Common use of Employee Expenses Clause in Contracts

Employee Expenses. Purchaser shall not be responsible for any wages or benefits payable to employees of the Motel accruing prior to the Closing Date and Purchaser shall not be required to assume any obligation with respect to any employee benefits that were incurred prior to the Closing Date; and Seller shall indemnify Purchaser against any claim in connection therewith. The indemnity provided herein shall survive the Closing. In addition, Seller shall comply with all obligations imposed on Seller by applicable federal or California laws regarding continuation coverage rights, to the extent that it is required to do so under applicable laws; provided, however, Purchaser acknowledges that Seller is not giving any notice under the Worker Adjustment and Retraining Act and agrees to indemnify Purchaser and hold Purchaser harmless from and against any and all costs and expenses incurred by Purchaser as a result of Seller's failure to give such notice.

Employee Expenses. Purchaser shall not be responsible for any wages or benefits payable to employees of the Motel Motels accruing prior to the Closing Date and Purchaser shall not be required to assume any obligation with respect to any employee benefits that were incurred prior to the Closing Date; and Seller shall indemnify Purchaser against any claim in connection therewith. The indemnity provided herein shall survive the Closing. In addition, Seller shall comply with all obligations imposed on Seller by applicable federal or California laws regarding continuation coverage rights, to the extent that it is required to do so under applicable laws; provided, however, Purchaser acknowledges that Seller is not giving any notice under the Worker Adjustment and Retraining Act and agrees to indemnify Purchaser and hold Purchaser harmless from and against any and all costs and expenses incurred by Purchaser as a result of Seller's failure to give such notice.