Common use of Employees Other than Transferred Employees Clause in Contracts

Employees Other than Transferred Employees. Any employees of the Company who do not become Transferred Employees will remain employees of the Company after the Closing. Any severance obligations to such employees shall be the Company’s responsibility.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Vista Medical Technologies Inc), Asset Purchase Agreement (Purchasesoft Inc), Asset Purchase Agreement (Purchasesoft Inc)

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Employees Other than Transferred Employees. Any employees of the Company who do not become Transferred Employees will remain employees of the Company after the Closing. Any severance obligations to such employees shall be the Company’s 's responsibility.

Appears in 1 contract

Samples: Asset Purchase Agreement (Viking Systems Inc)

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