Common use of No Hire Clause in Contracts

No Hire. During the period beginning on the date hereof and ending on the first (1st) anniversary of the Closing Date, the Seller, and its Affiliates will not, directly or indirectly, solicit to employ or hire any Employee who is contemplated to be or is a Transferred Employee, unless Buyer first terminates the employment of such employee, such employee voluntarily terminates without inducement by the Seller or its Affiliates, or Buyer gives its written consent to such employment or offer of employment; provided, however, that the Seller or its Affiliates shall be permitted to make a general solicitation for employment not targeted to any Employee of the Seller who is contemplated to be or is a Transferred Employee and shall not be prohibited from employing any such employee pursuant to such a general solicitation.

Appears in 9 contracts

Samples: Asset Purchase Agreement (Mercury New Holdco, Inc.), Asset Purchase Agreement (Mercury New Holdco, Inc.), Asset Purchase Agreement (Media General Inc)

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No Hire. During the period beginning on the date hereof and ending on the first (1st) anniversary of the Closing Date, the Seller, and its Affiliates will not, directly or indirectly, solicit to employ or hire any Employee who is contemplated to be or is a Transferred Employee, unless Buyer first terminates the employment of such employee, such employee voluntarily terminates without inducement by the Seller or its Affiliates, or Buyer gives its written consent to such employment or offer of employment; provided, however, that the Seller or its Affiliates shall be permitted to make a general solicitation for employment not targeted to any Employee of the Seller who is contemplated to be or is a Transferred Employee and shall not be prohibited from employing any such employee pursuant to such a general solicitation.

Appears in 1 contract

Samples: Asset Purchase Agreement (Media General Inc)

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