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 with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller other than in the Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (New Valley 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“Non-TRANSFERRED EMPLOYEE"Transferred Employee”), Seller agrees to either terminate such Non-Transferred Employee's ’s employment with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller or Parent other than in the Business. Seller and Parent further acknowledges acknowledge that the Non-Transferred Employees shall not be employees 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 to whom Buyer has not a Transferred Employee made an offer of employment (each a "NON“Non-TRANSFERRED EMPLOYEE"Transferred Employee”), Seller agrees to either terminate that all such Non-Transferred Employee's employment with Seller, effective prior Employees shall continue to the Closing or offer such Non-Transferred Employee continued employment with be employees of Seller other than in connection with the Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees of Buyer after the ClosingClosing (or after the Employment Date).

Appears in 1 contract

Samples: Asset Purchase Agreement (Ess Technology Inc)

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 EMPLOYEENon- --- Transferred Employee"), Seller agrees to either terminate such Non-Transferred -------------------- Employee's employment with Seller, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller other than in the Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Atroad Inc)

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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 the BusinessClosing. 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 of the Business as of the Closing Date who is not a Transferred Employee (each a "NONNon-TRANSFERRED EMPLOYEETransferred Employee"), Seller agrees to either terminate such Non-Transferred Employee's employment with SellerSeller or Seller Sub, effective prior to the Closing or offer such Non-Transferred Employee continued employment with Seller or Seller Sub other than in the Business. Seller further acknowledges that the Non-Transferred Employees shall not be employees of Buyer after the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Accrue Software Inc)

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