Common use of Team Members Clause in Contracts

Team Members. Each Party’s executives responsible for implementing the Principles on behalf of such Party are set forth on Schedule D (each such executive, a “Team Member”). Each Party may update the list of Team Members in Schedule D from time to time upon notice to the other Party, and the Parties shall review and update Schedule D in accordance with their terms and conditions set forth in Exhibit 3. Subject to applicable Law, a portion of each Team Member’s executive bonus shall be calculated in accordance with the terms and conditions set forth in Exhibit 3 (the “Team Member Bonus Metrics”), unless otherwise agreed by the Parties. The Parties shall amend and maintain each Team Member’s executive bonus structure in accordance with the terms and conditions set forth in Exhibit 3, as applicable.

Appears in 4 contracts

Samples: Commercial Framework Agreement (Vmware, Inc.), Commercial Framework Agreement (Dell Technologies Inc.), Letter Agreement (Dell Technologies Inc.)

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