Common use of Employees of Seller Clause in Contracts

Employees of Seller. Before or upon the Closing Date, Seller shall have terminated all of its Employees and Seller shall have presented Purchaser a list of all accrued vacation or other compensation claims payable to Seller's Employees accrued as of the Closing Date. Seller will tender to Purchaser written evidence in a form reasonably satisfactory to Purchaser of the termination of that employment relationship with Seller and the release by the Employees of any and all claims against Seller (the "Employee Releases").