Common use of No Right to Continued Employment or Benefits Clause in Contracts

No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller or Buyer (or any Affiliate of Seller or Buyer) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Seller, Buyer or any Affiliate of Seller or Buyer. Except as otherwise expressly provided in this Agreement, Buyer is under no obligation to hire any employee of Seller, provide any employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller whom Buyer chooses not to employ.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Wj Communications Inc), Asset Purchase Agreement (Popmail Com Inc), Asset Purchase Agreement (New Valley Corp)

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No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller or Buyer (or any Affiliate of Seller or Buyer) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Seller, Buyer or any Affiliate of Seller or Buyer. Except as otherwise expressly provided in this Agreement, Buyer is under no obligation to hire any employee of Seller, provide any employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller whom Buyer chooses not to employ. Nothing in this Agreement shall change the nature of any at-will employment relationship between Buyer and any Transferred Employee.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement

No Right to Continued Employment or Benefits. No provision in this -------------------------------------------- Agreement shall create any third party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller or Buyer (or any Affiliate of Seller or Buyer) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Seller, Buyer or any Affiliate of Seller or Buyer. Except as otherwise expressly provided in this Agreement, Buyer is under no obligation to hire any employee of Seller, provide any employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller whom Buyer chooses not to employ.

Appears in 2 contracts

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

No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party third-Person beneficiary or other right in any Person (except the Indemnitees), including any beneficiary or dependent thereof) , for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller or the Buyer (or any Affiliate of Seller or Buyerthe Company as constituted on a post-Closing basis) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Seller, Buyer or any Affiliate of Seller or the Buyer. Except as otherwise expressly provided in this Agreementprovided, the Buyer (and the Company as constituted on a post-Closing basis) is not under no any obligation to hire any employee of SellerEmployee, provide any employee Employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller Employees whom the Buyer chooses not to employ.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Advanced Cell Technology, Inc.)

No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, continued employment (or resumed or new employment employment) with Seller or Buyer (or any Affiliate of Seller or Buyer) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Seller, Buyer or any Affiliate of Seller or Buyer. Except as otherwise expressly provided in this Agreementprovided, Buyer is under no obligation to hire any employee of Seller, provide any employee Employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller whom Buyer chooses not to employ.

Appears in 1 contract

Samples: Asset Purchase Agreement (Novistar Inc)

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No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller the Seller, the Buyer or Buyer (or any Affiliate of Seller or Buyer) the Parent or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by the Seller, the Buyer or any Affiliate of the Seller or the Buyer. Except as otherwise expressly provided in this Agreement, neither the Parent nor the Buyer is under no any obligation to hire any employee of the Seller, provide any employee with any particular benefits, or make any payments or provide any benefits to those employees of the Seller whom the Parent and the Buyer chooses choose not to employ.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cox Technologies Inc)

No Right to Continued Employment or Benefits. No provision in this Agreement shall create any third party Third Party beneficiary or other right in any Person (including any beneficiary or dependent thereof) for any reason, including, without limitation, in respect of continued, resumed or new employment with Seller the Sellers or the Buyer (or any Affiliate of Seller the Sellers or the Buyer) or in respect of any benefits that may be provided, directly or indirectly, under any plan or arrangement maintained by Sellerthe Sellers, the Buyer or any Affiliate of Seller the Sellers or the Buyer. Except as otherwise expressly provided in this Agreement, The Buyer is not under no any obligation to hire any employee of Sellerthe Sellers, provide any employee with any particular benefits, or make any payments or provide any benefits to those employees of Seller the Sellers whom the Buyer chooses not to employ.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Corixa Corp)

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