Common use of Employment Laws Clause in Contracts

Employment Laws. Prior to the Closing, each of Purchaser and Seller shall comply with their respective obligations under applicable law with respect to Company Employees. Purchaser and Seller, respectively, shall make any filings and shall deliver any notices required to be made or delivered by them in connection with the transactions contemplated herein under any applicable employment Law, or any similar state or local Law. Each of Purchaser and Seller shall be solely responsible for and agrees to indemnify, hold harmless and to defend the other Party from and against all liability, obligation or cost resulting from its failure to make any filing or deliver any notice as contemplated in the preceding sentence. Notwithstanding the foregoing, the Purchaser agrees to indemnify, hold harmless and to defend the Seller from and against all liability, obligations or cost under any applicable employment Law or any similar state or local Law, to any Company Employee hired by Purchaser who is found to have suffered an employment loss under any applicable employment Law on or after the Closing Date, and any and all other Liabilities, obligations and costs, including attorneys’ fees, arising out of or resulting from any such employment loss or Purchaser’s failure to employ such employees, serve sufficient notice, or provide pay in lieu of notice pursuant to any applicable employment Law or any similar state or local Law.

Appears in 4 contracts

Samples: Stock Purchase Agreement (International Rectifier Corp /De/), Stock Purchase Agreement (International Rectifier Corp /De/), Stock Purchase Agreement (International Rectifier Corp /De/)

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Employment Laws. Prior to the Closing, each of Purchaser and Seller shall comply with their respective obligations under applicable law with respect to Company Employees. Purchaser and Seller, respectively, shall make any filings and shall deliver any notices required to be made or delivered by them in connection with the transactions contemplated herein under any applicable employment Law, or any similar state provincial or local Law. Each of Purchaser and Seller shall be solely responsible for and agrees to indemnify, hold harmless and to defend the other Party from and against all liability, obligation or cost resulting from its failure to make any filing or deliver any notice as contemplated in the preceding sentence. Notwithstanding the foregoing, the Purchaser agrees to indemnify, hold harmless and to defend the Seller from and against all liability, obligations or cost under any applicable employment Law or any similar state provincial or local Law, to any Company Employee hired by Purchaser who is found to have suffered an employment loss under any applicable employment Law on or after the Closing Date, and any and all other Liabilities, obligations and costs, including attorneys’ fees, arising out of or resulting from any such employment loss or Purchaser’s failure to employ such employees, serve sufficient notice, or provide pay in lieu of notice pursuant to any applicable employment Law or any similar state provincial or local Law.

Appears in 1 contract

Samples: Stock Purchase Agreement (International Rectifier Corp /De/)

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Employment Laws. Prior to the Closing, each of Purchaser and Seller Sellers shall comply with their respective obligations under applicable law with respect to Company Employees. Purchaser and SellerSellers, respectively, shall make any filings and shall deliver any notices required to be made or delivered by them in connection with the transactions contemplated herein under any applicable employment Law, or any similar state or local Law. Each of Purchaser and Seller Sellers shall be solely responsible for and agrees to indemnify, hold harmless and to defend the other Party from and against all liability, obligation or cost resulting from its failure to make any filing or deliver any notice as contemplated in the preceding sentence. Notwithstanding the foregoing, the Purchaser agrees to indemnify, hold harmless and to defend the Seller Sellers from and against all liability, obligations or cost under any applicable employment Law or any similar state or local Law, to any Company Employee hired by Purchaser who is found to have suffered an employment loss under any applicable employment Law on or after the Closing Date, and any and all other Liabilities, obligations and costs, including attorneys’ fees, arising out of or resulting from any such employment loss or Purchaser’s failure to employ such employees, serve sufficient notice, or provide pay in lieu of notice pursuant to any applicable employment Law or any similar state or local Law.

Appears in 1 contract

Samples: Stock Purchase Agreement (International Rectifier Corp /De/)

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