Common use of Transition Management Clause in Contracts

Transition Management. The parties shall create a special transition management task force (the "Task Force") which shall be jointly headed by representatives appointed by and reasonably acceptable to the Chief Executive Officers of Western Resources and KCPL. The Task Force shall examine various alternatives regarding the manner in which to best organize and manage the business of the Surviving Corporation after the KGE Effective Time, subject to applicable law.

Appears in 3 contracts

Sources: Merger Agreement (Kansas Gas & Electric Co /Ks/), Agreement and Plan of Merger (Kansas City Power & Light Co), Agreement and Plan of Merger (Western Resources Inc /Ks)