Offeree Employee definition
Examples of Offeree Employee in a sentence
Nothing in this Agreement shall be construed as an employment contract between Buyer and any Offeree Employee.
Neither Seller nor any of its Affiliates shall knowingly cause or attempt to cause any Offeree Employee to reject Buyer’s or its Affiliate’s offer of employment.
Except as set forth on Schedule 4.9, Seller has no written employment contracts, and no agreement of any nature that provides for employment for any particular period of time or that provides any restrictions upon Seller's right to terminate employment without any post- termination payment obligation, with any Offeree Employee.
Any party may (i) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto or (ii) waive compliance with or fulfillment of any of the agreements or conditions for the benefit of such party contained herein.
As used herein, “Transferred Employee” means each (i) Transferred Entity Employee, as well as each (ii) Offeree Employee who affirmatively accepts the Purchaser’s offer of employment pursuant to this Section 6.2(a).
Each Offeree Employee who accepts such offer of employment and transfers to Buyer or one of its Affiliates (the “Transferred Employees”) shall commence employment with Buyer or one of its Affiliates immediately following the Closing.
Further, nothing contained in this Agreement will prohibit Seller from attempting to retain the employment, by any lawful means, of one (1) Offeree Employee.
In the event an Offeree Employee accepts a Qualified Offer and is hired by Buyer (each a “Transferred Employee”), such Transferred Employee’s employment with Buyer shall be effective the first business day following the Closing Date.
Other than in the ordinary course of business, no binding agreements have been made or entered into between Seller and any Offeree Employee regarding changes in compensation, promotion or any other change in status.
The Offeree Employees who accept employment with Buyer are referred to herein as the "Transferred Employees", provided that any Offeree Employee who accepts employment with the Buyer but is terminated within thirty (30) days of the Closing Date shall be deemed not to be a Transferred Employee solely for the purposes of subparagraph (f) of this Section.