Common use of Stability of Management Team Clause in Contracts

Stability of Management Team. Owner and Agent recognize the benefits inherent in promoting stability in the management team engaged in the operation of the Property. (a) Agent shall, in the hiring of all employees and in retaining independent contractors, use reasonable care to select qualified, competent and trustworthy employees and independent contractors. Subject to the provisions of this Section 4.01, the selection, terms of employment (including rates of compensation) and termination thereof, and the supervision, training and assignment of duties of all employees of Agent engaged in the operation of the Property shall be the duty and responsibility of and shall be determined by Agent. All personnel at the Property shall be employees of Agent and/or contractors of Agent. (b) Agent shall employ at Agent’s sole cost and expense (unless otherwise provided in the Approved Operating Budget) a designated representative who works from the Records Office and is responsible for the Property and other properties (the costs and expenses for whom, if provided for in the Approved Operating Budget, shall be pro rated in light of the time spent attending to the Property as opposed to other properties).

Stability of Management Team. Owner and Agent Property Manager recognize the benefits inherent in promoting stability in the management team engaged in the operation of the Property. (a) Agent Property Manager shall, in the hiring of all employees and in retaining independent contractors, use reasonable care to select qualified, competent and trustworthy employees and independent contractors. Subject to the provisions of this Section 4.01, the selection, terms of employment (including rates of compensation) and termination thereof, and the supervision, training and assignment of duties of all employees of Agent Property Manager engaged in the operation of the Property shall be the duty and responsibility of and shall be determined by AgentProperty Manager. All personnel at the Property shall be employees of Agent Property Manager and/or contractors of AgentProperty Manager. (b) Agent Property Manager shall employ at AgentProperty Manager’s sole cost and expense (unless otherwise provided in the Approved Operating Budget) a designated representative regional manager who works from the Records Office and is responsible for manages the Property and other properties (the costs and expenses for whom, if provided for in the Approved Operating Budget, shall be pro rated in light of the time spent attending to managing the Property as opposed to other properties).

Stability of Management Team. Owner and Agent Property Manager recognize the benefits inherent in promoting stability in the management team engaged in the operation of the Property. (a) Agent Property Manager shall, in the hiring of all employees and in retaining independent contractors, use reasonable care to select qualified, competent and trustworthy employees and independent contractors. Subject to the provisions of this Section 4.01, the selection, terms of employment (including rates of compensation) and termination thereof, and the supervision, training and assignment of duties of all employees of Agent Property Manager engaged in the operation of the Property shall be the duty and responsibility of and shall be determined by AgentProperty Manager. All personnel at the Property shall be employees of Agent Property Manager and/or contractors of AgentProperty Manager. (b) Agent Property Manager shall employ at AgentProperty Manager’s sole cost and expense (unless otherwise provided in the Approved Operating Budget) a designated representative manager who works from the Records Office and is responsible for manages the Property and other properties (the costs and expenses for whom, if provided for in the Approved Operating Budget, shall be pro rated in light of the time spent attending to managing the Property as opposed to other properties).

Stability of Management Team. Owner and Agent Property Manager recognize the benefits inherent in promoting stability in the management team engaged in the operation of the Property. (a) Agent Property Manager shall, in the hiring of all employees and in retaining independent contractors, use reasonable care to select qualified, competent and trustworthy employees and independent contractors. Subject to the provisions of this Section 4.01, the selection, terms of employment (including rates of compensation) and termination thereof, and the supervision, training and assignment of duties of all employees of Agent Property Manager engaged in the operation of the Property shall be the duty and responsibility of and shall be determined by AgentProperty Manager. All personnel at the Property shall be employees of Agent Property Manager and/or contractors of AgentProperty Manager. (b) Agent Property Manager shall employ at Agent’s Property Manager's sole cost and expense (unless otherwise provided in the Approved Operating Budget) a designated representative regional manager who works from the Records Office and is responsible for manages the Property and other properties (the costs and expenses for whom, if provided for in the Approved Operating Budget, shall be pro rated in light of the time spent attending to managing the Property as opposed to other properties).