Common use of Minimum retention Clause in Contracts

Minimum retention. LSG shall not terminate any Transitioned Employee employed by LSG who signs the Agreement and Release for a period of at least ninety (90) days following the Transitioned Employee's Employment Commencement Date for any reason other than "cause." For purposes of this provision, "cause" shall mean intentional or gross disregard of a material LSG rule or policy relating to employee conduct, or gross misconduct resulting, in either case, in material harm to LSG, or conviction for a felony or other crime involving moral turpitude.

Appears in 2 contracts

Sources: Merger Agreement (Atmos Energy Corp), Merger Agreement (Txu Corp /Tx/)