Common use of Employment of Existing Employees Clause in Contracts

Employment of Existing Employees. A. Seller shall terminate the Employees to be effective as of the close of business on the business day before the Closing Date. Purchaser agrees to extend offers of at-will employment to the Employees to be effective at the start of business on the Closing Date. Purchaser’s employment offers shall provide the Employees with the same or similar benefits as Purchaser offers to Purchaser's other employees that are similarly situated in terms of their position and longevity including service at Seller as provided in Section 7.4. Seller shall be responsible for payment of all salaries, benefits and accrued leave of the Employees prior to the Closing Date. Purchaser shall have no liability or obligation to the Employees relating to their employment by Seller. Seller shall indemnify Purchaser for any damages, losses and expenses (including reasonable attorney fees) incurred by Purchaser resulting from employment claims by the Employees against Purchaser relating to Seller's actions with respect to such employees prior to termination of employment, as required by this Section 4.3. Purchaser shall indemnify Seller for any damages, losses and expenses (including reasonable attorney fees) incurred by Seller resulting from employment claims by the Employees against Seller relating to Purchaser's actions with respect to such Employees from and after the Closing Date.

Employment of Existing Employees. A. The Seller shall terminate the Employees to be effective as employees of the close of business Branch (the "Employees") on the business day before or prior to the Closing Date. The Seller shall provide to the Purchaser, within ten (10) days after the Signing Date of this Agreement, a list of Seller's present Branch employees, their salaries, and their benefits. Purchaser agrees to extend offers of at-will employment to the Employees to be effective at the start of business on the Closing DateEmployees. Purchaser’s 's employment offers shall provide the Employees with the same or similar benefits as the Purchaser offers to the Purchaser's other employees that are similarly situated in terms of their position and longevity including service at Seller as provided in Section 7.4longevity. Seller shall be responsible for payment of all salaries, salaries and benefits and accrued leave of the Employees prior to the Closing Date. Purchaser shall have no liability or obligation to the Employees relating to their employment by SellerClosing. Seller shall indemnify Purchaser for any damages, losses and expenses (including reasonable attorney fees) incurred by the Purchaser resulting from employment claims by the Employees Seller's Branch employees against Purchaser relating to Seller's actions with respect to such employees prior to termination of employment, as required by the first sentence of this Section 4.39.2. The Purchaser shall indemnify Seller for any damages, losses and expenses (including reasonable attorney fees) incurred by Seller resulting from employment claims by Seller's Branch employees against the Employees against Seller relating to Purchaser's actions with respect to such Employees employees from and after the Closing Date.

Employment of Existing Employees. A. Seller shall terminate the Employees to be effective as of the close of business on the business day before the Closing Date. Purchaser agrees to extend offers of at-will employment to the Employees to be effective at the start of business on the Closing Date. Purchaser’s employment offers shall provide the Employees with the same or similar benefits as the Purchaser offers to the Purchaser's other employees that are similarly situated in terms of their position and longevity including service at Seller as provided in Section 7.4. Seller shall be responsible for payment of all salaries, benefits and accrued leave of the Employees prior to the Closing Date. Purchaser shall have no liability or obligation to the Employees relating to their employment by Seller. Seller shall indemnify Purchaser for any damages, losses and expenses (including reasonable attorney fees) incurred by the Purchaser resulting from employment claims by the Employees against Purchaser relating to Seller's actions with respect to such employees prior to termination of employment, as required by this Section 4.3. The Purchaser shall indemnify Seller for any damages, losses and expenses (including reasonable attorney fees) incurred by Seller resulting from employment claims by the Employees against the Seller relating to Purchaser's actions with respect to such Employees from and after the Closing Date.

Employment of Existing Employees. A. Seller shall terminate the Employees to be effective as of the close of business midnight on the business day before the Closing Date. Purchaser agrees to extend offers of at-will employment to the Employees to be effective at the start of business 12:01 a.m. on the Closing Date. Purchaser’s employment offers shall provide the Employees with the same or similar benefits as Purchaser offers to Purchaser's other employees that are similarly situated in terms of their position and longevity including service at Seller as provided in Section 7.4. Seller shall be responsible for payment of all salaries, benefits and accrued leave of the Employees prior to the Closing Date. Purchaser shall have no liability or obligation to the Employees relating to their employment by Seller. Seller shall indemnify Purchaser for any damages, losses and expenses (including reasonable attorney fees) incurred by Purchaser resulting from employment claims by the Employees against Purchaser relating to Seller's actions with respect to such employees prior to termination of employment, as required by this Section 4.3. Purchaser shall indemnify Seller for any damages, losses and expenses (including reasonable attorney fees) incurred by Seller resulting from employment claims by the Employees against Seller relating to Purchaser's actions with respect to such Employees from and after the Closing Date.