating Account no more than three (3) business days prior to each actual payroll date. (C) Manager shall fully comply with all Legal Requirements relating to worker’s compensation, social security, unemployment insurance, wages, hours, working conditions and other matters pertaining to Manager’s personnel. Manager shall indemnify, defend and hold harmless Owner and any Owner Indemnified Party from and against any and all Damages relating to Manager’s failure to comply with this Section 2.2(C), and Manager’s obligations to indemnify, defend and hold harmless under this Section 2.2(C) shall survive the termination or expiration of this Agreement. (D) Manager shall be solely responsible for its personnel in the event of the termination of this Agreement.
Appears in 1 contract
Sources: Property Management Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Management Employees. (A) Manager shall employ capable personnel for the proper on-site maintenance and operation of the Property in accordance with the terms of this Agreement. Such on-site personnel shall be employees of Manager and all matters pertaining to such personnel, including their employment, supervision, compensation, promotion and discharge, shall be the responsibility of Manager.
(B) Manager shall be reimbursed for all of the gross salary or wages, including, without limitation, reasonable bonuses, reasonable vacation pay, payroll taxes, insurance, worker’s 's compensation, and Manager’s 's standard sick pay, and other reasonable benefits and payroll burdens of Manager’s 's employees required to properly, adequately, safely and economically manage, operate and maintain the Property but excluding any of Manager’s 's management, account and office personnel who supervise and direct Manager’s 's on-site employees. The number of the on-site employees and amounts of their compensation may be adjusted annually, as may be reflected in the Budget approved by Owner. Manager is hereby authorized to reimburse itself the payroll expense as defined in this Section 2.2(B) from the Operating Account no more than three (3) business days prior to each actual payroll date.
(C) Manager shall fully comply with all Legal Requirements relating to worker’s 's compensation, social security, unemployment insurance, wages, hours, working conditions and other matters pertaining to Manager’s 's personnel. Manager shall indemnify, defend and hold harmless Owner and any Owner Indemnified Party from and against any and all Damages relating to Manager’s 's failure to comply with this Section 2.2(C), and Manager’s 's obligations to indemnify, defend and hold harmless under this Section 2.2(C) shall survive the termination or expiration of this Agreement.
(D) Manager shall be solely responsible for its personnel in the event of the termination of this Agreement.
Appears in 1 contract
Sources: Property Management Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Management Employees. (A) Manager shall employ capable personnel for the proper on-site maintenance and operation of the Property in accordance with the terms of this Agreement. Such on-site personnel shall be employees of Manager and all matters pertaining to such personnel, including their employment, supervision, compensation, promotion and discharge, shall be the responsibility of Manager.
(B) Manager shall be reimbursed for all of the gross salary or wages, including, without limitation, reasonable bonuses, reasonable bonuses and vacation pay, payroll taxes, insurance, worker’s compensation, and Manager’s standard sick pay, and other reasonable benefits and payroll burdens of Manager’s employees required to properly, adequately, safely and economically manage, operate and maintain the Property but excluding any of Manager’s management, account and office personnel who supervise and direct Manager’s on-site employees. The number of the on-site employees and amounts of their compensation may be adjusted annually, as may annually and shall be reflected in the Budget to be approved by Owner. Manager is hereby authorized to reimburse itself the payroll expense as defined in this Section 2.2(B) from the Operating Account no more than three (3) business days prior to each actual payroll date.
(C) Manager shall fully comply with all Legal Requirements relating to worker’s compensation, social security, unemployment insurance, wages, hours, working conditions and other matters pertaining to Manager’s personnel. Manager shall indemnify, defend and hold harmless Owner and any Owner Indemnified Party from and against any and all Damages relating to Manager’s failure to comply with this Section 2.2(C), and Manager’s obligations to indemnify, defend and hold harmless under this Section 2.2(C) shall survive the termination or expiration of this Agreement.
(D) Manager shall be solely responsible for its personnel in the event of the termination of this Agreement.
Appears in 1 contract
Sources: Property Management Agreement (Bluerock Enhanced Multifamily Trust, Inc.)