Common use of KEY EXECUTIVES Clause in Contracts

KEY EXECUTIVES. The officers and key employees of the Company whose names and current positions are set forth on Schedule 5.23 hereto shall continue to be employed by the Company in such position and with the current duties and responsibilities for at least that position, unless (i) such employment ceases because of death or (ii) the Company replaces such officer or key employee within ninety (90) days with another executive who shall be reasonably acceptable to Purchasers.

Appears in 1 contract

Sources: Debenture Purchase Agreement (Berger Holdings LTD)

KEY EXECUTIVES. The officers and key employees of the Company whose names and current positions are set forth on Schedule 5.23 hereto shall continue to be employed by the Company in such position and with the current duties and responsibilities for at least that position, unless (i) such employment ceases because of death death, or (ii) the Company replaces such officer or key employee within ninety (90) days of the person's notice of resignation with another executive who shall be reasonably acceptable to PurchasersPurchaser.

Appears in 1 contract

Sources: Debenture Purchase Agreement (Teltronics Inc)