Plant Closings and Mass Layoffs. Buyer shall not, and shall cause the Company not to, take any action following the Closing that could result in WARN Act liability.
Plant Closings and Mass Layoffs. Buyer does not currently plan or contemplate any plant closings, reduction in force, or terminations of employees of Seller with respect to the Business that would trigger obligations under the WARN Act or similar Laws.
Plant Closings and Mass Layoffs. As of the date hereof, Parent does not intend to effect any “plant closings” or “mass layoff” as those terms are defined in the WARN Act, affecting in whole or in part any site of employment, facility, operating unit or employee of the Company or the Subsidiaries (including ISG) without complying with the provisions of the WARN Act.
Plant Closings and Mass Layoffs. Purchaser shall not, and shall cause the Companies and the Company Subsidiary not to, take any action following the Closing that could result in liability to Sellers under the Worker Adjustment and Retraining Notification Act, as amended, without complying with such Act.
Plant Closings and Mass Layoffs. For a period of 90 days following the Closing Date, Buyer shall not, and shall cause the Operating Company not to, terminate the employment of employees of the Operating Subsidiary to the extent such termination would result in liability under the WARN Act to the Sellers.
Plant Closings and Mass Layoffs. Neither Parent nor OV2 currently plans or contemplates any plant closings, reductions in force, or terminations of Oncor Employees (as defined below) that would reasonably be expected to give rise to obligations under the WARN Act.
Plant Closings and Mass Layoffs. Swan Sponsor agrees to provide, or shall cause its Affiliates to provide, any required notice under and to otherwise comply with, the WARN Act with respect to employment losses of Business Employees that occur prior to the Closing Date. Parent agrees to provide, or shall cause its Affiliates to provide, any required notice under and to otherwise comply with, the WARN Act with respect to employment losses of Business Employees that occur on or after the Closing Date. Swan Sponsor and Parent will cooperate and use their reasonable endeavors to provide data to each other to assist both Swan Sponsor and Parent in ascertaining their obligations under the WARN Act in connection with the transactions contemplated by this Agreement and Parent and its Affiliates shall take no post-Closing action that will cause any pre-Closing employment loss to have been subject to notice requirements under the WARN Act.
Plant Closings and Mass Layoffs. Purchaser does not currently plan any plant closings or mass layoffs of the Company or any of its Subsidiaries that, in the aggregate, would trigger the WARN Act or any similar United States statute, law, rule or regulation regarding notice of plant closings or mass layoffs.
Plant Closings and Mass Layoffs. Buyer shall not, and shall cause the Company not to, take any action within twelve months following the Closing that could result in WARN Act liability or obligation of mass notice to employees pursuant to applicable Law.
Plant Closings and Mass Layoffs. Purchaser shall not, and shall cause the Company not to, take any action following the Closing that could result in WARN Act liability to the Sellers. As used in this Section 5.7, “WARN Act” means the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local and foreign laws related to plant closings, relocations, mass layoffs and employment losses.
