Transition Team Clause Examples
The Transition Team clause establishes a designated group responsible for managing and overseeing the transfer of responsibilities, knowledge, or operations from one party to another, typically during the conclusion or handover phase of a contract. This team may include representatives from both parties and is tasked with coordinating activities such as training, documentation handover, and ensuring continuity of service. Its core function is to facilitate a smooth and organized transition, minimizing disruptions and ensuring that all contractual obligations are properly fulfilled during the changeover period.
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Transition Team. Upon the execution and delivery of this Agreement, Parent and the Company will establish a team for the purpose of integrating the two entities (the "TRANSITION TEAM"). The Transition Team shall have six (6) members consisting of: Lorixx X. Xxxxxxx, Xxbexx Xxxxxx, xxo (2) members appointed by Parent and two (2) members appointed by the
Transition Team. The parties agree to create a transition team when a new principal is appointed at a school. The President of the Broward Teachers Union shall appoint one (1) member of the team. The Transition Team will assist in the transition of a new principal so that there is an easy and efficient change of leadership while the school continues to work toward its goal and objectives as specified in the School Improvement Plan.
Transition Team. Following execution of this Agreement, each of the Company and Purchaser shall cooperate with the other to assist Purchaser’s development of compliance and educational programs necessary and suitable for the combined businesses and an action plan for the implementation of such programs immediately following the Closing and the combination and integration of the businesses and operations of the Company and Purchaser at and following the Closing. In furtherance of and to carry out the foregoing, promptly following execution of this Agreement, the parties shall establish a transition planning team, which team shall be composed of one person from the Company selected by Seller, who shall have appropriate seniority and knowledge of the Company operations to assist with Purchaser’s transition planning (the “Seller Transition Team Designee”), and one or more persons from Purchaser (each, a “Purchaser Transition Team Designee”). Upon reasonable advance notice (including via email or telephone) by a Purchaser Transition Team Designee to the Seller Transition Team Designee, the Seller Transition Team Designee shall meet with the Purchaser Transition Team Designees at a reasonable location selected by the Seller Transition Team Designee no less than three (3) Business Days prior to the intended date of any such meeting; provided, that (a) the Seller Transition Team Designee shall not be required to meet with the Purchaser Transition Team Designees on more than three (3) occasions per month and (b) such meetings shall not disrupt in any material respect the performance of the Seller Transition Team Designee’s duties within the Company. Purchaser shall promptly, upon request by Seller, reimburse Seller for all reasonable documented out-of-pocket costs and expenses incurred by the Company and the Seller Transition Team Designee in complying with its covenants pursuant to this Section 5.15.
Transition Team. Promptly following execution of this Agreement, the parties shall establish a transition planning team (the “Transition Team”) comprised of an equal number of representatives of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for facilitating a transition and integration planning process to ensure the successful combination of the operations of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for developing, and monitoring the development of, and deliverables due under, an action plan for the combination of the businesses.
Transition Team. FNB and United shall create a transition team comprised of staff and representatives of United and staff and representatives of FNB (the “Transition Team”). The purpose of the Transition Team shall be to provide detailed guidance to FNB in fulfilling and consummating the Merger, to maintain open lines of communication between United and FNB, and to handle customer inquiries regarding the Merger. The Transition Team shall meet as necessary until the Effective Time. Members of the Transition Team shall receive no separate compensation for such service.
Transition Team. Following the execution of this Agreement, the Parties shall create a transition team with representatives of Buyer and Parent and shall request the participation of representatives of Colt to participate in the same. Each of the Parent, Buyer and, to the extent of its participation, Colt will appoint a transition coordinator. Each coordinator will be responsible for ensuring that the appropriate resources from their organization will be available to participate in meetings. The transition team shall:
a. Identify activities that should be subject to the Transition Services Agreement including activities currently performed by third party providers.
b. Identify assets in the Retained Subsidiaries or the PLG Subsidiaries that should be in the other entity.
c. Identify all IT licenses, including license agreements, etc.
d. Identify licenses that should be assigned to the Retained Subsidiaries or the PLG Subsidiaries or which may need to be shared or a substitute license obtained.
e. Identify leases that should be assigned or sublet in whole or in part to the Retained Subsidiaries or the PLG Subsidiaries.
f. Identify employees employed by the Retained Subsidiaries or the PLG Subsidiaries that, because they have performed functions for the other business should be employed by the other business.
g. Identify data used by the Retained Subsidiaries or the PLG Subsidiaries that is physically or logically located at the other business’s site.
h. Identify the trademarks, copyrights, domain names and patents used by the Retained Subsidiaries or the PLG Subsidiaries.
Transition Team. The Transition Team as defined in the ProComp Agreement.
Transition Team. The Transition team may include any/all of the following from the receiving school: ESE director, principal, mainstream classroom teacher, speech language pathologist, audiologist, teacher of the hearing impaired, psychologist. The team may also include the following staff from Xxxxxx Jacksonville: Director, educational staff, speech language pathologists, parents.
Transition Team. The Transition Manager shall use its commercially reasonable efforts to assist any Replacement Manager's transition team with respect to the transition of the Project Services and shall monitor the completion of the transition plan. The Manager shall (i) make available to the Transition Manager and any Replacement Manager's transition team or any of their respective duly authorized representatives, attorneys or auditors, copies of the contracts, leases and any other documents relating to the Projects, at such times as the Transition Manager or the Replacement Manager's transition team shall reasonably request which does not unreasonably interfere with the Manager's normal operations or customer or employee relations, (ii) enable such persons to examine and make copies of and abstracts from all records in the possession or under the control of the Manager relating to the Projects and (iii) enable such persons to visit the offices and properties of the Manager (during regular business hours and upon reasonable notice in advance thereof) for the purpose of examining such materials, and to discuss matters relating to the Manager's and/or the Company's financial condition, the performance of the Company or the Manager under any of the Transaction Documents to which it is a party, with any of the officers of the Manager or the Company having knowledge of such matters. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Transition Team. NewCo and Beckley shall create a transition team comprised of management of Beckley and staff and representatives of NewCo (the "Transition Team"). The purpose of the Transition Team shall be to provide detailed guidance to NewCo in fulfilling and consummating the Merger. The Transition Team shall meet as needed until the Effective Time. Members of the Transition Team shall receive no compensation for such service. After the Effective Time, the directors of Beckley shall serve as advisory, non-voting directors of Raleigh for a period of six (6) months. As advisory directors such persons shall attend meetings as requested, provide advice and information with regard to the previous operations of Beckley, actively support the operations of Raleigh and use their best efforts to cause the continuation of customer loan and deposit business with Raleigh. Advisory directors shall be paid Two Hundred Dollars ($200.00) per month.