Severance Costs. All severance obligations and other costs of terminating employees wherever located resulting from any termination or cessation of employment occurring on or prior to the Closing Date, from whatever source such obligations and costs arise, including, without limitation, contractual obligations, notices to employees, employment manuals, course of dealings, past practices, obligations relating to Section 2806 or 4999 of the Code, or otherwise.
Severance Costs. In the event that Services Recipient terminates this Agreement or any Statement of Work, or any part of the foregoing, for convenience pursuant to this Section 25.3, Services Recipient shall pay to Service Provider the severance costs incurred by Service Provider for terminating any employees of Service Provider who were employed for the purpose of fulfilling Service Provider’s obligation to provide Services under this Agreement as a result of such termination of this Agreement, any Statement of Work, or any part of the foregoing by Services Recipient. Such payment of severance costs shall not be required in the event that Service Provider elects to reduce its staff due to a reduction, but not termination of, Services Recipient’s requirements for the level of any particular Service required by Services Recipient.
Severance Costs. From and after the Closing Date, Seller shall be solely responsible for and shall indemnify Buyer and the Acquired Companies from and against any liabilities or obligations relating to the Severance Costs.
Severance Costs. Upon the termination of services provided by Customer Care, REI will reimburse Resources for the actual costs of severance incurred under a previously approved severance plan for personnel (i) who were hired by Customer Care from REI pursuant to this Agreement, (ii) who are terminated by Resources within 60 days after Customer Care terminates its services for REI (other than employees who are terminated during such period due to death, disability or cause) and (iii) who are not employed by a member of the REI Group within 30 days after their separation from the Resources Group. No severance costs shall be payable with respect to any personnel hired by any member of the Resources Group from REI other than personnel hired by Customer Care to perform services under this Section 3 of this Agreement. Nor shall REI be responsible for severance costs related to personnel initially hired by Customer Care from REI but who subsequently are transferred to employment by another member of the Resources Group prior to their termination from Resources.
Severance Costs. All Severance Costs not included in the Final Working Capital Schedule or otherwise paid at or prior to the Closing shall be treated as Closing Date Indebtedness and shall be set forth in detail in the Closing Date Indebtedness Statement unless otherwise mutually agreed to by the Parties.
Severance Costs. Prior to the Closing, the Company shall terminate all employees of the Company and pay all severance, accrued compensation and other amounts owed to such terminated employees in connection with such termination of employment (other than any amounts owed to such terminated employees with respect to Company Stock or Company Options or pursuant to the Bonus Plans or amounts set forth on Section 3.7 of the Company Disclosure Schedule).
Severance Costs. To the extent the employment of any employee of the Seller Parties who would have been a Transferred Employee if his or her employment was transferred to the Company pursuant to Section 2.04 is terminated between the date hereof and the Closing, any cost in connection with such termination will be allocated to the Company pursuant to the Separation Agreement. To the extent that the Company terminates any Transferred Employee on or after the Closing, the Company will pay all severance and benefits costs incurred in connection with the termination of such Transferred Employee.
Severance Costs. (a) The Sellers agree to reimburse the Purchaser for severance costs for terminations up to 27 technician positions and five salaried positions of Transferred Employees (reduced by the number of terminations of employment in such categories made by the Sellers prior to the Closing Date) in the event that the termination occurs because the Purchaser stops producing the products set forth on Schedule 11.4 or any of the products to be supplied to Chemtura under the Purchaser Master Supply Agreement at the Geismar Facility within four months after the Closing Date. The Sellers shall have no obligation to reimburse the Purchasers for any amounts with respect to any individual pursuant to this Section 11.4(a) unless, prior to such individual’s termination, (i) the Purchaser has used commercially reasonable efforts, as determined in good faith by the Purchaser, to offer employment to such individual at the Geismar Facility or the Purchaser’s Baton Rouge facility on terms and conditions that are no less favorable than those offered to such individual pursuant to Section 11.1, (ii) after the exercise of such commercially reasonable efforts, the Purchaser is unable to employ such individual, and (iii) to the extent a release would be required under the applicable Chemtura Corporation Severance Plan, the individual signs a release substantially comparable to the form of release the Sellers have historically required under the applicable Chemtura Corporation Severance Plan, releasing the applicable Seller and its Affiliates and the Purchaser and its Affiliates from any liability or claims arising out of such individual’s employment with the applicable Seller or the Purchaser or the termination or transfer thereof. Notwithstanding the foregoing, no reimbursement obligation will arise under this Section 11.4(a) with respect to any individual who continues to be employed by the Purchaser, and the Purchaser shall refund the Sellers any reimbursements made under this Section 11.4(a) with respect to any individual who becomes reemployed by Purchaser or any of its Affiliates or otherwise performs services in any capacity for the Purchaser or any of its Affiliates (whether as a consultant, independent contractor, advisor or otherwise), other than the performance of consulting services for a period of time not to exceed three months, within a 24-month period following the Closing Date.
Severance Costs. All severance obligations and other costs of terminating employees wherever located resulting from any termination or cessation of employment occurring on or prior to the date hereof, from whatever source such obligations and costs arise, including, without limitation, contractual obligations, notices to employees, employment manuals, course of dealings, past practices, obligations relating to Section 280G or 4999 of the Code, or otherwise.
Severance Costs. All Severance Costs shall be treated as Closing Date Indebtedness and shall be set forth in detail in the Closing Statement. The Sellers shall administratively effect the timely payment of all Severance Costs to the Transferred Employees in accordance with their human resource policies and applicable Laws. The Purchaser shall assume all accrued vacation obligations in respect of the Transferred Employees to the extent that such obligations are accrued as current liabilities on the Final Working Capital Schedule.
