Retention of Key Employees. All the persons listed in EXHIBIT "3.17" shall either be employees of the Company as of the Closing and to the best of the Company's knowledge, have not informed them that they intend to leave the Company, or if an employee has left the Company or intends to leave the Company, the latter has notified the Purchaser of same.
Retention of Key Employees. Purchaser shall have been given the opportunity to approach and negotiate with all employees of the Sellers in an effort to persuade them to become an employee of the Purchaser following the Closing, and Purchaser, in its sole discretion, shall be satisfied with the arrangements made to ensure that following the Closing, the Purchaser will retain the services of the Sellers' key employees.
Retention of Key Employees. Prior to the WOFE and Optic Closing, whichever is later, the Seller and Purchaser will use their best efforts to retain key employees of the Business.
Retention of Key Employees. GROWTH shall have received legal or other assurances reasonably satisfactory to it that the key executive and technical employees of NEAH shall have elected to continue their employment with NEAH subsequent to the Effective Time of the Merger; it being understood, however, that any such commitments shall be contingent upon the timely consummation of the GROWTH Financings.
Retention of Key Employees. None of the Key Employees shall have been involuntarily terminated, voluntarily terminated his or her employment, or communicated any intention of voluntarily terminated his or her employment following the Closing.
Retention of Key Employees. The Learning Annex hereby covenants and agrees that it shall use best efforts from the date hereof until the Closing Date to retain all key employees of The Learning Annex, including, without limitation, Xxxxx Xxxxxxxx and Xxxx Xxxxx. The Learning Annex shall promptly, and in any event within 48 hours, notify GHS in writing if any The Learning Annex key employee on the date hereof ceases to be an employee of The Learning Annex, or if any The Learning Annex key employee on the date hereof informs any officer of The Learning Annex that he or she will terminate his or her employment or engagement with The Learning Annex.
Retention of Key Employees. By Buyer by written notice to Seller if Xxxxx is not reasonably satisfied with arrangements made to ensure that following the Closing Company will retain the services of each of not more than ten employees of the Business identified to Seller by Xxxxx in writing not later than 7 days after the date hereof; provided, however, that Xxxxx's termination right set forth in this clause (f) shall expire and be of no further force and effect as of 5:00 p.m. San Francisco Time on the day that is two weeks after the date hereof.
Retention of Key Employees. All of the Class A Key Employees and at least three of the Class B Key Employees shall continue to be employees of EPB as of the Closing.
Retention of Key Employees. Each of the Key Employees will be employed by the Company Group immediately before the Closing Date. Nothing in this Agreement shall be deemed to amend the terms of employment of the non-Key Employees. As of the Closing and except as required by Law in each jurisdiction in which a Company Group employee is located, all employees will be at-will employees of a member of the Company Group and will not be guaranteed employment by the Company Group, Purchaser or any of its Affiliates for any fixed term, except as a result of any agreements or arrangements implemented by Purchaser prior to the Closing.
Retention of Key Employees. Upon the consummation of the contemplated Transaction, the Key Employees set forth in Exhibit B will enter into Employment Agreements with the Company. Each Company Employment Agreement shall contain provisions for each Key Employee’s compliance with his post-employment obligations, including without limitation the proprietary information, confidentiality, non-competition, non-solicitation and non-disparagement obligations set forth in such Company Employment Agreement for the duration of the Earnout Period and customary termination for cause clauses in employment agreements use by the Parent from time to time. The Employment Agreements will become effective upon the Effective Time of the Transaction and remain in effect for the duration of the Earnout Period. The Employment Agreements will be automatically renewed every three years until the death or incapacitation or retirement of the Key Employee unless terminated by either party with notice.
