Compliance with WARN Act. Buyer agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Company as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Seller or its Affiliates, unless Buyer or the Company delivers notices under the WARN Act in such a manner and at such time that Seller and its Affiliates bear no liability with respect thereto.
Appears in 1 contract
Samples: Stock Purchase Agreement (Concentra Operating Corp)
Compliance with WARN Act. Buyer The Purchaser agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Company Holdings or its Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Seller the Seller, unless the Purchaser, Holdings or its Affiliates, unless Buyer or the Company Subsidiaries delivers notices under the WARN Act in such a manner and at such a time that the Seller and its Affiliates bear no liability with respect thereto.
Appears in 1 contract
Compliance with WARN Act. Buyer Purchaser agrees that, for a period of sixty (60) 60 days after the Closing Date, it will not cause any of the employees of the Company or any of its Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Seller or its AffiliatesSellers, unless Buyer Purchaser or the Company delivers notices under the WARN Act in such a manner and at such a time that Seller and its Affiliates bear bears no liability with respect thereto.
Appears in 1 contract
Samples: Stock Purchase Agreement (Fleetcor Technologies Inc)
Compliance with WARN Act. Buyer The Purchaser agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Company or any of the Company Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create reasonably be expected to result in any liability for Seller or its Affiliatesthe Sellers, unless Buyer the Purchaser or the Company delivers notices under the WARN Act in such a manner and at such a time that Seller and its Affiliates the Sellers bear no liability with respect thereto.
Appears in 1 contract
Samples: Stock Purchase Agreement
Compliance with WARN Act. Buyer agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Company Acquired Companies as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Seller or its AffiliatesSellers, unless Buyer or the Company delivers Acquired Companies deliver notices under the WARN Act in such a manner and at such time that Seller and its Affiliates Sellers bear no liability with respect thereto.
Appears in 1 contract
Samples: Securities Purchase Agreement (Beacon Roofing Supply Inc)