Leasing of Employees. ResCap agrees to lease to RTC, and RTC agrees to accept the services of, each Employee listed on Schedule 1 (the “Leased Employees”), for the period commencing as of the Closing Date and ending on March 31, 2009, or such earlier or later date as mutually agreed in writing by ResCap and RTC (the “Transition Period”). Schedule 1 may be modified after the date hereof to remove the name of a Leased Employee listed therein (i) by RTC if such Leased Employee, had he or she been an RTC employee, becomes terminable for “cause” in accordance with RTC’s normal employment practices and procedures, (ii) by RTC on two weeks’ written notice to ResCap that the Leased Employee’s services are no longer required; or (iii) by ResCap if such Leased Employee becomes terminable for “cause” in accordance with ResCap’s normal employment practices and procedures or if such Leased Employee voluntarily terminates employment with ResCap. Each party agrees that any person removed from Schedule 1 in accordance with this Section 1 shall no longer be a Leased Employee under this Agreement.
Leasing of Employees. The Lessor currently employs or has otherwise retained the services of those professionals and staff set forth on Attachment A (the “Hospital Staff”). Lessor agrees to lease such individuals to Company to occupy and perform the functions of the positions set forth in Attachment A for the purposes of providing services to Company in the operation of the Hospital. Lessor shall engage in good faith efforts to employ or otherwise retain professionals, clinicians and other staff to occupy and perform the functions set forth in Attachment A during the term of this Agreement. This shall include listing the Company’s available positions in printed advertisements and handling orientation functions for any newly hired employees. Company further agrees that the Hospital Staff shall be subject to Lessor’s compliance policies and procedures. Lessor shall assist the Company in obtaining liability and other customary and required types of insurance on behalf of the Hospital Staff pursuant to the provisions of the Management Services Agreement (as defined below). Lessor and its Affiliates will be endorsed as additional insureds on the commercial general liability and professional liability policies of the Company described above, including any excess (umbrella) policies to the extent applicable. The insurance coverages required above, through a policy or endorsement, will include a provision that the policy and endorsements relevant to this Agreement may not be canceled or modified without thirty (30) days’ prior written notice to Lessor. The Company will furnish a certificate of insurance to Lessor prior to the commencement of the lease of the Hospital Staff, showing compliance with the provisions of this Section 1.
Leasing of Employees. RFC agrees to lease to GMAC, and GMAC agrees to accept the services of, each Employee listed on Schedule 1 (the “Leased Employees”), for the period commencing as of the date hereof and ending on December 31, 2008, or such later date as mutually agreed in writing by RFC and GMAC (the “Transition Period”). Schedule 1 may be modified after the date hereof to remove the name of a Leased Employee listed therein (i) by GMAC if such Leased Employee, had he or she been a GMAC employee, becomes terminable for “cause” in accordance with GMAC’s normal employment practices and procedures, or (ii) by RFC if such Leased Employee becomes terminable for “cause” in accordance with RFC’s normal employment practices and procedures or if such Leased Employee voluntarily terminates employment with RFC. Each Party agrees that any person removed from Schedule 1 in accordance with this section shall no longer be a Leased Employee under this Agreement. 15.
Leasing of Employees. Each party, when a Lessor, agrees to lease certain employees who appear on the payroll records of such Lessor or its subsidiaries to the Lessee to perform services for the Lessee in addition to the services that such employees perform for the Lessor. The number, identities, positions, duties, qualifications, experience, education, and skills of such employees shall be as agreed by the parties from time to time. Such employees may include, but are not limited to, appointed and elected officers who provide services to both NMIC and NF.
Leasing of Employees. UBE agrees to lease to UBE Fuels the services of those employees as requested by UBE Fuels to operate its business and to manage such individuals in accordance with the terms of this Agreement.
Leasing of Employees
