Common use of Sufficient Number of Employees Clause in Contracts

Sufficient Number of Employees. There shall be a sufficient number of Employees who, upon the applicable Closing, shall become Transferring Employees. Immediately prior to the Closing Date (i) Purchaser shall advise Seller of the number of Employees employed (a) in jurisdictions other than the U.K. and France and (b) in the province of Quebec who are not subject to a Collective Labour Agreement, who have indicated their intention to accept the offers of employment, and (ii) Seller shall advise Purchaser of the number of Employees employed (a) in the U.K. and France and (b) in the province of Quebec who are subject to a Collective Labour Agreement, whose employment at Closing shall transfer by operation of Law. If the total number of Employees in (i) and (ii) above are, in the judgment of Seller, acting reasonably, sufficient to conduct the Operations immediately post-Closing in substantially the same manner as such Operations are then currently being conducted, then this condition shall be deemed to have been satisfied.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Nortel Networks LTD), Asset Purchase Agreement (Flextronics International LTD), Asset Purchase Agreement (Flextronics International LTD)