Common use of Prior to the Effective Time Clause in Contracts

Prior to the Effective Time. USAV shall give notice to the USAV Employees (such notices to be in the agreed terms) terminating their employment as of the Effective Time and at the same time BARRA shall give notice (such notice to be in the agreed terms) to the USAV Employees offering them re-employment with BARRA with effect from the Effective Time. 14.3.2 BARRA shall offer employment to the USAV Employees with effect from the Effective Time on terms no less favourable than those on which the USAV Employees are employed by USAV immediately prior to such time, as such terms have been disclosed to the Purchaser by the Vendors.