Personnel Arrangement. Party B shall cause the senior officers and other key staff of LXHD (i.e. Management Team, as listed in Schedule C hereto) to enter into a service contract of two years (starting from the Closing Day) with the New Company prior to the Closing. Both the form and content of such service contract must be satisfactory to Party A.
Personnel Arrangement. In order to ensure stable operation of Xieheng Telecommunications, it is unanimously agreed by the Parties that they shall work together to maintain the stability of the incumbent employees. Within 90 days after execution of this Agreement, the Acquirer shall confirm the list of the employees who will not be retained. For the general managers of branches/subsidiaries and the department managers or higher level employees of the Target Company who will not be retained, the Transferor shall be responsible for their severance payment, social insurance fees, social security fees, housing provident funds, welfare fees, etc, or such amount shall be deducted from the Acquisition Consideration. However, the Xieheng Telecommunications after acquisition shall be responsible for such amount for the other employees not to be retained other than the general managers of branches/subsidiaries and the department managers or higher level employees of the Target Company.
Personnel Arrangement. Party B shall undertake to cause the chief officers and other necessary staff of Startone (i.e. Management Team, as listed in Schedule C) to execute a service contract with the New Company prior to the Completion in the form and content satisfied by Party A and with a term of two years (from the Completion Date).
Personnel Arrangement. After the completion of the equity transfer, Zhongxian Information will obtain Shangzhi Yulong’s management right. Zhongxian Information will appoint the Shangzhi Yulong’s original management team to keep on conducting its management, meanwhile. Zhongxian Information shall appoint a director of Shangzhi Yulong to participate in the management of the company and perform all the director’s responsibilities and obligations pursuant to the provisions of the company’s articles of association.
Personnel Arrangement. Shenzhen Errui shall have the right to retain or terminate all or some of existing employees of Shenzhen Jiajinlong and the dismissal compensation shall be borne by Shenzhen Jiajinlong. During the term of the Management Agreement, Shenzhen Errui shall have the right to employ employees to manage the Land and the Property and absolute authority over the personnel arrangement. For employees employed for purpose of the management of the Land and the Property, Shenzhen Errui shall have the right to request Shenzhen Jiajinlong to enter into the relevant labour services agreements with such employees, with costs to be borne by Xxxxxxxx Xxxxx. For the employees that were employed by Xxxxxxxx Xxxxx, Shenzhen Jiajinlong shall provide sales and administrative training for such employees and the relevant costs shall be borne by Shenzhen Errui.
