Obligations of the Parties After Closing. 10.01 Seller hereby grants to Buyer the right and authority to negotiate with and make offers of employment to any employee of Seller; provided, however, that Buyer shall have no obligation to hire any of Seller's employees or to pay any salary, wages benefits, employment taxes or other sums which might be due them or payable in respect of their employment by Seller. In the event that Buyer elects to hire any of Seller's employees, Seller will deliver to Buyer all employment records and personnel files relating to the employees so hired (but only with the consent of such employees) and will allow each such employee to remain on Seller's group health insurance (to the extent possible) for a period of up to sixty (60) days or until such insurance is transferred to Buyer, with the cost of such insurance for such employees after closing to be reimbursed by Buyer within five working days after Buyer's receipt of an invoice therefor.
Obligations of the Parties After Closing. As soon as practicable after the Closing, but in no event more than three business days thereafter, (a) each of the Corporation and Shareholder shall send by courier to the other, an originally executed counterpart of the documents and instruments set forth in Sections 5.2 and 5.3, and (b) Shareholder shall send by courier to the Corporation for cancellation, the original Stock Certificate No. 24 of the Corporation.
Obligations of the Parties After Closing
