NO OBLIGATION TO HIRE EMPLOYEES Sample Clauses

NO OBLIGATION TO HIRE EMPLOYEES. Except for the Xxxxx Consulting Agreement nothing in this Agreement: (i) requires eMissions to hire, or to offer to hire, the current employees of the Business; (ii) constitutes an offer to employ such employees; or (iii) requires eMissions to pay any such persons severance pay in the event of termination of employment.
Sample 1
AutoNDA by SimpleDocs
NO OBLIGATION TO HIRE EMPLOYEES. After the date of this Agreement but prior to the Closing Date, Purchaser may, but is not required to, offer employment to any Employee on such terms and conditions as Purchaser may determine, in its sole discretion. Seller shall not take any action that could reasonably be expected to interfere with or prevent Purchaser from hiring the Employees, including offering (whether formally or informally) continued or alternative employment to any such Employee unless and until such Employee has rejected any offer of employment made by Purchaser; provided, however, that Seller shall not be required to provide Purchaser with access to any Employment Records or make available its personnel to assist Purchaser in its hiring activities. Purchaser agrees to be solely responsible for all employment-related obligations accruing on or after Closing with respect to any Employees who are hired by Purchaser on or after Closing (“New Hire Employees”). For purposes of this Section 13.01, “employment-related obligations” shall include compensation for services performed for Purchaser on or after Closing (and related employment and withholding taxes), benefits accrued under any Purchaser-sponsored employee welfare or pension benefit plan (as defined under ERISA Section 3(1) or 3(2), respectively) covering the New Hire Employees on or after Closing, workers compensation benefits with respect to injuries occurring on or after the Closing, and all other costs associated with Purchaser’s employee benefit plans, contracts, programs, policies and arrangements. Purchaser shall defend Seller against all discrimination, unfair labor practice or similar claims against Seller arising out of Purchaser’s hiring process as described in this Section 13.01, and shall indemnify and hold Seller harmless from and against any and all Losses (including reasonable attorneys’ fees) Seller may incur as a result of such claims. This indemnification obligation is subject to the provisions of Section 12.06.
Sample 1

Related to NO OBLIGATION TO HIRE EMPLOYEES

  • No Obligation to Employ Nothing in the Plan or this Agreement shall confer on Participant any right to continue in the employ of, or other relationship with, the Company or any Affiliate, or limit in any way the right of the Company or any Affiliate to terminate Participant’s employment or other relationship at any time, with or without Cause.

  • No Obligation to Third Parties The execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate either of the parties hereto to, any person or entity not a party to this Agreement.

  • No Obligation to Continue Employment Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Grantee at any time.

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of a Facility.

  • No Obligation to Mitigate Executive shall not be required to seek other employment or otherwise to mitigate Executive's damages upon any termination of employment; provided, however, that, to the extent Executive receives from a subsequent employer health or other insurance benefits that are substantially similar to the benefits referred to in Section 5(b) hereof, any such benefits to be provided by the Company to Executive following the Term shall be correspondingly reduced.

  • No Obligation to Pursue Others Bank has no obligation to attempt to satisfy the Obligations by collecting them from any other person liable for them and Bank may release, modify or waive any collateral provided by any other Person to secure any of the Obligations, all without affecting Bank’s rights against Borrower. Borrower waives any right it may have to require Bank to pursue any other Person for any of the Obligations.

  • No Obligation to Seek Advice Nothing in this section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.

  • No Obligations to Third Parties Except as otherwise expressly provided herein, the execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate any of the parties hereto, to any person or entity other than the parties hereto.

  • No Obligation of Employment Employee understands that the employment relationship between Employee and Teradyne will be “at will” and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without “Cause” at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” at any time subject to Employee’s rights and Teradyne’s obligations specified in this Agreement.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9-1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.

Time is Money Join Law Insider Premium to draft better contracts faster.