Mexican Employment Matters Sample Clauses

Mexican Employment Matters. Seller and Buyer agree that Mexico Buyer will become the employer, as of the Closing, of the workers and employees (collectively, the "Mexican Transferred Employees") currently employed by Carplastic at the Mexico Sale Plant and listed on Schedule 9.1 attached hereto (such schedule to be updated within two (2) Business Days prior to Closing to account for any workforce changes at the Mexico Sale Plant), and will do so by carrying out an "employer substitution" as provided for in the Mexican Federal Labor Law and Social Security Law and pursuant to the Employer Substitution Agreement in the form attached hereto as Exhibit E (the "Employer Substitution Agreement"). Accordingly, following the Closing, Mexico Buyer will maintain the same exact labor conditions and recognize the seniority of all such Mexican Transferred Employees and agrees to pay such employees upon the same basis as the salaries, fringe benefits or other compensation which the Mexican Transferred Employees received as of immediately prior to the Closing. The parties shall jointly prepare logistics for the announcement of the employer substitution to Carplastic's current personnel. Prior to the Closing, Carplastic agrees to inform Mexico Buyer of any employment related conflict and to reasonably communicate with the Mexican Transferred Employees in an effort to preclude any labor unrest and take commercially reasonable steps to support a peaceful labor environment prior to Closing.