Management Transition. CSM shall provide technical management and commercial management services with respect to each Vessel which it continues to manage pursuant to the terms of this Agreement in the ordinary course of business as per the Subject Agreements until the Transition Completion. CSM will provide (including, for the avoidance of doubt, if necessary after the Transition Completion) the Remaining Support Services and any services to be provided pursuant to the Surviving Provisions for each Vessel related to the period under the commercial and technical management of CSM and/or its Affiliates.
Management Transition. (a) The SPAC acknowledges and agrees that (i) the existing directors and officers (other than the Officer Designee) of the SPAC as of the date of this Agreement shall resign from their respective positions as directors and officers of the SPAC and (ii) the candidates designated by the New Sponsor (including the Officer Designee) and consented to by the SPAC (which consent shall not be unreasonably withheld) (collectively, the “New Sponsor Designees”) shall by appointed as directors and officers of the SPAC in connection with the Closing.
(b) The Parties acknowledge and agree that the replacement of the directors of the SPAC cannot take effect until ten days after the mailing of an information statement to the SPAC shareholders in accordance with the requirements of Section 14(f) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 14f-1 under the Exchange Act (the “Schedule 14F”). Each of the Parties shall use its best efforts to prepare and coordinate the filing of the Schedule 14F with the SEC as promptly as reasonably practicable following the date of this Agreement.
Management Transition. The Managers shall cooperate in all reasonable ways in the transition of the operation and management of the Crystals Component to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Crystals Component as reasonably practicable.
Management Transition. Operator shall cooperate in all reasonable ways in the transition of the operation and management of the Condo-Hotel to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Condo-Hotel as reasonably practicable.
Management Transition. Upon execution of this Agreement, Xxxxxxx shall continue to act as General Manager of MM&S operations reporting directly to the President of the Buyer, and in fulfillment of any and all duties described above and herein, and until such time as the integration and transformation of MM&S into the Buyer are complete to the satisfaction of Buyer, or until such time as the Buyer shall relieve Xxxxxxx of said responsibilities, subject to the terms of the Employment Agreement.
Management Transition. Operator shall cooperate in all reasonable ways in the transition of the operation and management of the Hotel to Owner or Owner’s new operator and to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Hotel as reasonably practicable and, if such termination is an early termination prior to the expiration of the Term, notwithstanding the effective date of termination Operator shall cooperate in a good faith professional manner for up to ninety (90) days thereafter so long as any reasonable out of pocket costs incurred by Operator in connection therewith shall be reimbursed to Operator promptly upon request therefor. The provisions of this Section 9.3.6 shall govern with respect to specific matters relating to the transition of management of the Hotel.
Management Transition. From and after the date hereof, Seller will provide Purchaser with copies of any current income and expense reports concerning the Property in Seller’s actual possession as and when received by Seller. Seller agrees that Purchaser may contact Seller and its managing agent, if any, to obtain copies of and to discuss any income and expense reports prepared for the Property and to discuss the operation of the Property.
Management Transition. 1. Xxxxxx
X. Xxxxx will retain his position as Chairman of the Board of Directors, President and Chief Executive Officer of CCI for a period of six (6) months after the closing of the Offering. This period will be used to implement a transition of management which is intended to develop and promote the existing management team of CCI and to reduce the dependence upon the Crowns for day-to- day management. During this transition period, Mr. Xxxxx will continue to groom his successor, who will report to Mr. Xxxxx during such period. Mr. Xxxxx's successor shall, after consultation with, and giving due regard to the recommendation of, Mr. Xxxxx, be selected by the CCI Board and shall be approved by each of the CCI and Crown Castle Boards of Directors, and such successor will assume the title of President and Chief Executive Officer of CCI at the end of such six-month transition period (or possibly earlier, if agreed by Mr. Xxxxx and the CCI Board of Directors). Also during this transition period, Crown Castle and the Crowns will work together to address other management needs, including (a) recruitment of additional management personnel as needed; (b) clarification and communication of the organizational structure, functions and reporting obligations within Crown Castle and CCI; (c) expanding the sales and marketing department which is specifically responsible for lease-ups and third party revenues; and (d) developing and implementing improved financial reporting functions throughout Crown Castle.
2. At the completion of the six-month management transition period, Mr. Xxxxx will retain his position as a director of Crown Castle and will remain Chairman of the Board of Directors of CCI, assuming satisfactory implementation of the foregoing transition, but will no longer serve as President and Chief Executive Officer of CCI. Prior to the printing of the preliminary prospectus relating to the Offering, Mr. Xxxxx and Crown Castle will enter into a mutually satisfactory two-year agreement to take effect at the completion of the management transition period (or earlier, if agreed by Mr. Xxxxx and the CCI Board of Directors) and which will address the following, as well as any additional points agreed upon by the parties:
Management Transition. MAS and the Company agree that XXX will retire from his executive positions on or before May 15, 2024, and that they will work together towards an orderly transition of MAS’ various responsibilities. The timing of such changes will be determined by the Company. It is the current intention that MAS may continue in his roles on the Board of Directors for some as yet undetermined period of time subject to agreement otherwise between MAS and the Company. Post-transition, MAS will continue to make himself available to the Company on an ‘as needed’ consulting basis, as requested, on terms to be negotiated
Management Transition. Xxxxxx shall continue to use his best efforts to facilitate the effective transition to the Company's management of all customer relationships and other material business relationships, and to preserve the Company's goodwill with other parties.
