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 Company and the Subsidiaries in an effort to persuade them to continue in the employ of the Company or any of the Subsidiaries following the Closing, and Purchaser, in its sole discretion, shall be satisfied with the arrangements made to ensure that following the Closing the Company and the Subsidiaries will retain the services of their 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. 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. 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. 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. MedPartners and the Subsidiary hereby agree that ASG shall be permitted to pay cash compensation in an aggregate amount not to exceed one of the annual "Target Payouts" payable to Scotx X. Xxxcy pursuant to his employment agreement with ASG had the Merger been consummated on December 29, 1997 (which in any event he had planned to distribute to certain ASG employees) to certain key employees of ASG (other than Mr. Mercy) in order to induce such key employees to remain in the employ of ASG until consummation of the Merger. MedPartners and the Subsidiary further agree that such payment shall not constitute a breach of ASG's performance of any of its obligations pursuant to the Plan of Merger. The parties agree that the foregoing is not intended to modify the terms of Mr. Mercy's employment agreement with ASG.
Retention of Key Employees. Each of the Key Employees: (i) shall have accepted and entered into their respective Employment Agreements, and (ii) as of the Closing Date, (A) Xxxxxx and Xxxxxxxx Xxxxxx (“Xxxxxx”), and (B) not less than two (2) out of the three (3) Key Employees other than Xxxxxx and Xxxxxx, shall be employed by the Company or a Company Subsidiary (and shall not have given notice or received notice of the termination of such employment); provided that a person shall be deemed to not be so employed by the Company or a Company Subsidiary if the Company has Knowledge of any intention of such Key Employee to give notice of the termination of their employment within six months of the Closing Date.
Retention of Key Employees. OTMI shall have received legal or other assurances reasonably satisfactory to it that the key executive employees of Diamond shall have elected to continue their employment with Diamond subsequent to the Closing Date of the Share Exchange.
