Common use of No Rights Conferred Upon Employees Clause in Contracts

No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), Purchaser is not under any obligation to employ any current or future employee of the Company or any Affiliate of the Company thereof. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ocz Technology Group Inc), Noncompetition and Nonsolicitation Agreement (Ocz Technology Group Inc)

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No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), Purchaser is not under any obligation to employ any current or future employee of the Company Seller or any Affiliate of the Company thereof. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Docucon Incorporated), Asset Purchase Agreement (Tab Products Co)

No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), that Purchaser is not under any obligation to employ any current or future employee of the Company Seller or any Affiliate of the Company thereof. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (MFC Development Corp)

No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), Purchaser that Buyer is not under any no obligation to employ any current or future employee of the Company or any Affiliate of the Company thereofits Affiliates. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employeeof Company's employees or consultants (including without limitation any Employee or Transferred Employee) and no person (including without limitation any Employee or Transferred Employee) shall be a third party beneficiary with respect to any provision in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Teraforce Technology Corp)

No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), that neither Parent nor Purchaser is not under any obligation to employ any current or future employee of the Company Seller or any Affiliate of the Company thereof. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Intermix Media, Inc.)

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No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), that Purchaser is not under any obligation to employ offer employment to any current or future employee of the Company Seller or any Affiliate of thereof, other than the Company thereofKey Employees. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employeeemployee of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Insightful Corp)

No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in Section 10.1(a8.3(a) and (b) and the Employment Agreement and as necessary to satisfy the condition in Section 9.2(m), Purchaser is not under any obligation to employ any current or future employee of the Company Seller or any Affiliate of the Company thereof. Further, nothing in this Agreement shall confer any rights or remedies under this Agreement on any employeecurrent or former employee of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apogee Technology Inc)

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