Common use of WARN Clause in Contracts

WARN. (a) Neither the Sellers nor the Company shall, at any time within the 90-day period prior to the Closing Date, effectuate a "plant closing" or "mass layoff" as those terms are defined in the Worker Adjustment and Retraining Notification Act of 1988, as amended, ("WARN") or any state law, affecting in whole or in part any site of employment, facility, operating unit or employee of the Sellers without notifying Buyer in advance and without complying with the notice requirements and all other provisions of WARN and any similar state law.

Appears in 3 contracts

Samples: Purchase Agreement (American Water Works Co Inc), Purchase Agreement (American Water Works Co Inc), Purchase Agreement (American Water Works Co Inc)

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WARN. (a) Neither the Sellers nor the Company shallBuyer shall not, on, or at any time within the 90-day period prior to 90 days after, the Closing Date, effectuate a "plant closing" or "mass layoff" ", as those terms are defined in the Worker Adjustment and Retraining Notification Act of 1988, as amended, 1988 ("WARN") or any state law), affecting in whole or in part any site of employment, facility, operating unit or employee of the Sellers employee, without notifying Buyer Seller and Seagram in advance and without complying with the notice requirements and all other provisions of WARN and WARN, as well as all requirements of the corresponding laws of any similar state lawstate.

Appears in 1 contract

Samples: Stock Purchase Agreement (Seagram Co LTD)

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WARN. (a) Neither the Sellers nor the Company shall, at any time within the 90-day period prior to the Closing Date, effectuate a "plant closing" or "mass layoff" as those terms are defined in the Worker Adjustment and Retraining Notification Act of 1988, as amended, ("WARN") or any state law, affecting in whole or in part any site of employment, facility, operating unit or employee of the Sellers Connecticut-American without notifying Buyer in advance and without complying with the notice requirements and all other provisions of WARN and any similar state law.

Appears in 1 contract

Samples: Purchase Agreement (American Water Works Co Inc)

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