Certain Key Employees Clause Samples
The 'Certain Key Employees' clause identifies specific individuals within an organization whose roles are considered critical to the success of a contract or business arrangement. This clause typically lists these employees by name or title and may require the company to ensure their continued involvement in the project or transaction. By doing so, it provides assurance to the other party that the expertise and leadership of these key personnel will be maintained, thereby reducing the risk of disruption or loss of value if such employees were to leave or be reassigned.
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Certain Key Employees. (i) The number of Key Managers who shall have ceased to be employed by an Acquired Company, whether voluntarily or involuntarily (excluding any Excluded Departures of Key Managers), shall not exceed the Key Manager Permitted Departure Number and (ii) the number of Key Employees in any Designated Functional Group who shall have ceased to be employed by an Acquired Company, whether voluntarily or involuntarily (excluding any Excluded Departures of Key Employees), shall not exceed the Permitted Departure Number with respect to such Designated Functional Group.
Certain Key Employees. Each of the employees of the Acquired Companies listed on Schedule 2.34 has executed and delivered to the Company an employment agreement or has accepted in writing an employment offer letter (with respect to each such employee, such employment agreement or offer letter being hereinafter referred to as an "Offer Letter"), each dated as of the date of this Agreement, to be effective at the Effective Time, and the Acquired Company employing such employee has executed and delivered to Parent a true and complete copy of each such fully executed Offer Letter.
Certain Key Employees. Each of the individuals named on Section 6.2(f) of the Acquiror Disclosure Schedules who has been designated by Acquiror to be a Transferred Employee shall have agreed to be actively employed by Acquiror or the Post-Closing Employer on a full-time basis as of the Closing Date and no such individual shall have provided notice of his or her intent to terminate employment with Acquiror or the Post-Closing Employer.
Certain Key Employees. The Company shall retain certain key employees, namely Alan Gaines, Amiel David and ▇▇▇▇▇▇▇ ▇▇▇en, ▇▇ ▇▇▇▇▇▇ue to ▇▇ ▇▇▇▇▇▇▇▇ in the management of the Company's affairs for a period of at least one (1) year from the Closing Date pursuant to employment agreements and noncompetition and nonsolicitation agreements to be executed and delivered on the Closing Date in substantially the form attached hereto as Exhibit C.
Certain Key Employees. 37 2.35 Non-Competition Agreements................................................................ 37 2.36 Disclosure................................................................................ 37
Certain Key Employees. 40 2.35 Disclosure......................................................................................... 40
Certain Key Employees. Each of ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ shall be actively employed by the Company Group on a full-time basis as of the Closing Date (in the case of ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, other than as a result of the death, incapacity, or disability of such person) and no such individual shall have provided notice of his or her intent to terminate employment with the Company Group; provided that, in each case any such change in employment status or delivery of notice of intent of or by any such Person to terminate employment with the Company Group proximately caused by (i) any repudiation by Purchaser of any of the material terms of the Key Employee Employment Agreement of such Person or (ii) any other material adverse action taken by Purchaser that resulted in such notice of intent shall be disregarded for purposes hereof.
Certain Key Employees. Buyer represents to Sellers that it intends to cause the Company to maintain for a period of at least two (2) years following Closing, at a minimum of their current compensation schedules (with performance-warranted raises), the following employees which have been identified by Sellers as key employees of the Company: Stev▇ ▇▇▇▇▇▇▇▇▇▇ Laur▇▇ ▇▇▇▇▇▇, ▇▇gineering Manager Tere▇▇ ▇▇▇▇▇▇, ▇▇rchasing Manager Dani▇▇ ▇▇▇▇▇▇, ▇▇ality Control This Section 5.3 with respect to continuity of employees shall be based upon performance only, and in the event Buyer, in its absolute discretion, determines performance to be unsatisfactory, this Section 5.3 shall not be construed to be an employment contract for the benefit of such employee or employees.