Common use of Transition Management Clause in Contracts

Transition Management. (a) As soon as practicable after the date of this Agreement, the parties shall create a special transition management task force (the "Task Force"), which shall be comprised of Luke R. Corbett, Robert L. Keiser and Tom J. McDaniel. The Task Force shall examine var▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇es ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇anner ▇▇ ▇▇▇▇▇ ▇▇ ▇▇st organize the business of the Surviving Corporation after the Effective Time. (b) As soon as practicable after the date of this Agreement, the Task Force will develop a plan (the "Plan") with respect to the communications with the employees of Kerr-McGee and Oryx and their respective Subsidiaries regarding the transactions contem▇▇▇▇▇▇ ▇▇ this Agreement. Notwithstanding any other provision of this Agreement, prior to the Effective Time, neither Kerr-McGee nor Oryx will contact or communicate ▇▇▇▇ any employee of the other party or its Subsidiaries with respect to the transactions contemplated by this Agreement, unless pursuant to the Plan or in accordance with the authorization of the Task Force. In addition, except pursuant to the Plan, neither Kerr-McGee nor Oryx will have any communication or contact with any employee of the oth▇▇ ▇▇▇▇▇ ▇r its Subsidiaries concerning, relating to or in any way bearing upon any closing or relocation of or reduction in size, staff or function of any present facility of the other party. The Plan will address such topics as the identity of senior management of the Surviving Corporation (other than as provided elsewhere herein), integration of Kerr-McGee and Oryx, retention bonuses, short- and long-term plans for the corporate he▇▇▇▇▇▇▇▇▇▇, group offices, payroll and benefits administration. Kerr-McGee and Oryx will cooperate and provide all needed notices under the Worker Adju▇▇▇▇▇▇ ▇▇▇ Retraining Notification Act and its regulations.

Transition Management. (a) As soon as practicable after the date of this Agreement, the parties shall create a special transition management task force (the "Task Force"), which shall be comprised of Luke R. Corbett, Robert L. Keiser and Tom J. McDaniel. The Task Force shall examine var▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇es ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇anner ▇▇ ▇▇▇▇▇ ▇▇ ▇▇st . The Task Force shall examine various alternatives regarding the manner in which to best organize the business of the Surviving Corporation after the Effective Time. (b) As soon as practicable after the date of this Agreement, the Task Force will develop a plan (the "Plan") with respect to the communications with the employees of Kerr▇▇▇▇-McGee ▇▇▇▇▇ and Oryx and their respective Subsidiaries regarding the transactions contem▇▇▇▇▇▇ ▇▇ contemplated by this Agreement. Notwithstanding any other provision of this Agreement, prior to the Effective Time, neither Kerr-McGee ▇▇▇▇- ▇▇▇▇▇ nor Oryx will contact or communicate ▇▇▇▇ with any employee of the other party or its Subsidiaries with respect to the transactions contemplated by this Agreement, unless pursuant to the Plan or in accordance with the authorization of the Task Force. In addition, except pursuant to the Plan, neither Kerr▇▇▇▇-McGee ▇▇▇▇▇ nor Oryx will have any communication or contact with any employee of the oth▇▇ ▇▇▇▇▇ ▇r other party or its Subsidiaries concerning, relating to or in any way bearing upon any closing or relocation of or reduction in size, staff or function of any present facility of the other party. The Plan will address such topics as the identity of senior management of the Surviving Corporation (other than as provided elsewhere herein), integration of Kerr▇▇▇▇-McGee ▇▇▇▇▇ and Oryx, retention bonuses, short- and long-term plans for the corporate he▇▇▇▇▇▇▇▇▇▇headquarters, group offices, payroll and benefits administration. Kerr▇▇▇▇-McGee ▇▇▇▇▇ and Oryx will cooperate and provide all needed notices under the Worker Adju▇▇▇▇▇▇ ▇▇▇ Adjustment and Retraining Notification Act and its regulations.