Common use of Hiring Employees Clause in Contracts

Hiring Employees. Effective as of the date hereof, all of the Employees shall be terminated by Seller. Buyer may, but shall be under no obligation to, hire any of the Employees effective as of the date hereof. Except as provided in Section 1.4 hereof, Buyer shall have no liability or obligation with respect to any employee benefits of any Employee except those benefits that accrue pursuant to such Employees' employment with Buyer on or after the date hereof. Seller and the Shareholders shall cooperate with Buyer in connection with any offer of employment from Buyer to the Employees and use its best efforts to cause the acceptance of any and all such offers. All Employees hired by Buyer shall be at-will employees of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

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Hiring Employees. Effective as of the date hereofEffective Date, all of the Employees shall be terminated by Seller. Buyer may, but shall be under no obligation to, hire any of the Employees effective as of the date hereofEffective Date. Except as provided in Section 1.4 hereof, Buyer shall have no liability or obligation with respect to any employee benefits of any Employee except those benefits that accrue pursuant to such Employees' employment with Buyer on or after the date hereofEffective Date. Seller and the Shareholders Shareholder shall cooperate with Buyer in connection with any offer of employment from Buyer to the Employees and use its best efforts to cause the acceptance of any and all such offers. All Employees hired by Buyer shall be at-will employees of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

Hiring Employees. Effective as of the date hereof, all of the Employees shall be terminated by Seller. Buyer may, but shall be under no obligation to, hire any or all of the Employees effective as of the date hereofEmployees. Except as provided in Section 1.4 hereof, Buyer shall have no liability or obligation with respect to any employee benefits of any Employee except those benefits that accrue pursuant to such Employees' Employee's employment with Buyer on or after the date hereof. Seller and the Shareholders shall cooperate with Buyer in connection with any offer of employment from Buyer to the Employees Employees, and use its best efforts to cause the acceptance of any and all such offers. All Employees hired by Buyer shall be at-will employees of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lasermedics Inc)

Hiring Employees. Effective as of the date hereof, all of the Employees shall be terminated by Seller. Buyer may, but shall be under no obligation to, hire any of the Employees effective as of the date hereof. Except as provided in Section 1.4 hereof, Buyer shall have no liability or obligation with respect to any employee benefits of any Employee except those benefits that accrue pursuant to such Employees' employment with Buyer on or after the date hereof. Seller and the Shareholders Shareholder shall cooperate with Buyer in connection with any offer of employment from Buyer to the Employees and use its best efforts to cause the acceptance of any and all such offers. All Employees hired by Buyer shall be at-will employees of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

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Hiring Employees. Effective as of the date hereof, all of the Employees shall be terminated by Seller. Buyer may, but shall be under no obligation to, hire any of the Employees effective as of the date hereof. Except as provided in Section 1.4 hereof, Buyer shall have no liability or obligation with respect to any employee benefits of any Employee except those benefits that accrue pursuant to such Employees' Employees= employment with Buyer on or after the date hereof. Seller and the Shareholders shall cooperate with Buyer in connection with any offer of employment from Buyer to the Employees and use its best efforts to cause the acceptance of any and all such offers. All Employees hired by Buyer shall be at-will employees of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

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