Examples of Seller Parties in a sentence
The Seller Parties shall take all actions reasonably necessary such that, at the Closing, the Acquired Companies employ all active Continuing Employees and only the active Continuing Employees (the “Employee Transfer”).
For the avoidance of doubt, the Seller Parties shall take all actions necessary to ensure that the Acquired Companies shall not employ any Business Employee that is receiving short-term disability, long-term disability or workers’ compensation benefits (or is in an exclusion, elimination or runout period to become eligible to receive such benefits).
The Seller Parties shall use commercially reasonable efforts to continue to maintain (or to cause an Affiliate of the Seller Parties (other than the Acquired Companies) to continue to maintain) a group health plan for so long as any M&A qualified beneficiaries remain eligible for such coverage.
The Seller Parties further agree to undertake any additional steps necessary to effectuate such assignment.
If the Seller Parties timely raise any objections to the Allocation Schedule prepared by the Buyer pursuant to this Section 7.03(b), the Buyer and the Seller Parties shall cooperate in good faith to resolve such dispute.