Common use of Vendor Key Employees Clause in Contracts

Vendor Key Employees. With respect to the Vendor Key Employees, the parties agree as follows: (a) Vendor Key Employee will be assigned to the performance of Services. Before assigning an individual to a Vendor Key Employee position, whether as an initial assignment or as a replacement, the parties must mutually agree on such individual in writing. (b) Unless mutually agreed to by the parties in writing, Vendor will not replace or reassign any Vendor Key Employee for one (1) year from (A) the Effective Date, in the case of the initial Vendor Key Employees, or (B) the date of his or her assignment to the Services, in the case of any individual replacing the initial Vendor Key Employees, unless such Vendor Key Employee (v) is promoted to another position by Vendor (w) voluntarily resigns from Vendor, (x) is dismissed by Vendor, (y) fails to perform his or her duties and responsibilities pursuant to this Engagement Schedule, or (z) dies or is unable to work due to his or her disability. (c) If Prudential in good faith decides that any Vendor Key Employee should not continue in that position, then the Prudential Project Manager may, upon written notice to Vendor, require removal of such Vendor Key Employee. Vendor will, as soon as reasonably practicable, replace such Vendor Key Employee in accordance with this Section 8.

Appears in 5 contracts

Samples: Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account), Engagement Schedule (Pruco Life of New Jersey Variable Appreciable Account)

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