Common use of Termination of Employment Agreements Clause in Contracts

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. Each The Company and each Shareholder agrees that any is party to an employment or management consulting agreement to which he, she or it is a party with the Company hereby agree that such agreement is hereby terminated and shall be of no further force or effect, effective at the upon 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. Each Shareholder agrees of the Shareholders and the Company severally agree that any employment or management agreement to which he, he or she or it is a party with the Company is hereby will be terminated effective at the ClosingClosing without any further action by such individual, the Company or Medirisk, and the Company no party to any such agreement will have no any liability or obligation thereunder of any nature or kind from and after the Closing Date.