Common use of Key Management Employees Clause in Contracts

Key Management Employees. Prior to the execution of this Agreement, Buyer has provided by letter to Seller dated the date hereof a list of the Company's key management employees ("Key Management Employees") with whom Buyer would like to enter into employment agreements to take effect on the Closing. Buyer may, not later than thirty (30) days following the date of this Agreement, terminate this Agreement based on its failure to enter into employment agreements with the Key Management Employees, provided Buyer has used its best efforts to do so. If Buyer does not timely give written notice of its decision to terminate this Agreement pursuant to this Section 7.4, then Buyer shall be deemed to have waived this condition to Closing and to have waived any right to terminate this Agreement by reason of such failure.

Key Management Employees. Prior to the execution of this Agreement, ------------------------ Buyer has provided by letter to Seller dated the date hereof a list of the Company's key management employees ("Key Management Employees") with whom Buyer would like to enter into employment agreements to take effect on the Closing. Buyer may, not later than thirty (30) days following the date of this Agreement, terminate this Agreement based on its failure to enter into employment agreements with the Key Management Employees, provided Buyer has used its best efforts to do so. If Buyer does not timely give written notice of its decision to terminate this Agreement pursuant to this Section 7.4, then Buyer shall be deemed to have waived this condition to Closing and to have waived any right to terminate this Agreement by reason of such failure.