Common use of Employee Compensation and Benefits Clause in Contracts

Employee Compensation and Benefits. Seller hereby agrees, jointly and severally, to indemnify and hold Buyer harmless from and against any and all claims made by employees of Seller, regardless of when made, for workmen's compensation, medical insurance, disability, vacation, severance, sick benefits or other compensation arrangements to the extent the same are based on injury or sickness occurring prior to the Closing Date or based on employment service rendered to Seller prior the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fullnet Communications Inc), Asset Purchase Agreement (Fullnet Communications Inc)

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Employee Compensation and Benefits. Each of Seller and Xxxx hereby agrees, jointly and severally, to indemnify and hold Buyer harmless from and against any and all claims made by employees of Seller, regardless of when made, for workmen's compensation, medical insurance, disability, vacation, severance, sick benefits or other compensation arrangements to the extent the same are based on injury or sickness occurring prior to the Closing Date or based on employment service rendered to Seller prior the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cd Warehouse Inc)

Employee Compensation and Benefits. Seller hereby agrees, jointly and severally, agrees to indemnify and hold Buyer harmless from and against any and all claims made by employees of Seller, regardless of when made, for workmen's compensation, medical insurance, disability, vacation, severance, sick benefits or other compensation arrangements to the extent the same are based on injury or sickness occurring prior to the Closing Date or based on employment service rendered to Seller prior the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cd Warehouse Inc)

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Employee Compensation and Benefits. Each of Seller and Xxxxx hereby agrees, jointly and severally, to indemnify and hold Buyer harmless from and against any and all claims made by employees of Seller, regardless of when made, for workmen's compensation, medical insurance, disability, vacation, severance, sick benefits or other compensation arrangements to the extent the same are based on injury or sickness occurring prior to the Closing Date or based on employment service rendered to Seller prior the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cd Warehouse Inc)

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