Employment Offers. Upon notice to the Sellers, and at mutually agreeable times, the Sellers will permit the Buyers to meet with its employees prior to the Closing Date. Not earlier than one (1) week prior to the Closing, the Buyers may, at their option, extend offers of employment to all or any of the Sellers' employees effective on the Closing Date. From and after the execution of this Agreement, the Sellers shall use their best efforts to assist Buyers in retaining those employees of the Stations that the Buyers wish to hire in connection with the operation of the Stations by the Buyers subsequent to the Closing, and the Sellers will not take any action to preclude or discourage any of the Sellers' employees from accepting any offer of employment extended by the Buyers.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)
Employment Offers. Upon notice to the SellersSeller, and at mutually agreeable times, the Sellers Seller will permit the Buyers to meet with its employees prior to the Closing Date. Not earlier than one (1) week prior to the Closing, the Buyers may, at their option, will extend offers of employment to all or any of the Sellers' Seller's employees effective on the Closing DateDate on substantially the same employment terms with respect to job descriptions, positions, salaries and wage rates as specified in Section 2(o) of the Disclosure Schedule. From and after the execution of this Agreement, the Sellers Seller shall use their its best efforts to assist Buyers in retaining those all employees of the Stations that the Buyers wish to hire in connection with the operation of the Stations by the Buyers subsequent to the Closing, and the Sellers Seller will not take any action to preclude or discourage any of the Sellers' Seller's employees from accepting any offer of employment extended by the Buyers.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Cumulus Media Inc), Asset Purchase Agreement (Cumulus Media Inc)