Common use of Transferring Employees Clause in Contracts

Transferring Employees. From the date of this Agreement until the Effective Date, Seller has not paid or obligated itself to pay, any compensation, commission or bonus to any staff employee or independent contractor as such, except for the regular compensation, accrued benefits and commissions payable to such staff employee or independent contractor at the rate in effect on the date of this Agreement. Seller agrees to notify Buyer of the departure or pending departure of any staff employee prior to the Effective Date.

Transferring Employees. From the date of this Agreement until the Effective Date, Seller has not paid or obligated itself to pay, any compensation, commission or bonus to any staff employee or independent contractor Employee as such, except for the regular compensation, accrued benefits and commissions payable to such staff employee or independent contractor Employee at the rate in effect on the date of this Agreement. Seller agrees to notify Buyer of the departure or pending departure of any staff employee Employee prior to the Effective Date.