Compliance with WARN, Etc. With respect to the Employees, Buyer will timely give all notices required to be given under, or will otherwise comply with, WARN or other similar statutes or regulations of any jurisdiction relating to any plant closing or mass layoff or as otherwise required by such statute. For this purpose, Buyer shall be deemed to have caused a mass layoff if the mass layoff would not have occurred but for Buyer's failure to employ the Employees in accordance with the terms of this Agreement. For avoidance of doubt, Buyer shall responsible for any and all WARN obligations, severance payments or other obligations that may apply with respect to any Transferred Employee.
Appears in 2 contracts
Sources: Asset and Stock Purchase Agreement (Tufco Technologies Inc), Asset and Stock Purchase Agreement (Tufco Technologies Inc)