Preservation of Employment Levels in Victoria, British Columbia Sample Clauses

Preservation of Employment Levels in Victoria, British Columbia. The parties acknowledge that, as of the date of the First Amended Agreement, PML had 125-130 employees employed on a full time basis in Victoria, British Columbia ("Victoria"), and that PML then kept and maintained its operational headquarters, including accounting, administration, sales and marketing, research and development, manufacturing and customer service, in Victoria although it was then anticipated that, in the future, additional employees in sales and marketing and customer service would be employed at locations other than Victoria. Subject to Section 4.3 below, the parties agree that: (a) for a period of three years from the date of the First Amended Agreement, Holdco and its subsidiaries shall keep and maintain the operational headquarters in Victoria; (b) for a period of seven years from the date of the First Amended Agreement, Holdco and its subsidiaries shall keep and maintain the divisional headquarters for their power metering and power monitoring products (both the present product line, products presently in development and products derived from the foregoing) in Victoria; and (c) notwithstanding that Holdco and its subsidiaries intend to increase their employment growth in other geographical areas of North America and the world, Holdco and its subsidiaries covenant and agree that for the period of four years from the date of the First Amended Agreement, a material portion of growth in the consolidated worldwide employee base of Holdco and its subsidiaries (including affiliated and related entities under common control, but excluding from "growth" acquisitions of new business entities, as opposed to internal growth), excluding sales and marketing personnel, will be achieved at PML's facilities in Victoria, unless satisfying this provision would cause material financial hardship to Holdco or its subsidiaries.
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Related to Preservation of Employment Levels in Victoria, British Columbia

  • Disclosure of Prior State Employment – Consulting Services If this Contract is for consulting services, A. In accordance with Section 2254.033 of the Texas Government Code, a Contractor providing consulting services who has been employed by, or employs an individual who has been employed by, System Agency or another State of Texas agency at any time during the two years preceding the submission of Contractor’s offer to provide services must disclose the following information in its offer to provide services. Contractor hereby certifies that this information was provided and remains true, correct, and complete: 1. Name of individual(s) (Contractor or employee(s)); 2. Status; 3. The nature of the previous employment with HHSC or the other State of Texas agency; 4. The date the employment was terminated and the reason for the termination; and 5. The annual rate of compensation for the employment at the time of its termination. B. If no information was provided in response to Section A above, Contractor certifies that neither Contractor nor any individual employed by Contractor was employed by System Agency or any other State of Texas agency at any time during the two years preceding the submission of Contractor’s offer to provide services.

  • Continuity of Employment This Option shall not be exercisable by the Grantee in any part unless at all times beginning with the date of grant and ending no more than three (3) months prior to the date of exercise, the Grantee has, except for military service leave, sick leave or other bona fide leave of absence (such as temporary employment by the United States Government) been in the continuous employ of the Company or a parent or subsidiary thereof, except that such period of three (3) months shall be one (1) year following any termination of the Grantee's employment by reason of his permanent and total disability.

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • RESTRICTIONS ON EMPLOYMENT OF FORMER STATE OFFICER OR EMPLOYEE The Engineer shall not hire a former state officer or employee of a state agency who, during the period of state service or employment, participated on behalf of the state agency in this agreement’s procurement or its negotiation until after the second anniversary of the date of the officer’s or employee’s service or employment with the state agency ceased.

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  • Agreement Not a Contract of Employment Neither the grant of the Restricted Stock Units, this Agreement nor any other action taken in connection herewith shall constitute or be evidence of any agreement or understanding, express or implied, that the Grantee is an employee of the Company or any subsidiary of the Company.

  • PROTECTION OF EMPLOYEES Any Employee who in good faith reports a suspected or actual violation of law, regulation, University policy or procedure, or ethical or professional standards, will be protected from retaliation as a result of such reporting, regardless of whether or not, after investigation, a violation is found to have occurred.

  • TERMINATION OF EMPLOYMENT CONTRACT This employment contract may be terminated by: A. Mutual agreement of the parties. B. The Facilities Manager may terminate this employment contract upon sixty (60) days written notice to the Board or the Superintendent, as the case may be.

  • Employment of foreign nationals The Contractor acknowledges, agrees and undertakes that employment of foreign personnel by the Contractor and/or its Sub-contractors and their sub- contractors shall be subject to grant of requisite regulatory permits and approvals including employment/ residential visas and work permits, if any required, and the obligation to apply for and obtain the same shall always rest with the Contractor. Notwithstanding anything to the contrary contained in this Agreement, refusal of or inability to obtain any such permits and approvals by the Contractor or any of its Sub- contractors or their sub-contractors shall not constitute a Force Majeure Event, and shall not in any manner excuse the Contractor from the performance and discharge it of its obligations and liabilities under this Agreement, and the Contractor’s liabilities hereunder shall remain unaffected by such failure, refusal or inability.

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