Common use of Employment of Active Employees by Buyer Clause in Contracts

Employment of Active Employees by Buyer. (i) Not later than the Closing Date, Buyer shall offer employment to the current employees of Seller listed on Part 5.1(b) at the compensation rates and with the benefits set forth on Part 5.1(b) (any such employees who accept such offer of employment being referred to as the “Hired Active Employees”). Buyer shall have no obligation to offer employment to any employees whose employment had been terminated (voluntarily or involuntarily) or who have retired prior to the Closing Date.

Employment of Active Employees by Buyer. (i) Not later than the Closing Date, Buyer shall offer employment to the current employees of Seller listed on Part Schedule 5.1(b) at the compensation rates and with the benefits set forth on Part Schedule 5.1(b) (any such employees who accept such offer of employment being referred to as the “Hired Active Employees”). Buyer shall have no obligation to offer employment to any employees whose employment had been terminated (voluntarily or involuntarily) or who have retired prior to the Closing Date. Buyer shall inform Seller promptly of the identities of those Active Employees to whom it will not make employment offers.

Employment of Active Employees by Buyer. (i) Not later than the Closing Date, Buyer shall offer employment to the current employees of Seller listed on Part Schedule 5.1(b) at the compensation rates and with the benefits set forth on Part Schedule 5.1(b) and with such benefits, if any, as may be specified in the employment offer letter provided by Buyer to each such employee contemporaneously with the Closing (any such employees who accept such offer of employment being referred to as the “Hired Active Employees”). Buyer shall have no obligation to offer employment to any employees whose employment had been terminated (voluntarily or involuntarily) or who have retired prior to the Closing Date.

Employment of Active Employees by Buyer. (i) Not later than the Closing Date, Buyer shall offer employment to the current employees of Seller listed on Part 5.1(b) at the compensation rates and with the benefits set forth on Part 5.1(b) (any such employees who accept such offer of employment being referred to as the “Hired Active Employees”). Buyer shall have no obligation to offer employment to any employees whose employment had been terminated (voluntarily or involuntarily) or who have retired prior to the Closing Date. Buyer shall inform Seller promptly of the identities of those Active Employees to whom it will not make employment offers.