Common use of Restrictions on Soliciting Employees Clause in Contracts

Restrictions on Soliciting Employees. In addition, to protect Buyer against any efforts by Seller or the subsidiaries to cause the Transferred Employees to terminate their employment, Seller, on behalf of itself and its subsidiaries, agrees that for a period of five years following the Closing Date, such person will not directly or indirectly (i) induce any Transferred Employee to leave Buyer or to accept any other employment or position (including with Seller or any of the subsidiaries), or (ii) assist any other entity in hiring any Transferred Employees.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fischer Imaging Corp), Asset Purchase Agreement (Hologic Inc)

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Restrictions on Soliciting Employees. In addition, to protect Buyer against any efforts by Seller Sellers or the subsidiaries Selling Shareholders to cause employees of the Transferred Employees Business to terminate their employment, Seller, on behalf of itself each Seller and its subsidiaries, each Selling Shareholder agrees that for a period of five 5 years following the Closing DateDate so long as Buyer is engaged in activities similar to the Business, such person Person will not directly or indirectly (i) induce any Transferred Employee employee of the Business or of Buyer, to leave Buyer or to accept any other employment or position (including with Seller or any of the subsidiaries)position, or (ii) assist any other entity in hiring any Transferred Employeessuch employee.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Seracare Life Sciences Inc), Asset Purchase Agreement (Seracare Life Sciences Inc)

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Restrictions on Soliciting Employees. In addition, to protect ------------------------------------ Buyer against any efforts by Seller or the subsidiaries Sellers to cause employees of the Transferred Employees Business to terminate their employment, Seller, on behalf of itself and its subsidiaries, each Seller agrees that for a period of five 5 years following the Closing Date, such person Sellers will not directly or indirectly (i) induce any Transferred Employee employee of the Business to leave Buyer or to accept any other employment or position (including with Seller or any of the subsidiaries)position, or (ii) assist any other entity in hiring any Transferred Employeessuch employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mindarrow Systems Inc)

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