Transition Arrangement. Unless otherwise agreed herein, during the Transition Period, all revenues and expenditures of Kankan, including without limitation all revenues and expenditures relating to the Target Business, the Transferred Assets and the Transferred Employees shall all be enjoyed and assumed by the Transferor, and after the Closing Date, all revenues and expenditures of Kankan, including without limitation all revenues and expenditures relating to the Target Business, the Transferred Assets and the Transferred Employees shall all be enjoyed and assumed by Kankan and Nesound.
Transition Arrangement. As of the date hereof, Seller is using the Facilities in connection with the operations of the Excluded Businesses and warehousing inventory relating to the Consumer Products Business. The parties agree that for a period of 60 days after the Closing (the "Transition Period"), Seller may continue to use the Facilities to the extent (and for the purposes) utilized as of the date hereof. During the Transition Period, Seller agrees to use its Best Efforts to move all operations and inventory relating to the Excluded Businesses out of the Facilities. In consideration of allowing Seller to use the Facilities during the Transition Period, the Seller agrees to (i) pay to Buyer (on a monthly basis) a portion of the amounts due to the lessor of the Facilities under the Facilities Leases, which amount shall be based on the pro rata square footage of the Facilities used by Seller and (ii) reimburse Buyer (on a monthly basis) for all costs and expenses incurred by Buyer in connection with the use of the Facilities by Seller, including, without limitation, telephone and other utility expenses.
Transition Arrangement. 1.1 Upon this Agreement being effective, the Initial Agreement will expire, and Zhong Chuan shall cause Mianping to repay to MEH RMB 6,000,000 by depositing the said amount into an account designated by MEH.
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Transition Arrangement. Until each Assumed Contract has been assigned to Bicara:
(i) Biocon shall hold the benefit of that Assumed Contract in trust for Bicara, exercise its rights as Bicara may direct or approve in writing, and account to Bicara for any sums (or other benefits) which arise under such Assumed Contract;
(ii) Biocon shall continue to be responsible to perform and discharge the obligations under the relevant Assumed Contract, but in doing so Biocon shall act only in accordance with Bicara’s written directions and Bicara will cooperate in Biocon’s transfer of the Assumed Contracts to Bicara;
(iii) [***] shall [***] any costs and expenses which [***] shall properly and reasonably incur (in accordance with [***] written instructions) and, subject to Section 5.3, indemnify and hold harmless [***] against [***] Losses properly and reasonably incurred by [***] and arising from any Third Party claim, action or proceeding, in each case in connection [***], except to the extent arising from [***].
Transition Arrangement. 22.1. The Parties recognize that there will be a transitional phase during the initial stages of this Agreement during which the Parties shall work towards full implementation of the Contractor’s Payment system.
22.2. With effect from the Commencement Date the Contractor will assume full responsibility for the Payment of all Grants to ensure a seamless transition.
22.3. SASSA undertakes to provide the Contractor with the relevant information and Grant funding to enable Payment of all Grants from Commencement Date.
22.4. The following interim arrangement shall apply:
22.4.1. Payments through electronic transfer into a Recipient’s bank account (ACB) – The Contractor will ensure that each ACB Payment is affected to the Recipients’ current bank account until such time as the Recipient is Enrolled. The cost of such transfer will be for the Contractor;
22.4.2. Recipients previously Paid by Sekulula – The Contractor will issue a MasterCard branded magstripe card that will facilitate payment to the Recipient until such time as the Recipient is Enrolled; and
22.4.3. Cash – The Contractor will issue a MasterCard branded magstripe card that will facilitate payment to the Recipient at his/her designated Pay Point until such time as the Recipient is Enrolled.
22.5. During the interim arrangement it is specifically recorded that Recipients may not be Biometrically Enrolled or verified, but will be paid.
22.6. SASSA shall pay the Contractor the cost of the MasterCard issued pursuant to this clause 22.4.2 and 22.4.3, in addition to the Firm Fees as contemplated and defined in the Contract.
22.7. The Parties must agree on a contingency plan for this process as part of the continuity and risk mitigation plan in terms of Enrolment, Payments, queue management, security and all other aspects affecting the grant Recipients and the entire Payment process.
Transition Arrangement. Beginning January 1, 2011 and continuing through November 30, 2011 (the “Transition Period”), the Executive will continue his employment with the Company and will be available to consult with, otherwise assist or provide general advice to, the then CEO and to the Board as they may reasonably request, consistent with the Executive’s other commitments; provided, however, that the Executive shall devote his full-time business efforts exclusively to the Company and shall not be employed as an employee of another business during the Transition Period. Following Retirement, the salary payable to the Executive for the Transition Period will be the total sum of $1,000,000, less applicable deductions and withholding, payable proportionately over the Transition Period in accordance with the Company’s standard payroll procedures. The Executive’s employment with the Company shall cease at the end of the Transition Period on November 30, 2011.
Transition Arrangement. In 2007 and 2008 an employees personal leave entitlements shall be provided for ‘up- front’ on the employee’s/site anniversary date and not described as above. The amount provided ‘up front’ shall be 76 or 72 hours (depending on whether the site operates on a 38 or 36 hour ordinary week respectively). For employees whose anniversary date is prior to the certification of the agreement, those employees shall receive upon certification 15.2 or 14.4 hours personal leave in addition to their original entitlement of 60.8 or 57.6 hours.
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Transition Arrangement
