Management Continuity Agreement Sample Clauses

Management Continuity Agreement. CILCORP Inc. and the Key Employee are parties to a certain Management Continuity Agreement dated April 22, 1998 ("Management Continuity Agreement'). Simultaneously with the execution of this Agreement, CILCORP Inc. and the Key Employee have entered into a Termination Agreement whereby the Management Continuity Agreement is dissolved, rescinded, cancelled and terminated, and shall be, as of Effective Date, of no further force and effect.
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Management Continuity Agreement. Effective as of the Effective Time, IBC shall have entered into a Management Continuity Agreement with the Chief Executive Officer of MSB in the form of attached Exhibit D.
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Management Continuity Agreement. The Company and Executive shall enter into a Management Continuity Agreement, as of the Effective Date, substantially in the form set forth on Attachment 4 hereto.
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Management Continuity Agreement. Simultaneously with the execution and delivery of this Agreement, Firstbank shall enter into a Management Continuity Agreement with Executive in the form attached as Appendix A to this Agreement, which shall be effective as of the Effective Time of the Merger and which shall provide Executive with the benefits described in that Management Continuity Agreement. For a period of two years after the Effective Time of the Merger, the provisions of Section 11(b) and 11(c) of this Agreement shall supersede any conflicting provisions in the Management Continuity Agreement. Beginning two years after the Effective Time of the Merger, the provisions of Section 7 (Noncompetition) of the Management Continuity Agreement shall be in full force and effect.
Sample 1
Management Continuity Agreement. CILCORP Inc. and the Key Employee are parties to a certain Management Continuity Agreement dated April 7, 1998 ("Management Continuity Agreement"). Simultaneously with the execution of this Agreement, CILCORP Inc. and the Key Employee have entered into a Termination Agreement whereby the Management Continuity Agreement is dissolved, rescinded, cancelled and terminated, and shall be, as of the Effective Date, of no further force and effect. KEY EMPLOYEE: COMPANY: CENTRAL ILLINOIS LIGHT COMPANY /s/ Xxxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxx Xxxxx X. Xxxxx Xxxxxxx X. Xxx, Chairman of the Board
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Management Continuity Agreement. Notwithstanding the foregoing, in the event that Employee is entitled to receive any severance payments or benefits under Section 2 of the Amended and Restated Management Continuity Agreement entered into by and between the Company and Employee dated December , 2008, then the Company shall have no obligation to make any payments or provide any benefits to Employee or to his surviving spouse or estate under this Section V.
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Management Continuity Agreement. Your Management Continuity Agreement will terminate on the date of your separation agreement.
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Related to Management Continuity Agreement

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • INVESTMENT MANAGEMENT AGREEMENT Separate written agreements entered into (i) by the Manager and the Master Fund and (ii) by the Manager and the Company, pursuant to which the Manager provides investment management services to the Master Fund.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • Master Services Agreement This Agreement is a master agreement governing the relationship between the Parties solely with regard to State Street’s provision of Services to each BTC Recipient under the applicable Service Modules.

  • Services Agreement The Company has entered into the Services Agreement with the Sponsor pursuant to which the Sponsor will make available to the Company general and administrative services including office space, utilities and secretarial support for the Company’s use for $10,000 per month, subject to adjustment as provided for in the Services Agreement. Prior to the consummation of a Business Combination, the Company shall not enter into any other arrangement for the provision of such services with any Insider that will require the Company to pay in excess of $10,000 per month for such services.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Transition Agreement At Closing, Buyer and Seller shall execute the applicable Transition Agreements.

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