Common use of Employment With Sold Business Clause in Contracts

Employment With Sold Business. Upon the Sale of a Business, if Executive is employed by the Sold Business (as defined in Section 3.2(d)) immediately before completion of the sale, then at the time of the Sale of a Business, Executive may request that the Retained Business hire Executive on terms and conditions substantially similar to those set forth in this Agreement, and the Retained Business shall use its commercially reasonable efforts to hire Executive, if practicable.

Appears in 8 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Sungard Data Systems Inc), Executive Employment Agreement (Sungard Data Systems Inc)

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