Vacation and Sick Pay Liabilities. Effective as of the Closing Date, Constar shall assume all Liabilities for vacation, sick leave and other paid time off in respect of all Active Constar Employees (and Former Constar Employees, if applicable) as of the Closing Date.
Appears in 6 contracts
Sources: Benefits Allocation Agreement, Benefits Allocation Agreement, Benefits Allocation Agreement (Constar International Inc)