Common use of Other Employees of the Business Clause in Contracts

Other Employees of the Business. With respect to each Employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment or consultancy with Seller, effective prior to the Closing or offer such Non-Transferred Employee employment with Seller in other business in which Seller is engaged. Seller further acknowledges that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pointshare Corp)

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Other Employees of the Business. With respect to each Employee employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- Transferred EmployeeNON-TRANSFERRED EMPLOYEE"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment or consultancy with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller other than in other business in which Seller is engagedthe Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (New Valley Corp)

Other Employees of the Business. With respect to each Employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- ---- Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment or consultancy with Seller, effective prior to the Closing or offer such Non-Transferred Employee employment with Seller in other business in which Seller is engagedClosing. Seller further acknowledges that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pointshare Corp)

Other Employees of the Business. With respect to each Employee employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- Non-Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment with Seller or consultancy with SellerSeller Sub, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller or Seller Sub other than in other business in which Seller is engagedthe Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Accrue Software Inc)

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Other Employees of the Business. With respect to each Employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- “Non-Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's ’s employment or consultancy with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller or Parent other than in other business in which Seller is engagedthe Business. Seller and Parent further acknowledges acknowledge that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ellie Mae Inc)

Other Employees of the Business. With respect to each Employee employee of the ------------------------------- Business as of the Closing Date who is not a Transferred Employee (each a "Non- --- Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment or consultancy with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller other than in other business in which Seller is engagedthe Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees or consultants of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Atroad Inc)

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