Common use of Obligations to Employees Clause in Contracts

Obligations to Employees. All obligations of the Company arising from any severance, retention or similar agreements entered into prior to the Closing shall either be paid by Company prior to Closing or be deemed to be current liabilities on the Estimated Closing Date Balance Sheet and for the purposes of determining Working Capital.

Obligations to Employees. All obligations of the Company arising from any severance, retention or similar agreements entered into prior to the Closing shall will either be paid by the Company prior to Closing or be deemed to be current liabilities on the Estimated Closing Date Balance Sheet and for the purposes of determining Net Working Capital, except for the Post-Closing Bonuses. Nothing in this Agreement will change the “at will” nature of the employment arrangements with any employees of the Company, whether or not they become employees of Buyer or its Affiliates.

Obligations to Employees. All obligations of the Company arising from any severance, retention or similar agreements entered into prior to the Closing shall either be paid by Company prior to Closing or be deemed to be current liabilities on the Estimated Closing Date Balance Sheet and for the purposes of determining Working CapitalNet Assets. Nothing in this Agreement shall change the “at will” nature of the employment arrangements with any employees of the Company, whether or not they become employees of the Purchaser or an Affiliate of the Purchaser.

Obligations to Employees. All obligations of the Company arising from any severance, retention or similar agreements entered into prior to the Closing shall either be paid by Company prior to the Closing or be deemed to be current liabilities on the Estimated Closing Date Balance Sheet and for the purposes of determining Net Working Capital. Nothing in this Agreement shall change the “at will” nature of the employment arrangements with any employees of Company, whether or not they become employees of Purchaser.

Obligations to Employees. All obligations of the Company arising from any severance, retention or similar agreements entered by the Company into prior to the Closing shall either be paid by Company prior to Closing or be deemed to be current liabilities on the Estimated Closing Date Balance Sheet and for the purposes of determining Working CapitalActual Net Worth.