Common use of No Continuing Obligation Clause in Contracts

No Continuing Obligation. Subject to Buyer's obligations pursuant to Section 9.3 below, this Agreement (a) shall not require Buyer, Holdco or any of their respective subsidiaries to employ any Employee on or after the Closing Date or (b) constitute a guarantee of continuing employment to any Transferred Employee.

Appears in 2 contracts

Sources: Recapitalization Agreement (Southwest General Hospital Lp), Recapitalization Agreement (Paracelsus Healthcare Corp)