Apportionment of employee costs. Without limiting clause 8.3, all salaries and other emoluments of the Transferring Employees shall be discharged and all Pay As You Earn, income tax deduction and national insurance contribution legislation and regulations shall be complied with by the Seller in respect of all periods up to and including the Completion Date. The salaries and other emoluments of the Transferring Employees in respect of the period after the Completion Date shall be for the account of the Buyer.
Appears in 2 contracts
Samples: Asset Sale and Purchase Agreement, Asset Sale and Purchase Agreement (Intercontinental Hotels Group PLC /New/)
Apportionment of employee costs. Without limiting clause 8.3, all All salaries and other emoluments of the Transferring Employees shall be discharged and all Pay As You Earn, income tax deduction and national insurance contribution legislation and regulations shall be complied with by the Seller in respect of all periods up to and including the Completion Closing Date and in respect of all share options granted prior to the Closing Date even if exercised after the Closing Date. The salaries and other emoluments of the Transferring Employees in respect of the period after the Completion Closing Date shall be for the account of the Buyer.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Opko Health, Inc.)
