Common use of Dealership Employees Clause in Contracts

Dealership Employees. Seller will notify all of its employees who are engaged at or in connection with the operations of the Dealership (the "Employees") that the Assets are being sold to Purchaser. Seller shall terminate all employees effective on the Closing Date and except as otherwise provided in Section 9.2, Seller assumes the responsibility and obligation for discharging any and all benefits owed to such terminated employees. Purchaser will receive applications for employment from such employees and will decide in its sole and absolute discretion which persons to hire, if any.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Group 1 Automotive Inc), Asset Purchase Agreement (Group 1 Automotive Inc), Asset Purchase Agreement (Group 1 Automotive Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.