Common use of Severance Costs Clause in Contracts

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. All severance obligations and other costs of terminating employees wherever located resulting from any termination or cessation (or deemed termination or cessation) by the Seller of employment occurring on or prior to or in connection with the Closing Date(including, without limitation, any such termination or cessation occurring in connection with the transactions contemplated by this Agreement), 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 Codearising under Law, or otherwise.