Common use of Retention of Employees Prior to Closing Clause in Contracts

Retention of Employees Prior to Closing. Seller agrees to use reasonable efforts to retain the Employees identified by Buyer to be retained as employees of the business until the Closing Date, and to assist Buyer in securing the employment after the Effective Date of those Employees to whom Buyer (or designated by Buyer) makes or intends to make offers of employment under Section 8.1(a), including, but not limited to, reasonably assisting Buyer in communicating with each of the Employees. Seller shall not terminate any Employee without the consent of Buyer. Seller shall notify Buyer promptly if, notwithstanding the foregoing, any Key Employee or any Employee material to Seller's business terminates employment with Seller after the date of Effective Date but prior to the Closing. Buyer may request Seller to hire additional employees for the business, in which case Seller will use commercial reasonable efforts to identify and hire such employees.

Retention of Employees Prior to Closing. Seller agrees to use reasonable efforts to retain the Employees identified by Buyer Xxxxx to be retained as employees of the business until the Closing Date, and to assist Buyer Xxxxx in securing the employment after the Effective Date of those Employees to whom Buyer (or designated by Buyer) makes or intends to make offers of employment under Section 8.1(a), including, but not limited to, reasonably assisting Buyer in communicating with each of the Employees. Seller shall not terminate any Employee without the consent of Buyer. Seller shall notify Buyer promptly if, notwithstanding the foregoing, any Key Employee or any Employee material to Seller's business terminates employment with Seller after the date of Effective Date but prior to the Closing. Buyer may request Seller to hire additional employees for the business, in which case Seller will use commercial reasonable efforts to identify and hire such employees.