Common use of Employees, Wages and Benefits Clause in Contracts

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees relating to the Business effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees (excluding Seller's officers: X.X. Xxxxxx, Xxxxxx X. Xxxxx and Xxxx Xxxxxx) effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation, except any obligation created by Buyer's express actions. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminationsterminations except as provided in Section 7.4 with respect to the Principals, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the ClosingClosing Date.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of the First Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminationsterminations except as provided in Section 7.3 with respect to the Principal Shareholders, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the First Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of related to the Business no later than the Closing Date and Buyer the Purchaser shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Each Seller shall terminate all of its employees effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation. Each Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.

Employees, Wages and Benefits. (i) Seller shall terminate all of its employees effective as of the Closing Date and Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminationsterminations except as provided in Section 7.3 with respect to the Management Shareholders, including, without limitation, any severance obligation. Seller acknowledges and agrees that Buyer has the right to interview and discuss employment terms and issues with such employees prior to and after the Closing.