Termination of Employment Agreements. Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.
Termination of Employment Agreements. The parties hereby agree that any and all prior employment agreements between Executive and the Company are hereby terminated as of the date hereof, and any and all such agreements shall be of no further force and effect from and after the date hereof and the parties shall be released from any further obligations thereunder. The foregoing, however, shall not be deemed to abrogate or otherwise affect any of Executive’s obligations under the Company’s Code of Conduct as heretofore or hereafter in effect or any other restrictive covenant binding upon Executive.
Termination of Employment Agreements. Each Shareholder agrees that any employment or management agreement to which he, she or it is a party with the Company is hereby terminated effective at the Closing, and the Company will have no liability or obligation thereunder of any nature or kind from and after the Closing Date.
Termination of Employment Agreements. The Company shall have terminated without liability, expense or obligation to Company or any Subsidiary (and no payments shall be required to be made by the Surviving Corporation or any Subsidiary from and after the Closing Date in respect of) any employment agreements the terms of which are not specifically provided for in this Agreement, and neither Company nor any subsidiary shall be liable for any payment in respect of any agreement as a result of a change in control of Company (whether or not in conjunction with any other event or events).
Termination of Employment Agreements. The Company shall have provided evidence satisfactory to Buyer of the complete termination, without liability to the Company, of all employment agreements in existence prior to the Closing among the Company, on the one hand, and Millxx xx any other employees of the Company, on the other (other than any non-compete and non-disclosure agreements referenced in SECTION 2.1(g)).
Termination of Employment Agreements. With respect to any Transferred Employee who is a party to an employment agreement with the HIG Group (each agreement and “Employment Agreement”), each Purchasing Insurer shall use commercially reasonable efforts to obtain, on or prior to the Transfer Date, the consent of such Transferred Employee to the termination of such Employment Agreement. On and after the Closing Date, CPRE shall cause each member of the HIG Group to release such Transferred Employees from any restrictive covenant in any employment agreement that would impede, directly or indirectly, such Transferred Employee, from accepting the Offer of Employment. Each Purchasing Insurer shall be responsible for any and all Liabilities with respect to, in connection with, or arising out of the termination of any Employment Agreement between a member of the HIG Group and any member of the Employee Group.
Termination of Employment Agreements. Each agreement between the Company and its employees shall have been terminated or shall terminate at the Effective Time pursuant to a written agreement of termination reasonably satisfactory to Parent, which agreement of termination shall provide that the transactions contemplated by this Agreement shall not trigger any rights or benefits or the acceleration of any rights or benefits under the terminated agreement.
Termination of Employment Agreements. All employment agreements between the Company and any other person shall have been terminated as contemplated in Section 5.11. (n)
Termination of Employment Agreements. As of the Closing Date, each of the employment agreements between GHH and Xxxx Xxxx, Xxxx Xxxxxxxx, Xxxxx Xxxxxxx, Xxx Xxxxx, Xxxxx Lautner and Xxxxxx Xxxxxxx, respectively, shall be terminated and replaced with employment agreements with Premier, and each of the named employees shall execute a release, in a form satisfactory to Premier and its counsel, with respect to any claims he may have against GHH. In addition, the employment agreements between GHH and Xxxxx Xxxxxxx, Xxxxx Xxxxx, and any other GHH employee not listed in the preceding sentence, shall be terminated prior to Closing.
Termination of Employment Agreements. With respect to any Transferred Employee who is a party to an employment agreement with the Seller or an Affiliate, the Seller shall be responsible for obtaining, on or prior to the Transfer Date, the consent of such Transferred Employee to the termination of such employment agreement. The Seller or Affiliate shall release such Transferred Employee from any restrictive covenant in such employment agreement which would impede, directly or indirectly, such Transferred Employee, from engaging in the Subject Business and shall be responsible for any and all liabilities with respect to, in connection with, or arising out of the termination of such employment agreement. For purposes of this section, “Success Bonuses” or “Stay Bonuses,” or any agreements similar in nature, with any member of the Employee Group, are not considered employments agreements.
