Common use of Hiring of Employees Clause in Contracts

Hiring of Employees. As of the Closing Date, Seller shall permit Buyer to offer employment to all of the Employees. At or prior to Closing, Seller shall have paid such Employees all compensation and benefits to which they are entitled by reason of their previous employment with the Seller on such date, and Buyer shall have no liability with respect thereto. Seller shall use Seller's best efforts to assist Buyer in any reasonable manner in the hiring by Buyer of the Employees that Buyer desires to hire. Buyer shall have the right, but not the obligation, to offer employment to such Employees that it desires to hire in its sole discretion. Seller shall be solely responsible and liable for all severance pay, if any, to the extent that any of the Employees are not offered employment with Buyer or do not accept an offer of employment. Under no circumstances shall the Seller or any of Seller's Affiliates be permitted to employ or offer employment to any of the Employees after the Closing Date, without the prior written consent of Buyer.

Hiring of Employees. As of the Closing Date, Seller shall permit Buyer to offer employment to all of the Employees. At or prior to Closing, Seller shall have paid such Employees or accrued in the Closing Date Balance Sheet Report all compensation and benefits to which they such Employees are entitled by reason of their previous employment with the Seller on such date, and Buyer shall have no liability with respect thereto. Seller shall use Seller's best efforts to assist Buyer in any reasonable manner in the hiring by Buyer of the Employees that Buyer desires to hire. Buyer shall have the right, but not the obligation, to offer employment to such Employees that it desires to hire in its sole discretion. Seller shall be solely responsible and liable for all severance pay, if any, to the extent that any of the Employees are not offered employment with Buyer or do not accept an offer of employment. Under no circumstances shall the Seller or any of Seller's Affiliates be permitted to employ or offer employment to any of the Employees after the Closing Date, without the prior written consent of Buyer.