Common use of Liability for Severance Clause in Contracts

Liability for Severance. Seller shall have Liability for and shall pay all severance payments (if any) due to any of the Seller Employees (including any Transferred Employee) as a result of the termination of their employment with Seller, whether occurring prior to, at or after the Closing.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Textura Corp), Asset Purchase Agreement (Textura Corp)