Transfer Agreement definition
Examples of Transfer Agreement in a sentence
For a period beginning on the Closing Date, and continuing for a period of three (3) months after the Closing Date, (i) Buyer and (ii) the India Seller or Global SSC, as applicable, agree to use commercially reasonable efforts to facilitate the issuance and execution of an Employee Transfer Agreement with any Covered Indian Employee or Covered Employee who has not accepted an offer from Buyer as of the Closing.
No Party shall be required to perform, satisfy, or discharge any obligation more than once by reason of the existence of both this Agreement and the Business Transfer Agreement.
For a period beginning on the Closing Date, and continuing for a period of three (3) months after the Closing Date, (i) Buyer and (ii) India Seller agree to use commercially reasonable efforts to facilitate the issuance and execution of an Employee Transfer Agreement with any Covered Indian Employee who has not yet accepted an offer from Buyer.
All such claims (except with respect to the Enforcement Exceptions) shall be brought in accordance with, and be subject to the provisions, rights and limitations set out in this Agreement and, except with respect to the Enforcement Exceptions, no Party shall be entitled to recover damages or obtain payment, reimbursement, restitution or indemnity under or pursuant to the Business Transfer Agreement as an independent source of liability (but without prejudice to any claim hereunder).
Effective as of the Closing, the existing employment agreement executed by such Transferred Employee with India Seller or Global SSC, as applicable, shall stand terminated, and such Transferred Employee will be governed by the Employee Transfer Agreement and any separate employment agreement executed by such Transferred Employee and the Buyer.