Common use of Severance Obligations Clause in Contracts

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the BuyersBuyers based on Seller's severance policies as in effect on the Closing Date.

Severance Obligations. In the event an offer of employment is extended by the Buyers Buyer to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers Buyer is terminated within sixty (60) days from the Closing Date, the Seller shall be responsible for, and shall pay to such accepting employee, all severance benefits (benefits, if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the BuyersBuyer.

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller Sellers pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller Sellers shall be responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's Sellers' practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller Sellers or the Buyers

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller Sellers pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller Sellers shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller Sellers or the BuyersBuyers based on Sellers' severance policies as in effect on the Closing Date.

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the BuyersBuyer, as long as there has been no material change in the terms of employee's employment by Buyer.