Employees of the Vendor Sample Clauses

Employees of the Vendor. (a) The Vendor will continue to employ all employees now employed by the Vendor as at the date of this Agreement up to the Closing Date, upon the same terms of employment as the employees presently enjoy, and the Vendor will not materially change the employment or the terms and conditions of employment of the employees without the express written consent of the Purchaser. This provision shall have no effect on the Vendor's right to terminate the employment of any employee for just cause from the date of this Agreement to the Closing Date. The Vendor shall be solely liable and responsible for any employees whose employment is terminated for any reason prior to the Closing Date including, without limitation, any claims by such terminated employees for wages, salary, bonuses, commissions, other compensation, pensions, pension contributions, employment benefits (including, without limitation, any benefits or entitlements under the Employee Plans), overtime or sick pay, severance pay, payments upon a change of control, accrued vacation pay or any other payment or compensation arising upon termination of employment, and any claims arising under any applicable statute or regulation including, without limitation, any employment standards, human rights, workers' compensation and occupational health and safety legislation, or under the ITA.
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Related to Employees of the Vendor

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • Definitions For purposes of this Agreement:

  • NOW, THEREFORE the parties hereto agree as follows:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

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