Common use of Seller's Employees Clause in Contracts

Seller's Employees. Buyer shall have the right, but not the obligation, to employ any or all of the employees of Seller. Each such person who is employed with Buyer shall be a "TRANSFERRED EMPLOYEE". Buyer shall provide such information to Seller as Seller may reasonably request to permit Seller to assess its obligations, if any, under the WARN Act and to take whatever compliance actions that Seller, in consultation with Buyer, elects to take.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Allegheny Technologies Inc), Asset Purchase Agreement (Allegheny Technologies Inc)

AutoNDA by SimpleDocs

Seller's Employees. Buyer shall have the right, but not the obligation, to employ any or all of the employees of SellerSellers' respective employees. Each such person who is employed with Buyer shall be a "TRANSFERRED EMPLOYEE". Buyer shall provide such information to If permitted by law and applicable regulations, each Seller as Seller may reasonably request to permit Seller to assess its obligations, if any, under the WARN Act and to take whatever compliance actions that Sellershall, in consultation with consideration for the sale of substantially all of such Seller's assets in bulk, assign and transfer to Buyer, elects without additional charge therefor, the amount of reserve in such Seller's State Unemployment Compensation Fund with respect to takeits Business and the corresponding experience rate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

Seller's Employees. Buyer shall have the right, but not the obligation, to employ any or all of the employees of Seller's employees. Each such person who is employed with Buyer shall be a "TRANSFERRED EMPLOYEE". Buyer shall provide such information to If permitted by law and applicable regulations, Seller as Seller may reasonably request to permit Seller to assess its obligations, if any, under the WARN Act and to take whatever compliance actions that Sellershall, in consultation with consideration for the sale of substantially all of such Seller's assets in bulk, assign and transfer to Buyer, elects without additional charge therefor, the amount of reserve in such Seller's State Unemployment Compensation Fund with respect to takethe Business and the corresponding experience rate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

AutoNDA by SimpleDocs

Seller's Employees. The Buyer shall have the right, but not the obligation, to employ any or all of the employees of SellerSellers' employees. Each such person who is employed with Buyer shall be a "TRANSFERRED EMPLOYEE". Buyer shall provide such information to If permitted by law and applicable regulations, each Seller as Seller may reasonably request to permit Seller to assess its obligations, if any, under the WARN Act and to take whatever compliance actions that Sellershall, in consultation with consideration for the sale of substantially all of such Sellers' assets in bulk, assign and transfer to the Buyer, elects without additional charge therefor, the amount of reserve in such Seller's State Unemployment Compensation Fund with respect to takethe Businesses and the corresponding experience rate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.