Common use of Seller Employees Clause in Contracts

Seller Employees. (a) Purchasers shall offer employment to all ADI Personnel upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers shall not employ any person who was an employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such person.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

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Seller Employees. (a) Purchasers Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially equivalent similar to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers Purchaser shall not employ solicit for employment any person who was an is a salaried employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such personSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchasers Purchaser shall offer employment to all ADI Personnel upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers Purchaser shall not employ hire any person who was an employee of Seller or any subsidiary of Seller on or after April 1, 1998 within the previous three months (other than ADI Personnel), ) and for a period of eighteen months following the Closing, Purchasers . Purchaser shall not solicit for employment any such personperson who is an employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchasers Purchaser shall offer employment to all ADI Personnel as to whom Purchaser has been furnished all employment records at Closing, upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers Purchaser shall not employ solicit for employment any person who was an is a salaried employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such personSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchasers shall Purchaser intends to offer employment to all ADI Personnel employed and in good standing at the Effective Time upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve eighteen months following the Closing, Purchasers unless otherwise permitted by Seller in writing, Purchaser shall not employ solicit for employment any person who was is an employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such person.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchasers Purchaser shall offer employment to all ADI Personnel upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers Purchaser shall not employ solicit for employment any person who was an is a salaried employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such personSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

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Seller Employees. (a) Purchasers shall Purchaser intends to offer employment to all ADI Personnel employed and in good standing at the Effective Date upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve eighteen months following the Closing, Purchasers unless otherwise permitted by Seller in writing, Purchaser shall not employ solicit for employment any person who was an is a salaried employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such person.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

Seller Employees. (a) Purchasers Purchaser shall offer employment to all ADI Personnel upon terms and conditions substantially equivalent to those provided by SellerSeller (including compensation and benefits not below those in place immediately prior to the Closing); however, Purchasers Purchaser shall not be required to provide stock options or any stock other purchase rightsrights regarding equity interests in Purchaser. For a period of twelve months following the Closing, Purchasers shall not employ any person who was an employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers Purchaser shall not solicit for employment any such personperson who is an employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchasers Purchaser shall offer employment to all ADI Personnel upon terms and conditions substantially equivalent to those provided by Seller; however, Purchasers Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchasers other than the ADI Personnel, Purchaser shall not employ solicit for employment any person who was an is a salaried employee of Seller or any subsidiary of Seller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such personSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

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