Common use of Management of Shared Employees Clause in Contracts

Management of Shared Employees. PEO will maintain the right to: (a) terminate, suspend, discipline, promote, demote, rehire or retire any of the Shared Employees for any reasons not prohibited by law; (b) increase or decrease any of the Shared Employees’ salaries and/or wages; and (c) grant extraordinary compensation to Shared Employees, including, but not limited to, bonuses, grants or warrants for stock options, or reimbursable employee expenses. Notwithstanding the foregoing, PEO delegates such responsibility to Client. Client agrees to give PEO at least three (3) days’ notice of the occurrence of any such event, unless the event is the actual termination of employment of an Shared Employee (for any reason), in which case Client agrees to provide such notice within one (1) business day of the event if feasible.