Common use of No Continuing Obligation Clause in Contracts

No Continuing Obligation. Nothing herein shall be construed or interpreted to impose on Buyer any obligation for the continuation of employment of any Transferred Employee for any period of time following the Closing or limitation on its ability to modify any compensation or benefits provided to any Transferred Employee beyond the terms of their Employment Agreement.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Inphonic Inc), Asset Purchase Agreement (Inphonic Inc), Asset Purchase Agreement (Inphonic Inc)

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No Continuing Obligation. Nothing herein shall be construed or interpreted to impose on Buyer any obligation for the continuation of employment of any Transferred Employee for any period of time following the Closing or limitation on its ability to modify any compensation or benefits provided to any Transferred Employee beyond the terms of their Employment AgreementEmployee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Inphonic Inc)

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