Common use of Obligation to Employ Clause in Contracts

Obligation to Employ. Nothing in the representations or warranties contained herein shall be construed as an obligation or commitment of Buyer, the Company or any Subsidiary or Affiliate of any of them to employ or continue to employ any employee, officer or director of the Company or otherwise assume any liability, including liabilities for salary, benefits, pension, stock options, severance or other benefit plans of any employee, officer or director of the Company after Closing.

Appears in 1 contract

Samples: Securities Purchase Agreement (Invigor Group LTD)

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Obligation to Employ. Nothing in the representations or warranties contained herein shall be construed as an obligation or commitment of Buyer, the The Company or any Subsidiary or Affiliate of any of them either corporation to employ or continue to employ any employee, officer or director of the Company or otherwise assume any liability, including liabilities for salary, benefits, pension, stock options, severance or other benefit plans of any employee, officer or director of the Company after ClosingCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (KIT Digital, Inc.)

Obligation to Employ. Nothing in the representations or warranties contained herein shall be construed as an obligation or commitment of Buyer, the Company Surviving Corporation or any Subsidiary or Affiliate of any of them either corporation to employ or continue to employ any employee, officer or director of the Company or otherwise assume any liability, including liabilities for salary, benefits, pension, stock optionsoptions (including, without limitation, any obligation under the Company Option Plan), severance or other benefit plans of any employee, officer or director of the Company after ClosingCompany.

Appears in 1 contract

Samples: Merger Agreement (KIT Digital, Inc.)

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Obligation to Employ. Nothing in the representations or warranties contained herein shall be construed as an obligation or commitment of Buyerthe KIT, the Company Surviving Corporation or any Subsidiary or Affiliate of any of them either corporation to employ or continue to employ any employee, officer or director of the Company or otherwise assume any liability, including liabilities for salary, benefits, pension, stock optionsoptions (including, without limitation, any obligation under the Company Option Plan), severance or other benefit plans of any employee, officer or director of the Company after ClosingCompany.

Appears in 1 contract

Samples: Merger Agreement (KIT Digital, Inc.)

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