Common use of Change of Employer Clause in Contracts

Change of Employer. With respect to any of Seller’s employees hired by Buyer, as of the end of the Closing Date, such employees shall be deemed to have resigned their employment with Seller. Seller shall retain all responsibility for payment of all wages and benefits earned by such employees through the Closing Date, including, without limitation, any severance or other compensation or benefits paid in association with an employee’s termination.

Change of Employer. With respect to any of Seller’s employees hired by BuyerXxxxx, as of the end of the Closing Date, such employees shall be deemed to have resigned their employment with Seller. Seller shall retain all responsibility for payment of all wages and benefits earned by such employees through the Closing Date, including, without limitation, any severance or other compensation or benefits paid in association with an employee’s termination.