INITIAL PERSONNEL Sample Clauses

INITIAL PERSONNEL. Prior to the Closing Date and to the extent possible, the Parties shall identify in the Operating Agreement those employees of each Party if any, whose employment shall be initially transferred from the Party to NagraStar. In addition, the Parties shall, to the extent possible, make available those persons, if any, who, although remaining in the employ of the Parties, shall become available to render services to NagraStar. The Parties shall be reimbursed for the services rendered to NagraStar by employees described in the preceding sentence in accordance with the Operating Agreement.
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INITIAL PERSONNEL. Within five (5) days of the Effective Date, ----------------- CarsDirect and Autoland employees will work together to service the customers which CarsDirect desires to service with the assistance Autoland (the "CarsDirect Customers") in accordance with the Organizational Chart attached -------------------- hereto as Exhibit B which may be amended at any time with the consent of both parties. The Autoland employees listed on Exhibit B shall be referred to as the "Dedicated Autoland Employees." It is acknowledge that some of the Dedicated Autoland Employees will service CarsDirect Customers only part time and continue to work on behalf of Autoland with the remainder of their time. All matters pertaining to the employment, supervision, compensation, promotion and discharge of the Dedicated Autoland Employees shall be the responsibility of Autoland. Autoland will assist CarsDirect in hiring and training new CarsDirect employees to work in the Autoland Office Space (as defined in subsection b below). The initial Dedicated Autoland Employees and the initial CarsDirect employees to work in the Autoland Office Space will be named in Exhibit B.
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INITIAL PERSONNEL. All employees of MNB primarily employed as of the execution date of this Agreement in the conduct of MNB's retail first lien residential mortgage loan origination business are listed on EXHIBIT H. The Company agrees that it will offer employment to a significant number of existing processing employees and mortgage loan officers (to be retained either in the current type of position or offered another assignment in the Joint Venture Business) listed on EXHIBIT H. All employees of RFC who are candidates for employment in the Company for the purposes of the initial staffing of the Company shall be listed on EXHIBIT H. As early as practical, but not later than fifteen (15) business days following the execution date of this Agreement, the Company will notify MNB and RFC of the names of the employees to whom the Company intends to offer employment on the Employee Transfer Date provided said employees are employees of MNB or RFC (as applicable) at the end of the Business Day immediately prior to the Employee Transfer Date. MNB and RFC shall use their reasonable efforts to assist the Company in obtaining employment of those employees to whom the Company desires to offer employment. Any severance pay, unemployment compensation, COBRA benefits or any other expenses associated with any employees related to their employment at MNB or RFC (as applicable) prior to the Employee Transfer Date shall be the sole responsibility of MNB or RFC (as applicable). Any compensation due any employee for loans closed prior to the Employee
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Related to INITIAL PERSONNEL

  • ESSENTIAL PERSONNEL For a period of one year commencing on the effective date of this Agreement, the Adviser and the Fund agree that the retention of (i) the chief executive officer, president, chief financial officer and secretary of the Adviser and (ii) each director, officer and employee of the Adviser or any of its Affiliates (as defined in the Investment Company Act of 1940, as amended (the "1940 Act")) who serves as an officer of the Fund (each person referred to in (i) or (ii) hereinafter being referred to as an "Essential Person"), in his or her current capacities, is in the best interest of the Fund and the Fund's shareholders. In connection with the Adviser's acceptance of employment hereunder, the Adviser hereby agrees and covenants for itself and on behalf of its Affiliates that neither the Adviser nor any of its Affiliates shall make any material or significant personnel changes or replace or seek to replace any Essential Person or cause to be replaced any Essential Person, in each case without first informing the Board of Trustees of the Fund in a timely manner. In Addition, neither the Adviser nor any Affiliate of the Adviser shall change or seek to change or cause to be changed, in any material respect, the duties and responsibilities of any Essential Person, in each case without first informing the Board of Trustees of the Fund in a timely manner.

  • Personnel Provide, without remuneration from or other cost to the Trust, the services of individuals competent to perform the administrative functions which are not performed by employees or other agents engaged by the Trust or by the Adviser acting in some other capacity pursuant to a separate agreement or arrangement with the Trust.

  • Management Team Subject to any approval or consulting rights of the --------------- Joint Operations Committee, Manager shall engage or designate one or more individuals experienced in dental group management and direction, including, but not limited to, an administrator, who will be responsible for the overall administration of the Practice including day-to-day operations and strategic development activities.

  • Manager Personnel The Manager shall authorize and permit any of its directors, officers and employees who may be elected or appointed as Trustees or officers of the Trust to serve in the capacities in which they are elected or appointed. Services to be furnished by the Manager under this Agreement may be furnished through the medium of any of such directors, officers, or employees.

  • Control Persons The obligations of the Company under this Section shall be in addition to any liability which the Company may otherwise have and shall extend, upon the same terms and conditions, to each person, if any, who controls any Placement Agent within the meaning of the Act; and the obligations of the Placement Agent under this Section shall be in addition to any liability which the Placement Agent may otherwise have and shall extend, upon the same terms and conditions, to each director of the Company, to each officer of the Company who has signed the Registration Statement and to each person, if any, who controls the Company within the meaning of the Act.

  • Key Personnel C4.1 The Contractor acknowledges that the Key Personnel are essential to the proper provision of the Services to the Authority.

  • Changes to Personnel It will promptly notify Servicer in the event that it undergoes significant management or staffing changes which would negatively impact its ability to fulfill its obligations under this Agreement.

  • Employees; Independent Contractors During Executive's employment and the One Year Limitation Period, Executive will not, without Company's prior written consent, call upon, solicit, recruit, or assist others in calling upon, soliciting or recruiting any person who is or was an employee of Company during the One Year Restrictive Period.

  • Review Systems; Personnel It will maintain business process management and/or other systems necessary to ensure that it can perform each Test and, on execution of this Agreement, will load each Test into these systems. The Asset Representations Reviewer will ensure that these systems allow for each Review Receivable and the related Review Materials to be individually tracked and stored as contemplated by this Agreement. The Asset Representations Reviewer will maintain adequate staff that is properly trained to conduct Reviews as required by this Agreement.

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