PLANNING AND TRANSITION Sample Clauses

PLANNING AND TRANSITION. Section 2.01 Transition Period 12 Section 2.02 Transition Plans 13 Section 2.03 Performance Targets 13 ARTICLE III
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PLANNING AND TRANSITION. Unless otherwise described in the MPLFA, all products and staffing levels outlined will be in place effective with the Full Launch Date, on May 1, 2013. Floorplan Santander Consumer Finance (SCF), the business unit of Santander that focuses on consumer and dealer lending, has a worldwide portfolio of over $100B, including $62B in consumer auto and $4B in dealer floorplan. SCF supports 9 OEMs with 37 captive agreements in 12 countries. SCUSA will leverage this expertise and dedicated resources in dealer lending to immediately begin building the infrastructure required to facilitate floorplan lending capabilities – both people and systems, as outlined below. Once we have been selected by Chrysler, but prior to executing an LOI, we will begin the process to have the following key elements either completed or materially completed within [***] days: • [***] existing high performing SCUSA sales employees will immediately be trained and reallocated to Chrysler account (training is expected to take [***] days); • Begin HR process to hire an additional [***] new sales reps (to get to [***] total) to be trained and allocated to Chrysler account. This dedicated Chrysler sales group will support all Chrysler products, including retail, commercial and dealer lending; • [***] existing SCUSA regional managers will be reallocated to Chrysler, with additional [***] hired through HR process (to get to [***] total); • [***] • A simple retail/wholesale bundle strategy will be developed to maximize dealer loyalty and support the brand (necessary to increase opportunity for wholesale conquests); • Miscellaneous related products such as wholesale insurance will be finalized. *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of a confidential treatment request. [***] Implementation timeframe:

Related to PLANNING AND TRANSITION

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  • TRAINING AND EMPLOYEE DEVELOPMENT 9.1 The Employer and the Union recognize the value and benefit of education and training designed to enhance an employee’s ability to perform their job duties. Training and employee development opportunities will be provided to employees in accordance with college/district policies and available resources.

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