Common use of Assumption of Employee Liabilities Clause in Contracts

Assumption of Employee Liabilities. Xxxxxxx shall assume and be solely responsible for the administration of severance, indemnity or other termination pay or other similar benefits in accordance with the terms and conditions of the applicable severance plan or policy in effect as of the date of the applicable termination of employment (i) relating to or resulting from (A) the Xxxxxxx Group’s failure to offer employment to any Xxxxxxx Employee (or failure to continue the employment of any Xxxxxxx Employee following the Plan Separation Date), (B) the Xxxxxxx Group’s failure to offer or continue employment on terms and conditions which would preclude any claims of constructive dismissal or similar claims under any applicable Law or (C) any failure by the Xxxxxxx Group to comply with the terms of this Agreement prior to the Effective Date or (ii) where such severance, indemnity or termination pay or other benefits are required to be paid under applicable Law or a Plan upon the applicable date of the employee’s transfer without regard to such terms and conditions or such continuation of employment.

Assumption of Employee Liabilities. Xxxxxxx shall assume and be solely responsible for the administration of severance, indemnity or other termination pay or other similar benefits in accordance with the terms and conditions of the applicable severance plan or policy in effect as of the date of the applicable termination of employment (i) relating to or resulting from (A) the Xxxxxxx Group’s 's failure to offer employment to any Xxxxxxx Employee (or failure to continue the employment of any Xxxxxxx Employee following the Plan Separation Date), (B) the Xxxxxxx Group’s 's failure to offer or continue employment on terms and conditions which would preclude any claims of constructive dismissal or similar claims under any applicable Law or (C) any failure by the Xxxxxxx Group to comply with the terms of this Agreement prior to the Effective Date or (ii) where such severance, indemnity or termination pay or other benefits are required to be paid under applicable Law or a Plan upon the applicable date of the employee’s 's transfer without regard to such terms and conditions or such continuation of employment.