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. 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. 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. Buyer shall not, and shall cause the Company Group not to, take any action during the twelve (12) month period following the Closing that could result in WARN Act liability to Selling Parties.
Plant Closings and Mass Layoffs. Buyer shall not, and shall cause the Pecos Entities to not, take any action within one year following the Closing that could result in WARN Act liability. Buyer hereby agrees to indemnify, and hold the Sellers harmless from, any and all cost, expenses, liabilities or Losses incurred under the WARN Act following the Closing.
Plant Closings and Mass Layoffs. If Buyer shall, or shall cause the Company to, take any action following the Closing that results in WARN Act liability relating to pre-Closing periods, the Buyer shall (or shall cause the Company to) bear and be responsible for such pre-Closing WARN Act liability, and Buyer shall (or shall cause the Company to) promptly satisfy any such liability. The Company and its Subsidiaries shall be responsible for providing any notices required to be given and otherwise complying with the WARN Act relating to any employment losses caused by the Company and its Subsidiaries prior to the Closing. Buyer shall be responsible for providing any notices required to be given and otherwise complying with the WARN Act relating to any employment losses caused by Buyer or its Affiliates on or after the Closing.
Plant Closings and Mass Layoffs. During the period from the date of this Agreement through and including the Closing Date, none of the Acquired Companies shall take any action that could result in WARN Act liability for any of the Acquired Companies.
