Common use of Employees; Employee Benefits Clause in Contracts

Employees; Employee Benefits. (a) Parent agrees that individuals who are employed by the Company as of the Effective Time shall become employees of the Surviving Corporation following the Effective Time (each such employee, an "Affected Employee"); provided, however, that nothing contained in this Section 7.8 shall require the Surviving Corporation to continue the employment of any Affected Employee for any period of time following the Effective Time.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Acxiom Corp), Agreement and Plan of Merger (Acxiom Corp), Rights Agreement (May & Speh Inc)

AutoNDA by SimpleDocs

Employees; Employee Benefits. (a) Parent agrees that ---------------------------- individuals who are employed by the Company as of the Effective Time shall become employees of the Surviving Corporation following the Effective Time (each such employee, an "Affected Employee"); provided, however, that nothing contained in this Section 7.8 shall require the Surviving Corporation to continue the employment of any Affected Employee for any period of time following the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (May & Speh Inc)

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