Notification and Reasonable Efforts Clause Samples
Notification and Reasonable Efforts. The Seller shall (i) notify the Seller’s Employees of the contemplated transfer of their employment within three (3) Business Days after the date hereof with a notice substantially in the form as set forth in Exhibit 16.3 (the “Transfer Notice”) and (ii) use best efforts (which shall not require the Seller to pay or promise any money or benefits, other than in accordance with the terms of their relevant employment) to ensure that the relevant employees shall not object to the transfer of their employment to EMP in accordance with Section 16.2 above.
Notification and Reasonable Efforts a) The Seller and the Purchaser shall jointly notify the Transferring Employees of the proposed transfer of their employment, in compliance with section 613a paragraph 5 BGB, no later than (30) Business Days before the Closing Date substantially in the form of the draft notification attached hereto as Annex 6.2.a.
b) If any Transferring Employees or Objecting Employees (with the exception of the Remaining Employees as defined in § 14(6)b) below) do not become Transferred Employees, the Purchaser shall reimburse the Seller for the costs and expenses related to such employees that arise following the Closing Date (including the costs of termination of employment), provided that the Seller issues notice of termination to the relevant employees as soon as practicable and no later than one month after the Closing Date. Notwithstanding the foregoing, the Purchaser will fully indemnify the Seller from any liability with respect to any Objecting Employee arising after the expiration of a period of one month following receipt by the relevant employee of the notice referred to in § 6(2)a) above resulting from any non-compliance of the notice with the requirements of section 613a paragraph 5 BGB with respect to any measures affecting the employees and envisaged by the Purchaser after the Closing Date.