Common use of Personnel Costs; Right to Hire; Severance Clause in Contracts

Personnel Costs; Right to Hire; Severance. (a) Mortgage Services shall pay all actual personnel costs and expenses incurred by Mortgage Services with respect to its employees providing services under this Agreement. All severance and employee costs, if any, related to the termination of any Mortgage Services employees (including any amounts payable pursuant to the WARN Act) will be paid entirely by Mortgage Services. Mortgage Services will be responsible for any and all costs and expenses associated with the transfer of Mortgage Services employees to any Mortgage Services’ Affiliates, including for any wind down/shut down costs and expenses associated with a wind down or shut down of one or more of Mortgage Services’ facilities.

Appears in 4 contracts

Samples: Mortgage Services Agreement (Genworth Financial Inc), Mortgage Services Agreement (Genworth Financial Inc), Mortgage Services Agreement (Genworth Financial Inc)

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