Contract/Administrative Employees Clause Samples

Contract/Administrative Employees. At such time as the Transition Services Agreement is terminated or the provision of services by the Contract/Administrative Employees is terminated in accordance with or as a result of the reduction of services under or termination of the Transitional Services Agreement unless Buyer notifies the Seller that it desires to make an offer of employment to the Contract/Administrative Employees, the Seller shall use commercially reasonable efforts to retain such employees for other useful purposes of the Seller's or its Subsidiaries' businesses. Notwithstanding the foregoing, the Seller shall not be required to create a new position for such employees or incur any cost (other than nominal costs) or liabilities to reassign such employees. If the Seller is unable to reassign such employees in accordance with the foregoing arrangements, Buyer shall promptly reimburse the Seller for any severance payment owed to such employees. Such reimbursement by Buyer shall be paid to the Seller within 5 days of the severance payment. If the Seller is able to make alternative employment arrangements that are accepted by any of the Contract/Administrative Employees, Buyer shall have no further obligation with respect to such Contract/Administrative Employees.