Common use of Compliance with WARN Act Clause in Contracts

Compliance with WARN Act. Except as contemplated by Section 2.25, since the enactment of the WARN Act, neither Company nor the Business has effectuated (i) a “plant closing” (as defined in the WARN Act) affecting any site of employment or one or more facilities or operating units within any site of employment or facility of any of such entities or (ii) a “mass layoff” (as defined in the WARN Act) affecting any site of employment or facility of any of such entities, nor has any of such entities been affected by any transaction or engaged in layoffs or employment terminations sufficient in number to trigger application of any similar Law. None of the Employees has suffered an “employment loss” (as defined in the WARN Act).

Appears in 1 contract

Sources: Stock Purchase Agreement (Florida Gaming Corp)

Compliance with WARN Act. Except as contemplated by Section 2.25, since the enactment of the WARN Act, neither Company Neither Seller nor the Business has effectuated (i) a “plant closing” (as defined in the WARN Act) affecting any site of employment or one or more facilities or operating units within any site of employment or facility of any of such entities or (ii) a “mass layoff” (as defined in the WARN Act) affecting any site of employment or facility of any of such entities, nor has any of such entities been affected by any transaction or engaged in layoffs or employment terminations sufficient in number to trigger application of any similar Law. None of the Employees has suffered an “employment loss” (as defined in the WARN Act).

Appears in 1 contract

Sources: Asset Purchase Agreement (Florida Gaming Corp)