Transition Personnel. (a) It is recognized and understood that in order to provide a smooth transition and to efficiently service the Assets and liabilities during the Transition Period, it will be necessary for personnel, including certain former employees of the Failed Bank or other personnel ("Transition Personnel") to perform services for both the Lead Acquirer and Non-Lead Acquirers. The Lead Acquirer shall hire directly or contract through a temporary employment agency such employees, who may be either former employees of the Failed Bank or other personnel (or the Lead Acquirer may assign its employees) as are required by the Lead Acquirer to provide transition services during the Transition Period. All Transition Personnel shall report to and be managed by the Lead Acquirer; provided, that the Transition Personnel shall not take any of the following actions with respect to any Asset without the prior written consent of the Acquirer who owns such Asset at the time such action is initiated: any advance of funds or credit, and any commitment to advance funds or credit; any modification, extension, forgiveness, renewal, or other material change in the terms and conditions of any agreement governing such Asset, including, without limitation, any release of collateral; any exercise of any default remedy (including, without limitation, the initiation of any foreclosure or enforcement proceedings); the retention of any outside professional assistance (including, without limitation, the advice of outside legal counsel or accountants); or any material expenditure to preserve the value of such Asset.
Transition Personnel. (a) SilverCrest shall, and it shall cause the SilverCrest Subsidiaries to allow certain Retained Personnel whose ordinary employment is primarily in Mexico and who are identified by SpinCo not later than 30 days prior to the Effective Date to agree to make themselves available without cost on an “as needed” basis during a period of three months from the Effective Date to provide such support as may reasonably be requested by SpinCo in connection with the transition of its business.
Transition Personnel. As part of the transition of distribution purchasing from WO’s current primary distributor to UNFI, UNFI and WO recognize that certain existing shelf tags for certain items on the APL must be replaced. [CONFIDENTIAL](30). The timetable for the completion of all retagging, and the process by which retagging will proceed, will occur over a nine-month period on a timetable mutually agreeable to the parties.
Transition Personnel. For a period commencing on the Closing Date and ending no later than the date 30 days following the Closing Date (the "Transition Personnel Period"), the Sellers shall make available (or shall cause their Affiliate(s) to make available) to the Buyer those Business Employees who have not been employed by the Buyer or an Affiliate thereof and to the extent such employees remain in the employment of a Seller or any Affiliate thereof to assist the Buyer with the Transition Operations. During such Transition Personnel Period, costs and expenses to be paid in connection with providing the personnel support contemplated in this section shall be allocated as follows: (i) the Buyer and the Sellers shall each pay 50% of the costs and expenses related to salaries (including the costs of employee benefits where such benefits constitute an additional thirty percent (30%) of salary); and (ii) the Buyer shall pay 100% of any other costs and expenses (including travel and entertainment). The Sellers shall be solely responsible for all such costs and expenses incurred by the Sellers for all periods prior to and after the Transition Personnel Period.
Transition Personnel. The individuals currently engaged in the manufacture of scanners and spare parts (the "Transition Personnel") are: Xxxxx Xxxxxx Xxx Xxxxxx Xxxxxxx (Xxxxxxx) XxXxxxx Xxxxx Phlek Xxxxxxx Xxxxx Xxx Xxxxxx Xxxxx Xxxxxxxx Hung Xxxxx Xxx Van Le Xxxxxx Xxxxxxx
Transition Personnel. As part of the transition of distribution purchasing from WO's current primary distributor to TOL, TOL and WO recognize that all existing shelf tags for all items on the APL must be replaced. TOL agrees that it will provide, at its cost, the necessary labor per store to retag all Products on the APL under the supervision of one WO employee per Store. TOL shall provide sufficient trained personnel to complete an average 24,000 square foot store in forty-eight (48) hours. All retagging activities will be subject to WO reasonable approval. The time table for the completion of all retagging, and the process by which retagging will proceed, is set forth on Exhibit R to this Agreement.
