Key Man. A “Key Man” is any employee who is regularly and customarily employed by the Employer, and who has been so employed within the past six (6) months, and who, because of the special knowledge, skill and experience regarding the Employer’s operations, is considered necessary by the Employer to the efficient performance of work to be performed under this Agreement. The first Laborer employed shall be a “Key Man”. The second laborer employed shall be the Xxxxxxx, only if the Business Manager has appointed a Xxxxxxx. Thereafter, the contractor may fill every fourth Laborer position with a “key man” without regard to the procedures set forth in Section 3 below.
Key Man. The Borrower shall use commercially reasonable efforts to cause Jxxxxxx Xxxxxx to devote sufficient time to Borrower as is reasonably necessary to accomplish the Borrower’s business plan.
Key Man. The Chairman shall be terminated or resign as an officer and employee of the Parent or shall die or be incapable of performing his usual responsibilities as an officer or employee by reason of illness, disease or other disability for 30 days or more; or
Key Man. (This provision has been approved by the Compensation Committee of the Board of Directors.) In the event that during the Term of this Agreement the circumstance arises that the Employee does not report directly to Xxxxx Xxxx, Xxxx Xxxx, or Xxxxxxx Xxxx, Employee may terminate this Agreement, in writing, but in no event later than 90 days after such circumstance occurs. Compensation as a result of a Termination under this provision shall be treated the same as if the Employee had terminated for Good Cause (See Section 8(e), below).
Key Man. At the pre-job conference upon request of the Employer the Union may allow the use of one key man on a jobsite who needs not be a member of Local 231. The Employer must demonstrate that the job to be done calls for the use of special skills, experience or training which qualify the key man for work on the job. The first laborer on the job and the last laborer on the job shall be from Local 231. In the event that the Union allows the use of a key man the Employer shall be responsible for securing an employee authorization card allowing the check-off of all dues, training funds, annuity fund, IAF contribution and pension and health and welfare benefits for payment to Local 231 Clearing Account. In the event that the employee does not sign the authorization or check-off card the Employer shall be responsible for direct payment of all such amounts on a weekly basis. In the event the Employer fails to comply with this article the Union reserves the right to strike to obtain compliance.
Key Man. Bxxxx X. Xxxxx
Key Man. Each Employer, with more than five (5) full time covered employees, shall designate at least one key person for the shop. Key persons shall be paid a minimum of Fifty Cents ($.50) per hour above journeyman rate.
Key Man. The death or incapacitation of the primary shareholder of Foretold, LLC, Xxxxxx Xxxxxxx (the “key man”) will result in the proportional (ROC) return of capital remaining in this and all other Royalty Fee Agreements in this funding round. Upon success of this funding round, life insurance will be secured on the Key Man, Xxxxxx Xxxxxxx, to match the total capital invested through all Royalty Fee Agreements. This policy will be maintained for 24 months or until the fulfillment of this Agreement to insure the Loan Investors will be returned their original capital investment upon the death of the Key Man.
Key Man. Xxxxxxx Xxxxx shall beneficially own, directly or indirectly, a majority of the outstanding membership and other equity interests of Purchaser. Xxxxxxx Xxxxx shall not have died or become permanently disabled.
Key Man. Xxxx Xxxx shall continue to serve as the Company's Chief Executive Officer unless Xx. Xxxx shall have ceased to serve as the Company's Chief Executive Officer due to death or Disability (as defined in Section 22(e)(3) of the Code) or, to the extent Xx. Xxxx is not the Company's Chief Executive Officer, any such new Chief Executive Officer shall have been approved by the Purchasers holding at least 50% in principal amount of all then outstanding Tranche I Notes and Tranche II Notes.
