INITIAL TRANSITION PERIOD. The Contractor shall work expeditiously to ensure transition of services from the incumbent vendor (if the incumbent is not the Contractor) to the Contractor by the Services Commencement Date. The Contractor shall provide the deliverables required in Exhibit J, DMS PMO Transition Plan Requirements. Failure to timely submit the transition plan shall result in a financial consequence of $10,000 per day from the first management payment. Failure to complete all milestones identified in Exhibit J, DMS PMO Transition Plan Requirements, within the Contractor’s control, shall result in a financial consequence of $10,000 per milestone, per day from the first management payment.
INITIAL TRANSITION PERIOD. During the initial period of transition, which is contemplated to take up to approximately six (6) months (but may in fact require a shorter or longer period), Consultant shall assist with and/or perform the following duties: • Work to transition his responsibilities to one or more executives designed by the Company. • Be available for consultation regarding manufacturing, procurement, quality and other operational matters. Consultant acknowledges that the consulting services hereunder will be most active during the initial transition period and may require a higher level of travel than that required after such period.
INITIAL TRANSITION PERIOD. Licensee Manufacturer currently markets product in the field under the Licensee Manufacturer Xxxx in the Territory, and the Parties recognize that a transition period is necessary to replace the product in the field sold under the Licensee Manufacturer Xxxx with Product sold under the Co-Brand. The Parties agree that it is their mutual intent that the transition be completed at the earliest possible date following execution of this Agreement (with 90 days to be the target date), with the Parties exercising their best efforts, taking into account: (a) utilization of existing inventory of product in the field currently marketed under the Licensee Manufacturer Xxxx; (b) preparation of the packaging and advertising material to market the Product; (c) effecting a smooth transition to the Product so as not to adversely affect current customers of product in the field sold under the Licensee Manufacturer Xxxx; and (d) assuring effective distribution of the Product.
INITIAL TRANSITION PERIOD. The Contractor shall work expeditiously to ensure transition of services from the incumbent vendor (if the incumbent is not the Contractor) to the Contractor by the Services Commencement Date. The Contractor shall provide the deliverables required in Exhibit J, DMS PMO Transition Plan Requirements. Failure to timely submit the transition plan shall result in a financial consequence of $10,000.00 per day from the first management payment. Failure to complete all milestones identified in Exhibit J, DMS PMO Transition Plan Requirements, within the Con of $10,000 per milestone, per day from the first management payment.
INITIAL TRANSITION PERIOD. The Contractor shall work expeditiously to ensure transition of services from the incumbent vendor (if the incumbent is not the Contractor) to the Contractor by the Services Commencement Date. The Contractor shall provide the deliverables required in Exhibit J, DMS PMO Transition Plan Requirements.
INITIAL TRANSITION PERIOD. Upon the commencement of the Transition Period and until September 30, 2022 (such period, the “Initial Transition Period”), I will no longer retain any officer or similar titles with the Company or any subsidiary, or serve in any such roles, but will instead continue to serve in an executive capacity, and initially be responsible for transition of the operational leadership of the Company to the person(s) selected by the Board (and who will report to the CEO, not me) to serve in my stead, and I will serve, as and to the extent from time to time specified by the Board or the CEO, as an advisor to the Company and such individual(s) to help support the Company’s business operations. It is anticipated and expected of me that, during the Initial Transition Period, I will devote approximately 75% of the time historically devoted by me to the continued performance of my duties for the Company, a significant portion of which will be by remote means. I will work on site from time to time as required by the CEO to attend meetings and similar group functions.
INITIAL TRANSITION PERIOD. During the Initial Transition Period, the Company will continue to pay me my Base Salary, but at a reduced amount equal to 75% of the amount in effect as of the end of the Pre-Transition Period, and to provide me with those fringe benefits and perquisites as paid or provided to me, or in which I participated, immediately prior to the start of the Initial Transition Period.
INITIAL TRANSITION PERIOD. With effect from the Effective Date and until completion of the Initial Transition Period, all commercial sales of the Product shall be for Cardiome's benefit, at Cardiome's cost and risk, subject to the terms of this Agreement and the Transitional Services Agreement (TSA), which is attached as Schedule 9. During the Initial Transition Period (as defined in the TSA), Basilea shall, as particularly set forth in the TSA, continue to operate the business in normal course and Cardiome shall receive the benefit of the sales of the Product from which shall be deducted Basilea’s costs of operating the business.
INITIAL TRANSITION PERIOD. The "Initial
INITIAL TRANSITION PERIOD. YoCream currently markets soft frozen yogurt product under the YoCream Mark in the Territory, xxx the Parties recognize that a transition period is necessary to replace the soft frozen yogurt sold under the YoCream Mark with Product sold xxxxr the Co-Brand. The Parties agree that it is their mutual intent that the transition be completed at the earliest possible date following execution of this Agreement (with 90 days to be the target date), with the Parties exercising their best efforts, taking into account: (a) utilization of existing inventory of soft frozen yogurt currently marketed under the YoCream Mark; (b) preparation ox xxe packaging and advertising material to market the Product; (c) effecting a smooth transition to the Product so as not to adversely affect current customers of soft frozen yogurt sold under the YoCream Mark; and (d) assuring xxxxctive distribution of the Product.
