Examples of Resigning Employees in a sentence
The Resigning Employees shall have delivered to the Purchaser at or prior to the Closing a letter of resignation from the Company and the Company Subsidiaries, as applicable.
At the Closing, Seller shall deliver to Buyer resignation letters (the “Resignation Letters”) executed by each of the Resigning Employees.
The Company shall inform Acquiror of any employees who have given the Company notice of resignation or termination (“Resigning Employees”), and cooperate and work with Acquiror to ensure that the Resigning Employees do not receive offers of continued employment from an Acquiror Employer.
The Company shall ensure that the notice periods for the Resigning Employees are completed and that the Resigning Employees are terminated prior to the Closing Date.
Any resulting severance, final pay costs and associated Taxes from the Terminated Employees and Resigning Employees shall be treated as a Transaction Expense of the Company.