Manager’s Employees. (a) Manager shall have in its employ at all times a sufficient number of employees to enable it to professionally manage the Property in accordance with the terms of this Agreement. Owner shall have the right to require that Manager have a minimum or maximum number of employees at the Property and to approve or require the removal or replacement of any employee working at the Property. Manager shall prepare, execute and file all forms, reports and returns required by Applicable Laws. All payroll costs for on-site employees shall be at Owner's expense. All matters pertaining to the employment and supervision of such employees shall be the sole responsibility of the Manager, which in all respects shall be the employer of such employees, and Owner shall have no liability with respect to such matters. Notwithstanding the foregoing, Manager shall not, without consent of Owner, transfer any employee from the Property to a similar on-site position at a property in the area managed by Manager on behalf of a third party. (b) Manager shall employ at its sole expense a regional manager to oversee the operations of the Property who shall frequently, but not less than bi-weekly, visit the Property performing inspections and providing guidance and training to the on-site staff. The assignment of this regional manager to oversee the Property shall be approved by Owner. The regional manager's supervision of more than seven (7) properties including the Property or other considerations may be cause for Owner to withhold or rescind said approval. (c) Manager shall maintain, at Owner's expense, workers compensation (or other private insurance acceptable to Owner) for all on-site employees at limits not less than the statutory amount. Manager shall prepare, execute and file all forms, reports and returns required by Applicable Laws.
Appears in 3 contracts
Sources: Operating Agreement (Wellsford Real Properties Inc), Operating Agreement (Wellsford Residential Property Trust), Operating Agreement (Wellsford Real Properties Inc)