Common use of Employee and Employee Benefits Matters Clause in Contracts

Employee and Employee Benefits Matters. (a) The Redwood Parties are not obligated to hire any Xxxxxxxx Employees, but may interview and discuss potential employment with all Xxxxxxxx Employees; provided, however, it is the intention of the Redwood Parties to hire substantially all employees of ERC at Closing, subject to ongoing due diligence. Prior to Closing, Redwood will provide ERC with a list of Xxxxxxxx Employees to whom a Redwood Party has made an offer of employment that has been accepted to be effective upon the Closing (the “Transferred Employees”). Effective immediately prior to the Closing, ERC will, or will cause its applicable Affiliate to, terminate the employment of all Transferred Employees.

Employee and Employee Benefits Matters. (a) The Redwood Parties are not obligated to hire any Xxxxxxxx Employees, but may interview and discuss potential employment with all Xxxxxxxx Employees; provided, however, it is the intention of the Redwood Parties to hire substantially all employees of ERC at Closing, subject to ongoing due diligence. Prior to Closing, Redwood Xxxxxxx will provide ERC with a list of Xxxxxxxx Employees to whom a Redwood Party has made an offer of employment that has been accepted to be effective upon the Closing (the “Transferred Employees”). Effective immediately prior to the Closing, ERC will, or will cause its applicable Affiliate to, terminate the employment of all Transferred Employees.