Vuforia U.S Sample Clauses

Vuforia U.S. Specified Employees. (a) Promptly following the date hereof, Purchaser or one of its Affiliates shall extend to each Vuforia U.S. Employee (other than those who are inactive, to the extent permitted by law), contingent on the Closing, an offer of employment (the "Offer Letter") that, if accepted, would provide such Vuforia U.S. Employee with (i) the same base salary or wages and annual target bonus opportunity (if applicable) and (ii) other employee benefits (but specifically excluding any equity based compensation) and terms of employment (including job title) that are substantially comparable in the aggregate to the benefits and terms of employment provided by Seller or its Affiliates to such Vuforia U.S. Employees immediately prior to the Closing. Effective on the Closing Date, Purchaser or one of its Affiliates will hire each such Vuforia U.S. Employee who accepts and executes the Offer Letter (such employees who commence working for Purchaser or one of its Affiliates immediately following the Closing, collectively the "Hired Employees"). Seller consents, including on behalf of its applicable Affiliates, to Purchaser contacting the Vuforia U.S. Employees with respect to the desire of such employees to enter the employ of Purchaser or one of its Affiliates and Seller shall use commercially reasonable efforts to cooperate with the efforts of Purchaser to cause such Vuforia U.S. Employees to accept any offers of employment by Purchaser or its Affiliates and to execute Offer Letters. Notwithstanding the foregoing, and subject to applicable law and any contractual limitations and benefits, nothing herein shall be construed as to prevent Purchaser or one of its Affiliates from terminating the employment of any Hired Employee at any time after the Closing Date for any reason (or no reason). Purchaser agrees that each Hired Employee will receive credit for such employee's period of employment with Seller or one of its Affiliates (including in such length of 26 employment Seller or its Affiliates honored in connection with an acquisition) for purposes of calculating severance benefits required under any law, and for purposes of calculating benefits under any Purchaser or Purchaser Affiliate paid time off, benefit, entitled leave or severance plan, contract or policy. (b) If any inactive Vuforia U.S. Employee listed on Schedule 7.1, and designated as of the date hereof on Schedule 7.1 as inactive, who would otherwise have received an Offer Letter from Purchaser ...