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 4.8(a), Purchaser is not under any obligation to employ any current or future employee of Seller or any Affiliate thereof. Further, Purchaser shall not be under any obligation except those, if any, created by Purchaser’s offer to any Retained Employee, to continue the employment of any Retained Employees listed on Schedule 2.15 hereof after Closing and nothing in this Agreement shall confer any rights or remedies under this Agreement on any such Retained Employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Clarus Corp), Asset Purchase Agreement (Epicor Software Corp)

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No Rights Conferred Upon Employees. The parties Parties hereby acknowledge that, except as otherwise provided in Section 4.8(a)clause (a) of this Section, Purchaser Buyer is not under any no obligation to employ any current or future employee of Seller or any Affiliate thereofSeller. Further, Purchaser Buyer shall not be under any no obligation except those, if any, created by Purchaser’s offer to any Retained Employee, to (i) continue the employment of any Retained Employees listed on Schedule 2.15 hereof Employee after Closing and nothing in this Agreement shall confer any rights or remedies under this Agreement on any such employee or (ii) continue any Retained Employee’s coverage under any employment benefit plan.

Appears in 1 contract

Samples: Asset Purchase Agreement (Macrovision Corp)

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No Rights Conferred Upon Employees. The parties hereby acknowledge that, except as otherwise provided in clause (a) of this Section 4.8(a)4.6, Purchaser Buyer is not under any obligation to employ any current or future employee of Seller or any Affiliate thereof. Further, Purchaser Buyer shall not be under any obligation except those, if any, created by Purchaser’s offer to any Retained Employee, to continue the employment of any Retained Designated Employees listed on Schedule 2.15 hereof after Closing and nothing in this Agreement shall confer any rights or remedies under this Agreement on any such Retained Employeeemployee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quantum Corp /De/)

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