Common use of Transferability of Employees Clause in Contracts

Transferability of Employees. To accomplish the foregoing objectives, each of the parties hereto agrees that SCG may notify the Company's officers and employees of employment opportunities with other Members of the SCG Group (including SCG) and may make such opportunities available to such officers and employees; provided, that prior to making any such opportunity available to any Senior Officer, SCG shall first give the Board written notice of its intention to make any such opportunity available to a Senior Officer at least 14 days prior to any discussions with a Senior Officer regarding such opportunity. No Member (or any director, trustee, officer, employee or shareholder of such Member) shall have any liability to any other Member (or any director, trustee, officer, employee or shareholder of such Member) as a result of the compliance by such Member with the provisions of this Section 4. In the event that any claims are made by any Person as a result of the compliance by a Member with the provisions of this Section 4, each Member shall be responsible for its own costs of defending against such claim.

Appears in 6 contracts

Samples: Investor Agreement (Security Capital Atlantic Inc), Investor Agreement (Security Capital Group Inc/), Investor Agreement (Security Capital Group Inc/)

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Transferability of Employees. To accomplish the foregoing objectives, each of the parties hereto agrees that SCG may notify the Company's officers and employees of employment opportunities with other Members of the SCG Group (including SCG) and may make such opportunities available to such officers and employees; provided, that prior to making any such opportunity opportunities available to any Senior Officer, SCG shall first give the Board written notice of its intention to make any such opportunity available to a Senior Officer at least 14 days prior to any discussions with a Senior Officer regarding such opportunity. No Member (or any director, trustee, officer, employee or shareholder of such Member) shall have any liability to any other Member (or any director, trustee, officer, employee or shareholder of such Member) as a result of the compliance by such Member with the provisions of this Section 4. In the event that any claims are made by any Person as a result of the compliance by a Member with the provisions of this Section 4, each Member shall be responsible for its own costs of defending against such claim.

Appears in 3 contracts

Samples: Investor Agreement (Security Capital Group Inc/), Investor Agreement (Security Capital Industrial Trust), Investor Agreement (Security Capital Group Inc/)

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