Employees, Wages and Benefits. (i) Seller shall terminate or reassign all of its employees related to the Business effective as of the Closing Date and neither Parent nor Acquisition Sub shall assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ventures National Inc), Asset Purchase Agreement (TheRetirementSolution.com, Inc.)
Employees, Wages and Benefits. (i) Seller shall terminate or reassign all of its employees related to the Business effective as of the Closing Date immediately and neither Parent nor Acquisition Sub Buyer shall not assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation.
Appears in 1 contract
Samples: Asset Purchase Agreement (Vertical Health Solutions Inc)
Employees, Wages and Benefits. (i) Seller shall terminate or reassign all of its employees related to the Business effective as of the Closing Date and neither Parent nor Acquisition Sub shall assume or have any obligations or liabilities with respect to such employees or such terminations, including, without limitation, any severance obligation.
Appears in 1 contract
Samples: Asset Purchase Agreement (Digital Descriptor Systems Inc)
