Common use of Hiring Employees Clause in Contracts

Hiring Employees. Schedule 3.2 hereto is a complete and accurate listing of all employees of the Seller who devote their full time in the operation of the Assets and the conduct of the Business (the "Employees"). Effective as of the date of Closing, substantially all of the Employees shall be offered employment by Buyer, subject to such Employees meeting Buyer's standard employment eligibility requirements. 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. The 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Key Energy Group Inc), Asset Purchase Agreement (Key Energy Group Inc)

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Hiring Employees. Schedule 3.2 hereto is a complete and accurate listing of all employees of the Seller who devote their full time in the operation of the Assets and the conduct of the Business (the "Employees"). Effective as of the date of Closing, substantially all of the Employees shall be offered employment by Buyer, subject to such Employees meeting Buyer's =s standard employment eligibility requirements. 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. The Seller and each of 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

Hiring Employees. Schedule 3.2 3.1 hereto is a complete and accurate listing of all employees of the Seller who that devote their full time and effort in the operation of the Assets and the conduct of the Business (the "Employees"). Effective as of the date of Closinghereof, substantially all of the Employees shall be offered employment terminated by Buyerthe Seller and, subject to such Employees meeting Buyer's standard employment eligibility requirements, offered employment by Buyer. 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. The 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 (Key Energy Group Inc)

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Hiring Employees. Schedule 3.2 hereto is a complete and accurate listing of all employees of the Seller who devote their full time in the operation of the Assets and the conduct of the Business (the "Employees"). Effective as of the date of Closing, substantially all of the Employees shall be offered employment by Buyer, subject to such Employees meeting Buyer's standard employment eligibility requirements. 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. The 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

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