Common use of Excluded Employee Liabilities Clause in Contracts

Excluded Employee Liabilities. For purposes of clarity, the Sellers shall retain, and neither the Purchaser nor any of the Designated Purchasers or Purchaser Employee Plans shall assume at the Closing, any of the following Liabilities of the Sellers, their Affiliates or Seller Employee Plans (the “Excluded Employee Liabilities”):

Appears in 2 contracts

Samples: Asset Sale Agreement (Nortel Networks Corp), Asset Sale

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Excluded Employee Liabilities. For purposes of clarity, the and notwithstanding any other provision in this Agreement, Sellers shall retain, and with respect to any Affiliate of any Seller shall assume and retain, and neither the Purchaser nor any of the Designated Purchasers or Purchaser Employee Plans shall assume at or following the Closing, any of the following Liabilities of the Sellers, their Affiliates Sellers or any Affiliate of any Seller Employee Plans (the “Excluded Employee Liabilities”):

Appears in 1 contract

Samples: Asset Purchase Agreement (Performance Sports Group Ltd.)

Excluded Employee Liabilities. For purposes of clarity, the Sellers shall retain, and neither the Purchaser nor any of the Designated Purchasers or Purchaser Employee Plans shall assume at the Closingassume, any of the following Liabilities of the Sellers, their Affiliates Sellers or Seller Employee Plans (the “Excluded Employee Liabilities”):

Appears in 1 contract

Samples: Asset Sale Agreement (Nortel Networks Corp)

Excluded Employee Liabilities. For purposes of clarity, except as otherwise provided in the Loaned Employee Agreement, the Sellers shall retain, and neither the Purchaser nor any of the Designated Purchasers or Purchaser Employee Plans shall assume at the Closing, any of the following Liabilities of the Sellers, their Affiliates or Seller Employee Plans Sellers (the “Excluded Employee Liabilities”):

Appears in 1 contract

Samples: Asset and Share Sale Agreement (Nortel Networks LTD)

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Excluded Employee Liabilities. For purposes of clarity, except as otherwise provided in the Loaned Employee Agreement, the Sellers shall retain, and neither the Purchaser nor Purchaser, any of the Designated Purchasers or nor any Purchaser Employee Plans Plan shall assume at the Closing, any of the following Liabilities of the Sellers, their Affiliates or Seller Employee Plans (the “Excluded Employee Liabilities”):

Appears in 1 contract

Samples: Asset Sale Agreement (Nortel Networks Corp)

Excluded Employee Liabilities. For purposes of clarity, the Sellers shall retain, and neither the Purchaser nor Purchaser, any of the Designated Purchasers or nor any Purchaser Employee Plans Plan shall assume at the Closing, any of the following Liabilities of the Sellers, their Affiliates or Seller Employee Plans (the “Excluded Employee Liabilities”):

Appears in 1 contract

Samples: Asset Sale Agreement (Nortel Networks Corp)

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