Examples of Transferred Employee in a sentence
Except to the extent otherwise provided in a Labor Contract or at applicable Law, nothing contemplated by this Agreement shall be construed as requiring Buyers to be obligated to continue the employment of any Transferred Employee for any period after the Closing Date; provided that each Buyer shall provide such Transferred Employee with pay and benefits to the extent required pursuant to clause (iv) above.
Nothing herein shall guarantee employment for any period of time or preclude the ability of the Buyers and their Subsidiaries (including the Transferred Entities) to terminate the employment of any Transferred Employee at any time and for any reason.
Each of the Employees required by Buyer shall have agreed to become a Transferred Employee and entered into an Employment Agreement with Buyer or one of its Affiliates, in each case on terms and conditions satisfactory to Buyer in its sole discretion.