WARN Act Liability definition

WARN Act Liability means any Liability arising under the WARN Act with respect to any mass layoff, plant closing or other termination of any employee of Seller or any of its Affiliates, in any case, occurring on or prior to the Closing Date and/or with respect to any employee of Seller or any of its Affiliates who does not become a Transferred Employee.
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WARN Act Liability shall include without limitation each of the following: (a) liability for continued compensation after notice of termination is given to any employee or the cost of a mutually agreeable negotiated severance payment which such employee agrees to accept in return for a release of claims pursuant to the WARN Act; and (b) the actual cost of retaining such employee through and including any such notice period required by the WARN Act. Seller's agreement to share the liability equally will not diminish the Buyer's liability to reimburse Seller for the cost of any such employee pursuant to the Services Agreement 4.
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WARN Act Liability means any and all claims, damages or other liability arising from or relating to any actual or alleged violations involving the Debtor, YFE, or Yucaipa of the WARN Act and/or California Labor Code §§ 1400 et seq.
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Examples of WARN Act Liability in a sentence

  • Seller shall bear any and all obligations and Liability under the WARN Act (“WARN Act Liability”) resulting from employment losses of pre-Closing Seller employees pursuant to this Section 6.05 or otherwise, whether prior to, on or after the Closing Date; provided that Seller shall not be responsible for WARN Act Liability resulting from any employment losses of individuals actually employed and terminated by Buyer post-Closing.

  • Buyer shall not, and shall cause the Company Group not to, take any action following the Closing that could result in WARN Act Liability within twelve (12) months after the Closing Date.

  • Notwithstanding the foregoing, nothing in this Section 8.18 shall be construed as a prohibition on Buyer’s terminating or changing the employment of any Offered Employees operating in the field on an individual basis, as long as such actions do not trigger WARN Act Liability.

  • The Companies are in compliance with the WARN Act and no WARN Act event has occurred in the preceding three years for which any WARN Act Liability exists.

  • Buyer shall indemnify and hold harmless Seller and its Affiliates (including officers or directors of MC or MedCath) from and against any claims, liabilities, damages and expenses, including reasonable attorneys’ fees and expenses, arising from any WARN Act Liability.

  • Such liability of the Seller is referred to as the "Seller WARN Act Liability." The Purchaser shall be solely responsible for any and all obligations and liabilities that may arise after the Effective Time with respect to any of the Specified Employees as a result of the transactions contemplated by this Agreement under the WARN Act (the "Purchaser WARN Act Liability").

  • Xxxxxx shall not be responsible for WARN Act Liability resulting from any employment losses of individuals actually employed and terminated by Buyer post-Closing.

  • For a period of not less than Twelve (12) months following the Closing Date, Parent will not, and will cause the Surviving Corporation and the Surviving Corporation’s Subsidiaries not to, take any action following the Closing that could result in WARN Act Liability relating to employees of the Surviving Corporation or any of the Surviving Corporation’s Subsidiaries.


More Definitions of WARN Act Liability

WARN Act Liability means any Liability arising under WARN with respect to any mass layoff, plant closing or other termination of employees, in any case, occurring on or prior to the Closing Date.
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WARN Act Liability has the meaning set forth in Section 13.4.
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Related to WARN Act Liability

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, and (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code.

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.

  • Third Party Liability has the meaning ascribed thereto in Section 8.3.2;

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • WARN Act means the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local and foreign laws related to plant closings, relocations, mass layoffs and employment losses.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Intra-Group Liabilities means the Liabilities owed by any member of the Group to any of the Intra-Group Lenders.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • MREL Eligible Liabilities means “eligible liabilities” (or any equivalent or successor term) which are available to meet any MREL Requirement (however called or defined by then Applicable MREL Regulations) of the Issuer under Applicable MREL Regulations;

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;