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Common use of Assumption by Parent Clause in Contracts

Assumption by Parent. Effective as of the Effective Time, Parent shall assume and honor any individual agreement to which any Parent Employee is a party with any member of the Sysorex Group, including any Individual Agreement described in subsection (a) above.

Appears in 2 contracts

Sources: Employee Matters Agreement (Sysorex, Inc.), Employee Matters Agreement (Inpixon)

Related Clauses

  • Assumption by Assignee
  • Assumption by Successor
  • Termination by Parent
  • Assignment; Assumption by Successor
  • Succession by Merger, Etc

Parent Clauses

  • AMENDMENTS AND WAIVERS
  • Registrar and Paying Agent
  • General
  • Securities Issuable in the Form of a Depository Security
  • Preferential Collection of Claims Against the Company

Sub-Clauses

  • Call, Notice and Place of Meetings
  • Purposes for Which Meetings May Be Called
  • Persons Entitled to Vote at Meetings
  • Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions
  • Paying Agent to Repay Monies Held
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