CompUSA 2015 Annual Report Download - page 102

8.15 Disconnection of Sellers’ Database .PromptlyfollowingtheexecutionofthisAgreement,theSellerswillusecommerciallyreasonableefforts
andcooperatewithPurchaseringoodfaithinordertoexpeditiouslydisconnectMACSfromSAPandPCSandrevertback,assoonaspracticable,tothestateof
MACSasitexistedpriortoProvider’sPCSimplementation.
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8.16 Privacy .FromandaftertheClosing,Purchasershall:(i)useanddiscloseanypersonalinformationtransferredwiththePurchasedAssetssolely
forthepurposesforwhichthepersonalinformationwascollected,permittedtobeusedordisclosedintheBusinessbeforetheClosingDatepursuanttoCanadian
Seller’s website privacy and employee policies; (ii) protect such personal information by security safeguards appropriate to the sensitivity of the personal
information; (iii) give effect to any withdrawal of consent of an individual about whom such personal information relates; and (iv) if required under Legal
Requirements,notify,atPurchaser’ssoleexpense,individualsaboutwhomsuchpersonalinformationrelatesthattheirpersonalinformationhasbeentransferredto
thePurchaserandinformationaboutthePurchaser’spracticesinrelationtothecollection,useanddisclosureofpersonalinformation.
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ARTICLE 9.
EMPLOYEES
9.1 Transferred Employees .
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(a)Purchaser may, but shall have no obligation to, offer employment, to be effective as of the Closing Date and contingent upon the
Closing, on terms to be determined by Purchaser, to any employees of Sellers engaged in the Business and identified on Schedule 9.1(a) (collectively the “
TransferredEmployees”).Theparties acknowledgeandagreethatitisnottheintentionofthepartiesthatanyContractsofemploymentofanyemployeesof
SellersshallbeassumedbyPurchaserasaresultoftheTransaction.TheSellerswillberesponsibleforandwilldischargeallobligationsandliabilitiesaccrued
andoutstandinginrespectoftheTransferredEmployeesupto11:59p.m.onthedateimmediatelyprecedingtheClosingDate.ThePurchaserwilldischargeallof
itsobligationsandliabilitiesaccruingonandaftertheClosingDateinrespectofallTransferredEmployeeswhoacceptPurchaser’sofferofemploymentonor
priortotheClosingDate.EachSellershallusereasonablecommercialefforts(butshallnotberequiredtoprovideadditionalcompensation)to(i)encouragethe
TransferredEmployeestocontinuetheiremploymentwithsuchSelleruntilClosingandthereupontoacceptemploymentwithPurchaserand(ii)assistPurchaser
inemployingTransferredEmployees.Notwithstandingtheforegoing,intheeventanyTransferredEmployeenotifiesaSellerofhisorherintentiontoterminate
hisorheremploymentorotherengagementwithaSeller,suchSellerwillpromptly,butinnoeventlaterthanthreebusinessdays,providenoticetoPurchaserof
suchintention.ThecontentofallemploymentofferlettersoragreementsissuedtoTransferredEmployeesemployedintheUnitedStatesbyPurchasershallbein
formsinthediscretionofPurchaser;providedPurchasershallprovideSellerswithareasonableopportunitytoreviewandcommentonallsuchemploymentoffer
lettersandagreements.ThecontentofallemploymentofferlettersoragreementsissuedtoTransferredEmployeesemployedinCanadabyPurchasershallbeon
substantiallythesametermsandconditionsofemploymentintheaggregateasarecurrentlyinplacewithrespecttosuchTransferredEmployees’employment
arrangementswithSellers.
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