Methods for Transfer. The Parties agree and acknowledge that, depending on the structure of the contemplated transaction and the applicable legal requirements in the respective jurisdiction, the Business Employees shall be transferred to Purchaser or a Purchaser’s Designee by any of the following methods: a. Change of Ownership Purchaser or a Purchaser Designee acquires the shares in a Sold Entity or a JV Majority Participation which employs any of the Business Employees; such legal entity being an existing Affiliate of Seller as of the Signing Date.
Appears in 3 contracts
Sources: Share and Asset Purchase Agreement, Share and Asset Purchase Agreement (Federal-Mogul Holdings Corp), Share and Asset Purchase Agreement (Federal-Mogul Holdings Corp)