Obligations of Employer. If Employer is a party to a merger or consolidation or sells those assets and business for which Employee is employed, Employer will cause the purchaser or other successor to assume the obligations of Employer set forth herein. Employer shall remain liable hereunder unless and until the obligations of the Employer are assumed by a solvent successor to Employer that will carry on the business for which Employee is employed.
Appears in 5 contracts
Samples: Employment Agreement (Circuit Research Labs Inc), Employment Agreement (Circuit Research Labs Inc), Employment Agreement (Circuit Research Labs Inc)
