Management Transition Clause Samples

Management Transition. The Managers shall cooperate in all reasonable ways in the transition of the operation and management of the Crystals Component to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Crystals Component as reasonably practicable.

Management Transition. MAS and the Company agree that ▇▇▇ will retire from his executive positions on or before May 15, 2024, and that they will work together towards an orderly transition of MAS’ various responsibilities. The timing of such changes will be determined by the Company. It is the current intention that MAS may continue in his roles on the Board of Directors for some as yet undetermined period of time subject to agreement otherwise between MAS and the Company. Post-transition, MAS will continue to make himself available to the Company on an ‘as needed’ consulting basis, as requested, on terms to be negotiated

Management Transition. CSM shall provide technical management and commercial management services with respect to each Vessel which it continues to manage pursuant to the terms of this Agreement in the ordinary course of business as per the Subject Agreements until the Transition Completion. CSM will provide (including, for the avoidance of doubt, if necessary after the Transition Completion) the Remaining Support Services and any services to be provided pursuant to the Surviving Provisions for each Vessel related to the period under the commercial and technical management of CSM and/or its Affiliates.

Management Transition. (a) The SPAC acknowledges and agrees that (i) the existing directors and officers (other than the Officer Designee) of the SPAC as of the date of this Agreement shall resign from their respective positions as directors and officers of the SPAC and (ii) the candidates designated by the New Sponsor (including the Officer Designee) and consented to by the SPAC (which consent shall not be unreasonably withheld) (collectively, the “New Sponsor Designees”) shall by appointed as directors and officers of the SPAC in connection with the Closing. (b) The Parties acknowledge and agree that the replacement of the directors of the SPAC cannot take effect until ten days after the mailing of an information statement to the SPAC shareholders in accordance with the requirements of Section 14(f) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 14f-1 under the Exchange Act (the “Schedule 14F”). Each of the Parties shall use its best efforts to prepare and coordinate the filing of the Schedule 14F with the SEC as promptly as reasonably practicable following the date of this Agreement.

Management Transition. Managers shall cooperate in all reasonable ways in the transition of the operation and management of each of the Components to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Component as reasonably practicable.

Management Transition. ● SGD shall retain no managerial control once Milk & Honey has acquired a majority interest (over 50%). ● Milk & Honey shall assume full operational control upon reaching 100% ownership.

Management Transition. Douce shall carry out the intent of this Agreement and perform the duties set forth herein in a forthright and diligent manner. Douce will cooperate fully with the Board of Directors of the Bank in implementing the transition of management to his successor and will cooperate with all other Bank personnel to make this transition as seamless as possible. Douce acknowledges that his current position as Chief Executive Officer makes his cooperation and effort critical to a successful transition.

Management Transition. From and after the date hereof, Seller will provide Purchaser with copies of all management reports concerning the Property and any reports which are in the nature of capital appropriations or describe capital expenditures on the Property, as and when received by Seller. Seller agrees that Purchaser may contact Seller and its property manager to obtain copies of and to discuss any such reports and to discuss the operation and maintenance of the Property. Seller shall allow Purchaser's management personnel and agents to work with Seller's property manager commencing no earlier than five (5) days prior to the Closing Date for the purpose of installing a computer at the Property, loading information onto Purchaser's computer network, determining the exact amount of unpaid and prepaid bills and otherwise preparing to take over management of the Improvements. Seller shall also reasonably cooperate with Purchaser following the Closing to effectuate the transition in operation and management of the Property.

Management Transition. ▇▇▇▇▇▇ shall continue to use his best efforts to facilitate the effective transition to the Company's management of all customer relationships and other material business relationships, and to preserve the Company's goodwill with other parties.