Common use of Certain Employee Agreements Clause in Contracts

Certain Employee Agreements. Subject to Section 6.11, Parent, Purchaser and the Company and its subsidiaries shall honor all contracts, agreements, collective bargaining agreements and commitments of the parties prior to the date hereof and set forth on Schedule 6.10 to the Company Disclosure Schedule, true and complete copies of which have been furnished to Parent, which apply to any current or former employee or current or former director of the Company or its subsidiaries; provided, however, that this undertaking does not prevent Parent, Purchaser or the Company from enforcing or complying with such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, exercising any right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment under any such contract, agreement, collective bargaining agreement or commitment or under applicable Law. Any workforce reductions carried out following the Effective Time by Parent or the Company and their subsidiaries shall be done in accordance with all applicable collective bargaining agreements, and all Laws governing the employment relationship and termination thereof, including, without limitation, the WARN Act and regulations promulgated thereunder, and any comparable state or local Law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bioreliance Corp), Agreement and Plan of Merger (Invitrogen Corp)

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Certain Employee Agreements. Subject to Section 6.11, Parent, Purchaser and the Company and its subsidiaries Subsidiaries shall honor honor, without modification, all contracts, agreements, collective bargaining agreements and commitments of the parties prior to the date hereof and set forth on Schedule 6.10 to the Company Disclosure Schedule, true and complete copies of which have been furnished to Parent, which apply to any current or former employee or current or former director of the Company or its subsidiariesSubsidiaries; provided, however, that this undertaking does not prevent Parent, Purchaser or the Company from enforcing or complying with such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, exercising any right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment under any such contract, agreement, collective bargaining agreement or commitment or under applicable Lawlaw. Any workforce reductions carried out following the Effective Time by Parent or the Company and their subsidiaries shall be done in accordance with all applicable collective bargaining agreements, and all Laws laws and regulations governing the employment relationship and termination thereof, including, without limitation, the WARN Worker Adjustment and Retraining Notification Act and regulations promulgated thereunder, and any comparable state or local Lawlaw.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Suez Lyonnaise Des Eaux), Agreement and Plan of Merger (Trigen Energy Corp)

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