Facility Closings; Employee Layoffs. For a period of 90 days after the Closing Date, if Parent or the Surviving Corporation shall terminate any employees of the Company or any of its Subsidiaries in such numbers as would trigger any liability under the Worker Adjustment, Retraining and Notification Act, 29 U.S.C. § 2101, et seq. (“WARN”) or any state plant closing or severance law, Parent shall cause the Surviving Corporation and its Subsidiaries to comply with any notice or filing requirements under WARN and any state plant closing or severance law.
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Samples: Agreement and Plan of Merger (Textron Inc), Agreement and Plan of Merger (United Industrial Corp /De/)
Facility Closings; Employee Layoffs. For a period of 90 ninety (90) days after the Closing Date, if Parent or neither Buyer nor any of the Surviving Corporation Companies shall terminate the employment of any employees of the Company or any of its Subsidiaries the Companies in such numbers as would trigger any liability under the Worker Adjustment, Retraining and Notification Act, 29 U.S.C. § 2101, et seq. (“WARN”) or any state plant closing or severance law, Parent . Buyer shall cause the Surviving Corporation and its Subsidiaries Companies to comply with any notice or filing requirements under WARN and any state plant closing or severance law.
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Samples: Stock Purchase Agreement (PPL Corp), Stock Purchase Agreement (Ugi Utilities Inc)
Facility Closings; Employee Layoffs. For a period of 90 ninety (90) days after the Closing Date, if Parent or neither Buyer nor the Surviving Corporation Company shall terminate any employees of the Company or any of its Subsidiaries in such numbers as would trigger any liability under the Worker Adjustment, Retraining and Notification Act, 29 U.S.C. § 2101, et seq. (“WARN”) or any state plant closing or severance law, Parent . Buyer shall cause the Surviving Corporation Company and its Subsidiaries to comply with any notice or filing requirements under WARN and any state plant closing or severance law.
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