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 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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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
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Examples of WARN Act Liability in a sentence

  • 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.

  • 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.

  • 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.

  • Application to State for Exemption of WARN Act Liability 10 21 IV.

  • 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.

  • 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.

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

  • 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.

  • 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").


More Definitions of WARN Act Liability

WARN Act Liability has the meaning set forth in Section 13.4.
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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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Related to WARN Act Liability

  • Third Party Liability means both of the following:

  • 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 Worker Adjustment and Retraining Notification Act of 1988, and any similar foreign, state or local Law.

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

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

  • 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.