Buyer's Right to Employ. Seller consents to Buyer discussing with any of Seller's employees, at any time within the thirty (30) day period prior to Closing, the possibility of their employment by Buyer after the Closing and to Buyer hiring any of those employees after the Closing. Seller agrees and acknowledges, however, that Buyer is under no obligation to offer employment to any of those employees. Current employees of Seller which are hired by Buyer, if any, shall not be considered to be in the employ of Buyer until such time as they have been formally hired by Buyer and satisfy the active work requirement of completing one full hour of active service for Buyer.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership)
Buyer's Right to Employ. Seller consents to Buyer discussing with any of Seller's employees, at any time within after five (5) days from the thirty (30) day period prior to Closing, execution of this Agreement the possibility of their employment by Buyer after the Closing and to Buyer hiring any of those employees after the Closing. Seller agrees and acknowledges, however, that Buyer is under no obligation to offer employment to any of those employees. Current employees of Seller which are hired by Buyer, if any, shall not be considered to be in the employ of Buyer until such time as they have been formally hired by Buyer and satisfy the active work requirement of completing one full hour of active service for Buyer.
Appears in 1 contract
Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership)
Buyer's Right to Employ. Seller consents to Buyer discussing with any of Seller's employees, at any time within after five (5) days from the thirty (30) day period prior to Closing, execution of this Agreement the possibility of their employment by Buyer after the Group B Closing and to Buyer hiring any of those employees after the Group B Closing. Seller agrees and acknowledges, however, that Buyer is under no obligation to offer employment to any of those employees. Current employees of Seller which are hired by Buyer, if any, shall not be considered to be in the employ of Buyer until such time as they have been formally hired by Buyer and satisfy the active work requirement of completing one full hour of active service for Buyer.
Appears in 1 contract
Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)
