Common use of Purchaser Liabilities Clause in Contracts

Purchaser Liabilities. The Purchaser shall be responsible for all Liabilities: (a) for salary, wages, bonuses, commissions, vacations, vacation pay and other compensation relating to the employment of all Transferred Employees or the termination of such employment on and after the Closing Date; and (b) to an Employee who is eligible to receive an offer of employment from the Purchaser pursuant to Section 6.1(1) but does not receive such offer of employment, and which arise directly or indirectly out of, as a result of, in connection with or pursuant to the Vendor’s termination of the employment of such Employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Mastech Digital, Inc.)

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Purchaser Liabilities. The Purchaser shall be responsible for all Liabilities: (a) for salary, wages, bonuses, commissions, vacations, vacation pay and other compensation relating to the employment of all Transferred Employees or the termination of such employment on and after the Closing Date; and (b) to an Employee who is eligible to receive an offer of employment from the Purchaser pursuant to Section 6.1(15.1(1) but does not receive such offer of employment, and which arise directly or indirectly out of, as a result of, in connection with or pursuant to the Vendor’s termination of the employment of such Employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mastech Digital, Inc.)

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Purchaser Liabilities. The Purchaser shall be responsible for all Liabilities: (a) for salary, wages, bonuses, commissions, vacations, vacation pay and other compensation relating to the employment of all Transferred Employees or and claims for the termination of such employment on and after the Closing Date; and (b) to an Employee who is eligible to receive an offer of employment from the Purchaser pursuant to Section 6.1(1) but does not receive such offer of employment, and which arise directly or indirectly out of, as a result of, in connection with or pursuant to the Vendor’s termination of the employment of such Employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (BBX Capital, Inc.)

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