This offer will remain open until Xᚨ p.m (typically 5ᚨpm eastern time). on a specified DAY, and DATE, and will automatically expire unless accepted before that time. It is the intention of Buyer to offer employment after the sale to all of Seller's employees (then an employment agreement with terms must be communicated). Typically, some of the obligations, but not limited to that the Buyer and Seller may wish to incorporate to consummate a transaction anticipated by the LOI are: 1.Execution of a definitive Contract for Sale (Asset Purchase Agreement or Stock Purchase Agreement) acceptable to both parties on or before the specified date, which clearly specifies the assets and liabilities to be acquired from Seller by Buyer and contains the customary warranties, representations and other provisions for a transaction.
One year absence _ If the student_athlete has not attended any two_year or four_year institution for at least one academic year, provided the request for athletic aid for a subsequent term has been denied by the institution.