Common use of Termination of Employees Clause in Contracts

Termination of Employees. At closing the Vendor will terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Armor Enterprises Inc), Asset Purchase Agreement (Oxford Ventures Inc)

AutoNDA by SimpleDocs

Termination of Employees. At closing the The Vendor will at the Closing terminate the employment of all employees to whom and the Purchaser has made an offer of employment under section 8.1 and Vendor will indemnify and save harmless the Purchaser from and against all claims by any employee or past employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closingof employment prior to the Closing.

Appears in 1 contract

Samples: Agreement (Forest Glade International Inc)

Termination of Employees. At closing the Vendor will shall terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 6.1, and will the Vendor and UWS shall jointly and severally indemnify and save harmless the Purchaser from and against all claims by any such employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unity Wireless Corp)

Termination of Employees. At closing The Vendors will, at the Vendor will time of closing, terminate the employment of all such of its employees to whom as may be nominated by the Purchaser has made an offer in order that the Purchaser may enter into contracts of employment under section 8.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closingwith such employees.

Appears in 1 contract

Samples: Asset Purchase Agreement (Blade Internet Ventures Inc)

Termination of Employees. At closing the The Vendor will at the time of Closing ------------------------ terminate the employment of all employees including the employees to whom the Purchaser has made an offer of employment under section 8.1 and the Vendor and the Vendor's Covenantor will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closingprior to the time of Closing.

Appears in 1 contract

Samples: Agreement (Avvaa World Health Care Products Inc)

Termination of Employees. At closing Closing the Vendor will shall terminate the employment of all employees to whom employees, and the Purchaser has made an offer of employment under section 8.1 and will Vendor shall indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closingthe Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Voice Mobility International Inc)

AutoNDA by SimpleDocs

Termination of Employees. At closing the The Vendor will at the time of closing terminate the employment of all employees employees, and shall pay all wages and salaries and termination pay and also amounts due in lieu of holidays up to whom and including the Purchaser has made an offer of employment under section 8.1 Closing Date and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for of the wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before prior to the time of closing.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Ilink Telecom Inc)

Termination of Employees. At closing the Vendor will shall terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 8.3, and will the Vendor shall indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gameweaver Com Inc)

Termination of Employees. At closing The Vendor will, as of the Vendor will Closing Date, terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 7.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice notice, and holiday pay in respect of for any period before closingthe Closing Date.

Appears in 1 contract

Samples: Agreement (Ableauctions Com Inc)

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