Common use of Employees and Employee Benefits Clause in Contracts

Employees and Employee Benefits. (a) Buyer shall, or shall cause an Affiliate of Buyer to, offer employment effective on the Closing Date, to all Employees, including Employees who are absent due to vacation, family leave, short-term disability or other approved leave of absence (the Employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”).

Appears in 6 contracts

Samples: Asset Purchase Agreement (Esports Entertainment Group, Inc.), Asset Purchase Agreement (Item 9 Labs Corp.), Asset Purchase Agreement (ARC Group Worldwide, Inc.)

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Employees and Employee Benefits. (ac) Buyer shall, or shall cause an Affiliate of Buyer to, offer employment effective on the Closing Date, to substantially all Employees, including Employees who are absent due to vacation, family leave, short-term disability or other approved leave of absence (the Employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Buffalo Wild Wings Inc)

Employees and Employee Benefits. (a) Buyer Prior to the Closing Date, Purchaser shall, or shall cause an Affiliate of Buyer Purchaser to, offer employment effective on the Closing Date, to all Employeesemployees of Seller, including Employees any such employees who are absent due to vacation, family leave, short-term disability or other approved leave of absence (the Employees Seller employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Heritage Global Inc.)

Employees and Employee Benefits. (a) Buyer shall, or shall cause an Affiliate of Buyer to, offer employment effective on the Closing Date, to all Employees, including the Key Employees who are absent due to vacation, family leave, short-term disability or and certain other approved leave of absence Employees at Buyer’s sole discretion (the Employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Insignia Systems Inc/Mn)

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Employees and Employee Benefits. (a) Buyer shall, or shall cause an Affiliate of Buyer to, offer employment effective on the Closing Date, to substantially all Employeesof the Employees (but in any event no less than ninety percent (90%) of the Employees as of the Effective Date), including Employees who are absent due to vacation, family leave, short-term disability or other approved leave of absence (the Employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Astronics Corp)

Employees and Employee Benefits. (a) Buyer shall, or shall cause an Affiliate of Buyer to, offer employment to be effective on the Closing Date, to all Employees, including the Employees who are absent due to vacation, family leave, short-term disability or other approved leave of absence (the Employees who accept such employment and commence employment on the Closing Date, the “Transferred Employees”). Such offers of employment, when countersigned, shall confirm each Transferred Employee’s resignation of his or her employment with the Seller Parties effective as of the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tremor Video Inc.)

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