Common use of Transfer of Certain Employees Clause in Contracts

Transfer of Certain Employees. Seller will use its reasonable efforts to maintain the employees as employees of Seller at the Branch until the Closing Date. Any employee whose employment shall be terminated for any reason prior to the Closing Date or who shall elect not to be an employee of Purchaser shall be dealt with by Seller in its sole and absolute discretion, and Purchaser shall have no liability whatsoever therefor. Effective at Closing, the Seller will terminate the employment of all employees assigned to the Branch, and such employees will become “at will” employees of the Purchaser under such terms as may be established by Purchaser in its sole discretion, except as otherwise expressly provided in Section 6.03 below. The Seller and the Purchaser shall mutually agree upon any additions to or replacements of staff after the date of this Agreement through Closing, and Seller shall not employ any employees at the Branch during such time other than on an “at will” basis and upon prior notice to Purchaser.

Transfer of Certain Employees. Seller will use its reasonable efforts to maintain the employees as employees of Seller at the Branch until the Closing Date. Any employee whose employment shall be terminated for any reason prior to the Closing Date or who shall elect not to be an employee of Purchaser shall be dealt with by Seller in its sole and absolute discretion, and Purchaser shall have no liability whatsoever therefor. Effective at Closing, the Seller will terminate the employment of all employees assigned to the BranchBranch (except the Branch manager), and such employees will become “at will” employees of the Purchaser under such terms as may be established by Purchaser in its sole discretion, except as otherwise expressly provided in Section 6.03 below. The Seller and the Purchaser shall mutually agree upon any additions to or replacements of staff after the date of this Agreement through Closing, and Seller shall not employ any employees at the Branch during such time other than on an “at will” basis and upon prior notice to Purchaser.

Transfer of Certain Employees. Seller will use its reasonable efforts to maintain the employees as employees of Seller at the Branch Branches until the Closing Date. Any employee whose employment shall be terminated for any reason prior to the Closing Date or who shall elect not to be an employee of Purchaser shall be dealt with by Seller in its sole and absolute discretion, and Purchaser shall have no liability whatsoever therefor. Effective at Closing, the Seller will terminate the employment of all employees assigned to the BranchBranches, and such employees will become “"at will” " employees of the Purchaser under such terms as may be established by Purchaser in its sole discretion, except as otherwise expressly provided in Section 6.03 below. The Seller and the Purchaser shall mutually agree upon any additions to or replacements of staff after the date of this Agreement through Closing, and Seller shall not employ any employees at the Branch Branches during such time other than on an “"at will” " basis and upon prior notice to Purchaser.

Transfer of Certain Employees. Seller Seller, except as mutually agreed by Purchaser and Seller, will use its reasonable efforts to maintain the employees as employees of Seller at the Branch Branches until the Closing Date. Any employee whose employment shall be terminated for any reason prior to the Closing Date or who shall elect not to be an employee of Purchaser shall be dealt with by Seller in its sole and absolute discretion, and Purchaser shall have no liability whatsoever therefor. At the Effective at ClosingTime, the Seller will terminate the employment of all employees assigned to the BranchBranches, and such employees will become “"at will” " employees of the Purchaser under such terms as may be established by Purchaser in its sole discretion, except as otherwise expressly provided in Section 6.03 below. The Seller and the Purchaser shall mutually agree upon any additions to or replacements of staff after the date of this Agreement through Closingthe Closing Date, and Seller shall not employ any employees at the Branch Branches during such time other than on an “"at will” basis and upon prior notice to Purchaser" basis.