Common use of Transition of Employees Clause in Contracts

Transition of Employees. From and after the Closing Date, Buyer and Seller agree to cooperate to ensure an orderly transition and subsequent administration of the Accepting Employees. Upon reasonable notice a Party will provide, or cause to be provided, such information and assistance to the other Party as may reasonably be requested by that Party in connection with any employment-related litigation, claim, grievance, arbitration, discovery, or other proceeding with respect to Accepting Employees, to which Buyer or Seller or any of their Affiliates is or may become a party.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement (Global Energy, Inc.), Asset Purchase and Sale Agreement (Global Energy, Inc.)

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Transition of Employees. From and after the Closing Date, Buyer and Seller agree to cooperate to ensure an orderly transition and subsequent administration of the Accepting Acquired Employees. Upon reasonable notice a Party will provide, or cause to be provided, such information and assistance to the other Party as may reasonably be requested by that Party in connection with any employment-related litigation, claim, grievance, arbitration, discovery, or other proceeding with respect to Accepting Employees or Acquired Employees, to which Buyer or Seller or any of their Affiliates affiliates is or may become a party.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Tosco Corp), Asset Purchase and Sale Agreement (Ultramar Diamond Shamrock Corp)

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Transition of Employees. From and after the Closing Date, Buyer and Seller agree to cooperate to ensure an orderly transition and subsequent administration of the Accepting Acquired Employees. Upon reasonable notice a Party will provide, or cause to be provided, such information and assistance to the other Party as may reasonably be requested by that Party in connection with any employment-related litigation, claim, grievance, arbitration, discovery, or other proceeding with respect to Accepting Employees or Acquired Employees, to which Buyer or Seller or any of their Affiliates is or may become a party.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Holly Corp)

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