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Employees and Operations Sample Clauses

Employees and Operations. Seller has no employees or operations other than the ownership of the Acquired Assets. Until the Termination Date, Seller will not engage in any operations or enter into any Contract other than as required to consummate the transactions contemplated by this Agreement.
Sample 1Sample 2Sample 3See All (5)
Employees and Operations. The Company’s current 400+ employees are expected to continue with the Company upon the closing of the Proposed Transaction and there will be no change to policyholder administration. The Applicants plan to maintain the Domestic Insurers’ Connecticut domiciliary status and have no plans to move operations out of Connecticut.
Sample 1
Employees and Operations. Following completion of the Proposed Transaction, the Domestic Insurers expect to maintain their Connecticut domiciliary status and operations, and the Applicants expect that the Company will retain the current 400+ employees following transaction close. Employment levels in Connecticut will be maintained consistent with the commitment provided to the CID by Hopmeadow Holdings, L.P. as part of the Capital Maintenance Plan dated May 2, 2018 to maintain approximately 315 employees for the Company and its subsidiaries in Connecticut for a four-year period following the closing of the acquisition of control of the Domestic Insurers by their current owners. The Company will remain in the current Windsor, CT office through a lease from The Hartford and may also retain the lease for the Woodbury, MN office. Consistent with the commitment provided to the CID by Hopmeadow Holdings, L.P. as part of the Capital Maintenance Plan dated May 2, 2018, the Domestic Insurers’ headquarters will remain in Connecticut. Much of the Domestic Insurers’ current operating model will remain in place. For example, all front- end policyholder servicing and administration will continue to be performed by the in-house Company team that has been servicing the business since inception. The Company will also continue to leverage third- parties (such as Cognizant and XX Xxxxxxxxx) for back-end contract administration processing, print and mail activities and IT production support and development, although certain functions have been transferred back in-house from Cognizant over the past two years. Given the planned continuity of the Company’s operating model, staff levels are expected to remain at or around current levels following the close of the transaction.
Sample 1
Employees and Operations 
Sample 1Sample 2Sample 3See All (4)

Related to Employees and Operations

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Communications and Operations Management a. Network Penetration Testing - DST shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • STANDARDS OF MANAGEMENT AND OPERATIONS In performing its obligations hereunder, during the term of this ESA, the Competitive Supplier shall exercise reasonable care to assure that its facilities are prudently and efficiently managed; that it employs an adequate number of competently trained and experienced personnel to carry out its responsibilities; that it delivers or arranges to deliver a safe and reliable supply of such amounts of electricity to the Point of Delivery as are required under this ESA; that it complies with all relevant industry standards and practices for the supply of electricity to Participating Consumers; and that, at all times with respect to Participating Consumers, it exercises good practice for a Competitive Supplier and employs Commercially Reasonable skills, systems and methods available to it.

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Delegation and Operation OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Managers and Officers The managers of Merger Sub immediately prior to the Effective Time shall be the managers of the Surviving Company and shall hold office until their respective successors are duly appointed, or their earlier death, resignation or removal. The officers of Merger Sub immediately prior to the Effective Time shall be the officers of the Surviving Company and shall hold office until their respective successors are duly appointed and qualified, or their earlier death, resignation or removal.

  • Continued Operations Continue at all times to conduct its business and engage principally in the same line or lines of business substantially as heretofore conducted.

Most Referenced Clauses

Most Referenced Definitions