Common use of Integration Services Clause in Contracts

Integration Services. For one (1) year following the Closing Date, the Seller covenants to nominate a team leader and to cause such team leader to assist the Buyer in the transition and integration of the Company from the Seller to the Buyer and agrees that all salary, wages, expenses and any benefits under any Seller benefit plans to which such employee is entitled shall be paid at Seller's sole expense. Nothing contained in this Agreement shall create any third party beneficiary rights in such employee, any beneficiary or dependent thereof, with respect to the benefits that may be provided to such employee by the Seller or with respect to any entitlement of such employee to employment or continued employment with the Buyer or any Affiliate for any specified period after the Closing Date. In addition, nothing in this Section 9.14 shall be construed as creating any employment agreement or right to future employment.

Appears in 2 contracts

Sources: Sale and Purchase Agreement, Sale and Purchase Agreement (Anika Therapeutics Inc)