Common use of Seller Employees Clause in Contracts

Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchaser shall not solicit for employment any person who is a salaried employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

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Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchaser shall not solicit for employment any person who is a salaried employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

Seller Employees. (a) Purchaser shall intends to offer employment to substantially all ADI Personnel employed and in good standing at the Effective Time upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve eighteen months following the Closing, unless otherwise permitted by Seller in writing, Purchaser shall not solicit for employment any person who is a salaried an employee of Seller or any subsidiary of SellerSeller (other than ADI Personnel).

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchaser shall intends to offer employment to substantially all ADI Personnel employed and in good standing at the Effective Date upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve eighteen months following the Closing, unless otherwise permitted by Seller in writing, Purchaser shall not solicit for employment any person who is a salaried employee of Seller or any subsidiary of SellerSeller (other than ADI Personnel).

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

Seller Employees. (a) Purchaser Purchasers shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser Purchasers shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchaser Purchasers shall not solicit for employment employ any person who is a salaried was an employee of Seller or any subsidiary of SellerSeller on or after April 1, 1998 (other than ADI Personnel), and for a period of eighteen months following the Closing, Purchasers shall not solicit for employment any such person.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchaser shall not hire any person who was an employee of Seller or any subsidiary of Seller within the previous three months (other than ADI Personnel) and for a period of eighteen months following the Closing. Purchaser shall not solicit for employment any person who is a salaried an employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

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Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, other than the ADI Personnel, Purchaser shall not solicit for employment any person who is a salaried employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avado Brands Inc)

Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel as to whom Purchaser has been furnished all employment records at Closing, upon terms and conditions substantially similar equivalent to those provided by Seller; however, Purchaser shall not be required to provide stock options or any stock purchase rights. For a period of twelve months following the Closing, Purchaser shall not solicit for employment any person who is a salaried employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

Seller Employees. (a) Purchaser shall offer employment to substantially all ADI Personnel upon terms and conditions substantially similar equivalent to those provided by SellerSeller (including compensation and benefits not below those in place immediately prior to the Closing); however, Purchaser shall not be required to provide stock options or any stock other purchase rightsrights regarding equity interests in Purchaser. For a period of twelve eighteen months following the Closing, Purchaser shall not solicit for employment any person who is a salaried an employee of Seller or any subsidiary of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Apple South Inc)

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