Common use of Covenant Not to Hire General Manager and/or Technical Manager Clause in Contracts

Covenant Not to Hire General Manager and/or Technical Manager. In the event of the termination of the Managing Member under any circumstances, the Board of Managers, Company, and any replacement managing member or outside management firm shall not hire the General Manager and/or Technical Manager who were provided by the Managing Member without the written consent of the Managing Member for three (3) years subsequent to the date of termination. This covenant shall be expressly included as a term of any agreement retaining a replacement Managing Member or an outside managing firm.

Covenant Not to Hire General Manager and/or Technical Manager. In the event of the termination of the Managing Member under any circumstances, the Board board of Managers, Company, and any replacement managing member or outside management firm shall not hire the General Manager and/or Technical Manager who were provided by the Managing Member without the written consent of the Managing Member for three (3) years subsequent to the date of termination. This covenant shall be expressly included as a term of any agreement retaining a replacement Managing Member or an outside managing management firm.