Key Managers. No Key Manager has given notice which has not yet expired terminating his or her employment.
Key Managers. Notwithstanding the foregoing, the Partnership shall have the right to disapprove of Manager's choice for hiring or designation of key managers of the Resort, whether such managers shall be employees of the Partnership or Manager. Such key managers shall include the Resort's general manager, food and beverage manager, casino manager, controller, executive assistant manager and other managers whose annual compensation exceeds $100,000 per year.
Key Managers. As of the date hereof, to Parent's knowledge, except as would not reasonably be expected, individually or in the aggregate, to have a Parent Material Adverse Effect, none of the key account managers of Parent or any of the Parent Subsidiaries has advised Parent or such Parent Subsidiary orally or in writing that he or she is terminating or considering terminating his or her employment with Parent or such Parent Subsidiary.
Key Managers. No key manager of a Group Company has given or received notice terminating his or her employment.
Key Managers. As of the date hereof, to the Company's knowledge, except as would not reasonably be expected, individually or in the aggregate, to have a Company Material Adverse Effect, none of the key account managers of the Company or any of the Company Subsidiaries has advised the Company or such Company Subsidiary orally or in writing that he or she is terminating or considering terminating his or her employment with the Company or such Company Subsidiary.
Key Managers. 27 SECTION 4.13 Taxes............................................27 SECTION 4.14 Employee Benefits Plans; Labor Matters...........27 SECTION 4.15
Key Managers. 19 SECTION 3.14 Taxes............................................19 SECTION 3.15
Key Managers. With respect to the key managers identified on Schedule 7.2(c) hereof, in the event Purchaser terminates (for any reason) the employment of up to three of them within the period between sixty and one-hundred-twenty days following the Closing, Purchaser shall notify Seller. At the time of termination of each such key manager, Purchaser shall pay such employee severance under Purchaser's policy plus such additional amount as would in total equal the severance benefit such employee would have received from Seller and Purchaser shall obtain a release from such employee including on behalf of Seller. Seller shall reimburse Purchaser for the total amount of the severance paid to such employee (but not exceeding what such employee would have received under Seller's severance policy) plus the amount of salary and cost of benefits for the period between the sixty-first day following Closing and the date of termination of such employee's employment with Purchaser.
Key Managers. Copies of all contracts of each and every Key Manager have been disclosed to the Purchaser together with a schedule of all current rates of remuneration and entitlement to benefits of all Key Managers. No Key Manager has given or been given notice of termination of his/her contract of employment.
Key Managers. 1.1 Telefónica acknowledges the importance of retaining and incentivising the following ten members of O2’s management (the “Key Managers”): Xxxxx Xxxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Xxx Xxxxxx Xxxxxx Xxxxxx Xxxx Xxxxxx Xxxxx Xxxx Xxxxxxxx Xxxxxx Xxxxxxxx
1.2 Telefónica agrees that, with effect from the date on which the Offer becomes or is declared unconditional in all respects (the “Unconditional Date”) each of the Key Managers (other than Xxxxxx Xxxxxx) will have an initial fixed term contract of two years and that the terms of Xxxxxx Xxxxxx’x service contract will be amended so that with effect from the Unconditional Date he will have an initial fixed term contract of four years.
1.3 Telefónica further agrees that O2 will make available a pool of up to £17 million (allocated on a basis to be agreed) to fund retention payments to the Key Managers. The eligibility of the Key Managers to participate in these payments will be conditional on their waiving their right to any compensation in respect of share scheme rights which did not fully vest on the change of control of O2, to which they would otherwise be entitled under their service contracts if their employment was terminated in the twelve months following the Unconditional Date. Payments will be conditional on the Key Managers (i) not having given notice to resign their employment; and (ii) not having been dismissed summarily (i.e. without notice or any payment in lieu of notice) in accordance with their service contract, in both cases prior to the second anniversary of the Unconditional Date and, subject thereto, will be made on that date.
