Common use of Covenant Against Hiring Clause in Contracts

Covenant Against Hiring. Seller understands that in Buyer's view it is essential to the successful operation of its business that Buyer retain substantially unimpaired Seller's current operating organization. Seller covenants and agrees that neither of them, nor any affiliate of either of them, without the prior written consent of Buyer, shall take any action which would induce any employee or representative of Seller prior to the Effective Time not to become or continue as an employee or representative of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petrol Oil & Gas Inc)

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Covenant Against Hiring. Seller understands and the Shareholders understand that in Buyer's view it is essential to the successful operation of its a technical staffing business in the Territory that Buyer retain substantially unimpaired Seller's current operating organization. Seller covenants and agrees the Shareholders covenant and agree that neither of them, nor any affiliate of either of them, without the prior written consent of Buyer, shall take any action which would induce any employee employee, independent contractor or representative of Seller prior to the Effective Time not to become or continue as an employee employee, independent contractor or representative of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Heist C H Corp)

Covenant Against Hiring. Seller understands and the Shareholders understand that in Buyer's view it is essential to the successful operation of its a technical staffing business in the Territory that Buyer retain substantially unimpaired Seller's current operating organization. Seller covenants and agrees the Shareholders covenant and agree that neither of them, nor any affiliate of either of them, without the prior written consent of Buyer, shall take any action which would induce any employee or representative of Seller prior to the Effective Time not to become or continue as an employee or representative of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Heist C H Corp)

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Covenant Against Hiring. Seller understands and the Stockholder understand that in Buyer's view it is essential to the successful operation of its a technical staffing business in the Territory that Buyer retain substantially unimpaired Seller's current operating organization. Seller covenants and agrees the Stockholder covenant and agree that neither of them, nor any affiliate of either of them, without the prior written consent of Buyer, shall take any action which would induce any employee or representative of Seller prior to the Effective Time not to become or continue as an employee or representative of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mega Micro Technologies Group)

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