Common use of Severance Obligations Clause in Contracts

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers based on Seller's severance policies as in effect on the Closing Date.

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers based on Seller's severance policies as in effect on the Closing Date.Buyers

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller Sellers pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller Sellers shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Sellers' practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller Sellers or the Buyers based on Seller's severance policies as in effect on the Closing Date.Buyers

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller Sellers pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller Sellers shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits that may be due and owing such employee by reason of his or her employment with either the Seller Sellers or the Buyers based on Seller's Sellers' severance policies as in effect on the Closing Date.

Severance Obligations. In the event an offer of employment is extended by the Buyers Buyer to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers Buyer is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits benefits, if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers based on Seller's severance policies as in effect on the Closing DateBuyer.

Severance Obligations. In the event an offer of employment is extended by the Buyers to and accepted by an employee of the Seller pursuant to Section 4(c) and such subsequent employment by the Buyers is terminated within sixty (60) days from the Closing Date, the Seller shall be exclusively responsible for, and shall pay to such accepting employee, all severance benefits (if any, pursuant to the Seller's practices as in effect on the Closing Date) that may be due and owing such employee by reason of his or her employment with either the Seller or the Buyers based on SellerBuyer, as long as there has been no material change in the terms of employee's severance policies as in effect on the Closing Dateemployment by Buyer.