Common use of Vacation Pay and Personal Holidays Clause in Contracts

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Huntsman International LLC)

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Vacation Pay and Personal Holidays. The Purchaser shall cause the Company and its Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Fat Brands, Inc), Stock Purchase Agreement (Intertape Polymer Group Inc)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only amounts to the extent that such amounts are reflected accrued in the Closing Net Working CapitalCapital as finally determined pursuant to Section 3.03.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Park Ohio Holdings Corp)

Vacation Pay and Personal Holidays. The Purchaser shall Buyer will cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (Date, including any earned vacation or personal holiday pay to be used in future years), and shall will assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Stock Purchase Agreement (Leggett & Platt Inc)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sparton Corp)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (Date, including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Securities Purchase Agreement (Azz Inc)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company and its Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date date hereof (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Advanced Drainage Systems, Inc.)

Vacation Pay and Personal Holidays. The Purchaser Buyer shall cause the Company Transferred Companies to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Stock Purchase Agreement (Key Tronic Corp)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company and its Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume retain all liability Liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Unit Purchase Agreement (Arcosa, Inc.)

Vacation Pay and Personal Holidays. The Purchaser shall Buyer will cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (Date, including any earned vacation or personal holiday pay to be used in future years), and shall will assume all liability for the payment of such amounts, but only amounts to the extent that such amounts are reflected liability is appropriately accrued in the Financial Statements or included in Closing Net Working Capital.

Appears in 1 contract

Samples: Share Purchase Agreement (Parker Hannifin Corp)

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Vacation Pay and Personal Holidays. The Purchaser shall cause the Company Acquired Companies to continue to credit to each Retained Business Employee all vacation and personal holiday pay that the Retained Business Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sonoco Products Co)

Vacation Pay and Personal Holidays. The Purchaser Buyer shall cause the Company Companies and their respective Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Securities Purchase Agreement (Arcosa, Inc.)

Vacation Pay and Personal Holidays. The Purchaser shall cause the Company or its Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fat Brands, Inc)

Vacation Pay and Personal Holidays. The To the extent included in Working Capital, the Purchaser shall cause the Company to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hubbell Inc)

Vacation Pay and Personal Holidays. The Purchaser Buyers shall cause the Company Group and its Subsidiaries to continue to credit to each Retained Employee all vacation and personal holiday pay that the Retained Employee is entitled to use but has not used as of the Closing Date (including any earned vacation or personal holiday pay to be used in future years), and shall assume all liability for the payment of such amounts, but only to the extent that such amounts are reflected in Working Capital.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Kadant Inc)

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